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4 years ago

Economically valuable materials such as diamonds, tin, and platinum are associated with which ocean floor resource?

Business

2 answers:

Dimas [21]4 years ago

4 0

ANSWER )
sand and gravel is the correct answer

solmaris [256]4 years ago

3 0

<span>Economically valuable materials such as diamonds, tin, and platinum are associated with sand and gravel.
There is no way that oil and natural gas, evaporative salts, and manganese nodules affect the creation of diamonds, platinum and tin, whereas sand and gravel do. The formation of sand and gravel is quite important for the "birth" of these materials, given that they need suitable conditions to form.
</span>

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On september 12, vander company sold merchandise in the amount of $7,600 to jepson company, with credit terms of 2/10, n/30. the

densk [106]

If Vander Company uses the periodic inventory system and the gross method of accounting for sales, the <u>journal entry</u> on September 12 is as follows:

<h3>Journal Entry:</h3>

September 12:

Debit Accounts Receivable $7,600

Credit Sales Revenue $7,600

To record the sale of goods with credit terms of 2/10, n/30.

<h3>What is a periodic inventory system?</h3>

A periodic inventory system does not record the cost of goods sold or maintain an inventory account for inventory transactions until the end of the period.

Under the periodic inventory system, the cost of goods sold is determined in the income statement as the beginning inventory + purchases - ending inventory.

Thus, there are no accounts for the cost of goods sold and inventory because inventory purchased is recorded in the purchases account instead of the inventory account.

<h3>Transaction Analysis:</h3>

Accounts Receivable $7,600 Sales Revenue $7,600

Terms 2/10, n/30.

Thus, if Vander Company uses the periodic inventory system and the gross method of accounting for sales, the <u>journal entry</u> is a <u>debit</u> to the Accounts Receivable account and a <u>credit</u> to the Sales Revenue account for the credit sales only.

Learn more about recording sales transactions at brainly.com/question/25347238

8 0

2 years ago

_____ makes the greatest use of custodial treatment, incarcerating 672 delinquents in juvenile facilities per 100,000 juveniles

myrzilka [38]

Answer:

South Dakota

______________________________________________________

South Dakota does, in fact make the greatest use of custodial treatment, incarcerating 672 delinquents in juvenile facilities per 100,000 juveniles in the population.

______________________________________________________

Hope this helps!

3 0

4 years ago

Foreign currencies are traded:

pychu [463]

Answer: over the counter

Explanation: In simple words, over the counter markets are the platform in which the securities like foreign exchange are traded without any supervision. There is no monitoring authority in such markets as opposed to the structure of stock exchanges.

Foreign currencies are traded in over the current markets as these are highly fluctuating in values and the margins are very low in trading such securities. Therefore, to pay a mediator is not feasible while dealing in foreign currencies.

Hence from the above we can conclude that the correct answer is option B.

7 0

4 years ago

On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at t

ss7ja [257]

Answer and Explanation:

The amortization schedule is presented below:

Date Cash Interest expense Amortization Balance

A B C = (A - B)

January 1, Year 1 $58,998

End of Year 1 $3,944 $3,717 $227 $58,771

E = D - C

End of Year 2 $3,944 $3,702.573 $241 $58,530

End of Year 3 $3,944 $3,687.39 $257 $58,273

End of Year 4 $3,944 $3,671 $273 $58,000

Working notes:

For computing the missing amount first we have to find out the interest expense rate which is

= $3,717 ÷ $58,998

= 6.30%

For year 2,

The interest expense is

= $58,771 × 6.30%

= $3,702.573

For year 3,

The interest expense is

= $58,530 × 6.30%

= $3,687.39

4 0

4 years ago

The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because th

Mila [183]

Answer: Diversifies risk

Explanation:

The main purpose of having a portfolio is to be able to diversify risk so that a total loss is not made if things do not go well. As such, well diversified portfolios are able to reduce their unsystematic risk.

Individual stock on the other hand, cannot be diversified and so have unsystematic risk which makes their standard deviations(risk) higher.

6 0

4 years ago