Abc buys widgets for $5 cash and sells them on account for $8. From a cash flow perspective, the receivable is valued at?.

A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i

Karolina [17]

I would say, "Please wait a moment. I'll check if the item will be in stock soon or already in stock." If the supervisor is available quickly after he or she is done, I'd ask them if they could help look in the back.

8 0

3 years ago

The current exchange rate between U.S. Dollar and Euro is $1.355/.738. It means that:______a. one Euro can buy 0.738 Dollars.b.

Verdich [7]

Answer:

b. one Dollar can buy 0.738 Euros

Explanation:

Given that

The Current Exchange rate is

= $1.335 ÷ 0.738 Euro

The 0.738 represents the indirect exchange rate now transform it into direct exchange rate

Direct Exchange rate is

= $1 ÷ 0.738 Euro

= $1.3550

Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355

But the person could purchased at ask price only

Therefore the option b is correct

4 0

3 years ago

A. Raw materials purchased on account, $209,000.

SVETLANKA909090 [29]

Answer:

1. Journal Entries

a.

Debit Raw materials $209,000

Credit Accounts Payable $209,000

To record the purchase of raw materials on account.

b.

Debit Work in Process $152,800

Debit Manufacturing Overhead $38,200

Credit Raw materials $191,000

To record raw materials used in production as direct and indirect materials respectively.

c.

Debit Work in Process $48,000

Debit Manufacturing Overhead $20,000

To record direct and indirect labor costs.

d.

Debit Manufacturing Overhead $106,000

Credit Depreciation Expense-Equipment $106,000

To record depreciation on factory equipment.

e.

Debit Manufacturing Overhead $131,000

Credit Expenses Payable $131,000

To accrue other manufacturing overhead costs.

f.

Debit Work in Process $380,500

Credit Manufacturing Overhead $380,500

To apply manufacturing overhead cost to production.

g.

Debit Finished Goods Inventory $515,000

Credit Work in Process $515,000

To transfer goods to finished goods inventory.

h.

Debit Cost of Goods Sold $451,000

Credit Finished Goods Inventory $451,000

To record the cost of goods sold.

Debit Accounts Receivable $622,380

Credit Sales Revenue $622,380

To record the sale of goods on account at 38% above cost.

2. T-accounts for Manufacturing Overhead and Work in Process

Manufacturing Overhead

Account Title Debit Credit

Raw materials $38,200

Indirect labor cost 20,000

Depreciation-Equip. 106,000

Other costs 131,000

Work in Process $380,500

Ending balance 85,300

Work in Process

Account Title Debit Credit

Beginning Balance $35,000

Raw materials 152,800

Direct labor cost 48,000

Manuf. Overhead 380,500

Finished Goods $515,000

Ending Balance 101,300

Explanation:

Manufacturing overhead applied = 76,100 * $5 = $380,500

Manufacturing overhead overapplied = $85,300

4 0

3 years ago

Some economists advocate a ____________ on the consumption of such products as gasoline, liquor, cigarettes, and even soda pop,

Eduardwww [97]

Answer:

The correct answer is Sin tax.

Explanation:

A sin tax is a state-sponsored tax that is added to products or services that are considered vices, such as alcohol, tobacco and gambling. These types of taxes are collected by governments to deter individuals from participating in such activities without making the use of the products illegal. These taxes also constitute a source of revenue for the government.

4 0

3 years ago

a) (15 points) What is the subgame perfect Nash equilibrium pricing policy for Tony (convince me that it’s SPNE)? What is Tony’s

timama [110]

Answer:

Hello attached below is the complete question

Answer:

Backward induction

Tony's payoff = 1800

Explanation:

Subgame Perfect Nash equilibrium pricing policy is a refined version of Nash Equilibrium and the subgame perfect Nash Equilibrium pricing policy that Tony uses is Backward Induction

As seen from the different periods Tony depends on the price of the previous periods to determine the the price of the next period in other to maximize his payoff

The pricing at p2 will be in such a way that buyer L1, L2 will purchase the Good at P2 ( $200 ) hence the payoff for the seller ( Tony ) will be = 200 *2

In period 1 the change in price will be in such a way that the buyer will purchase the good hence the payoff for Tony = 1400 * 1

This is an SPNE because ( p1, p2 ) = (1400, 200) which is determined using Backward induction

Tony's payoff = ( 1400 + 400 ) = 1800

7 0

3 years ago