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ANEK [815]
2 years ago
13

Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts

Receivable subsidiary ledger?
A. It is recorded upon payment
B. as $300 payment
C. as $300 credit
D. as $300 debit
Business
1 answer:
expeople1 [14]2 years ago
4 0
B bc if the food DLC do gas so gc coo be fb bl
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Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Ident
Sedaia [141]

Answer:

Foster Inc.'s assets will decrease by a net amount of $30,000.

The Company's liabilities will increase by $30,000.

Explanation:

The price of the assert is $5,000 + $30,000 = $35,000

this means that the company's fixed assets will increase by $35,000, but since cash is decreasing by $5,000, the net change will be only $30,000

the amount of the loan = $30,000

this means that the company's liabilities will increase by $30,000

5 0
3 years ago
You have just calculated the acid-test ratio for Peak Performance Sporting Goods [acid test ratio = 1.0]. As a loan officer for
Radda [10]

Answer:

D) An acid-test ratio = 1.0 tells us that without adequate inventory turnover, this company may represent a higher risk. Peak Performance's acid-test ratio shows that the firm maintains $1.00 in current assets for every $1.00 in current liabilities.

Explanation:

The acid test ratio is the ratio which depicts the liquidity of the company. It excludes the inventory, prepaid expenses, etc for calculating it

The formula to compute is shown below:

Acid test ratio is

= Quick assets ÷ current liabilities

Therefore according to the given situation, the correct option is d.

4 0
3 years ago
Corporate cults may undermine organizational effectiveness because they lock people into _____, which can blind them to new oppo
kifflom [539]

Answer:

Mental models.

Explanation:

Corporate cults may undermine organizational effectiveness because they lock people into mental models, which can blind them to new opportunities and unique problems.

Corporate cult can be defined as the behaviors and belief system which determines how the management in a company interact, handle and control the employees working for her.

These employees are usually brainwashed into believing in the organizational goals and as such would become blind to other better opportunities and dysfunctional processes and cultures in the organization.

5 0
3 years ago
Suppose the Federal Reserve increases bank reserves and banks lend out some of these reserves, but at some point banks still hav
MatroZZZ [7]

Answer:

$50 million

Explanation:

Given that,

Suppose the Federal Reserve increases bank reserves and banks lend out some of these reserves,

Amount of money available = $5 million

Reserve requirement ratio = 10 percent

Money multiplier:

= 1/ Reserve requirement ratio

= 1/ 0.10

= 10

Money can banks create if they lend out the remaining amount:

= Money multiplier × Amount of money

= 10 × $5 million

= $50 million

4 0
3 years ago
Last year the Perfection Logistics Company delivered a total of 3.1 million packages, during which they damaged 45,000 deliverie
Brums [2.3K]

Answer:

97%

Explanation:

Total number of packages delivered = 3,100,000packages

Imperfect orders are as follows;

Deliveries damaged = 45,000

Packages sent to wrong address = 28000

Late deliveries =20,000

Total packages not perfectly delivered = 45000+28000+20000

= 93,000packages

Percent of orders that are not perfectly delivered = Total packages not perfectly delivered/Total packages × 100%

Percent of orders that are not perfectly delivered = 93000/3,100,000 × 100

= 0.03× 100

= 3%

Percent perfect order = 100% - Percent of orders that are not perfectly delivered

Percent perfect order = 100%-3%

Percent perfect order = 97%

6 0
3 years ago
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