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1 year ago

5

If joe and mary smith have money market accounts of $100,000, real estate holdings of $300,000, loans of $25,000, and investment

s of $10,000, what would their total assets be?

1 answer:

kirill115 [55]1 year ago

7 0

Answer:410,000

Explanation: 100000+300000+10000

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Type: Newspaper Article

mamaluj [8]

The best answer choice is D.

5 0

3 years ago

During 2018, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2018, cash

ASHA 777 [7]

The adjustment for noncollectable accounts on December 31, 2018:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

Explanation:

In Pave Construction, 2018 is the first year of operations. The company provides services on account of $152,000.

By the end of 2018, cash collections on these accounts total $106,000.

At the end of 2018, Accounts Receivable (the uncollected accounts) has debit balance of $46,000 ($152,000 - $106,000 = $46,000)

Pave estimates that 30% of the uncollected accounts will be bad debts

Bad Debts Expense = 30% x $46,000 = $13,800

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

3 0

3 years ago

Restaurant A uses 60 bags of tomatoes each month. The tomatoes are purchased from a supplier for a price of $80 per bag and an o

ch4aika [34]

Answer:

Explanation:

D = 60 bags

cost = 80 / bag

s = 20 / order

h = 40% of cost

0.4 * 80 / 100

h= 32 unit/year

D = d * 12 months

D = 60 * 12

D = 720 bags / year

EOQ = $\sqrt{2DS/H}$

EOQ = $\sqrt{2 *720*20/32}$

EOQ = 30 bags

Total cost = Total holding cost + total ordering cost

Total holding cost = (Q/2 * H) = (30/2 * 32) = 480

Total ordering cost = (D/Q * 20) = (720/30 *20) = 480

Total cost = 480 + 480 = 960

Total purchasing cost = cost * D = 80 * 720 = 57.600

Percentage= total cost / total purchasing cost * 100

960 / 57.600 * 100

1.67 %

6 0

3 years ago

Select the items from this list that are examples of misconceptions.

Mamont248 [21]

All of them. Trust me :)) I read that whole chapter in that first section

3 0

4 years ago

Elaborate on two instances at the workplace where "silence is golden " may be applicable.

andrey2020 [161]

Answer:

"Silence is golden" teaches that it is not everytime that somebody must say something. At times, it is better to keep quiet and listen to others and the environment instead of talking meaninglessly.

At the workplace, it is better to apply this "silence is golden" rule instead of asking or making unrelated questions or comments. Relevance is important in communication. Off-handed revelations can be offsetting and can damage one's character, if left unchecked. If you want to ask a question in any situation, please ensure that the question is related to the topic under discussion. If you want to make a comment during departmental meetings, first make the comment in your head and evaluate its relevance to the subject being discussed. After your evaluation, you may discover it was not necessary to ask the question or make the comment, then withdraw it. Do not fall into the habit of asking irrelevant questions or making unnecessary comments because you want your voice to be heard. We learn more from listening to others than from talking.

Another instance were "silence is golden" is when you are under emotions. Hold yourself in check at such moments and do not allow yourself to ask questions or make comments that will hurt the feelings of those around you. Some people are sentimental and will not appreciate nor excuse such remarks. Hold your tongue. Cry if you must, but do not voice out your emotions without control. People do not easily forget such remarks even though they realize that you were emotionally charged. Let your peace reign in your heart.

Explanation:

A workplace is not the most appropriate place to voice out some thoughts. You must recognize your purpose of being there in the first instance: to work and earn a living. So, simply do that. Do not be known as a talkative.

3 0

3 years ago