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3 years ago

Tom went to the store because ________ wanted to buy some milk.

Business

2 answers:

sergij07 [2.7K]3 years ago

7 0

Tom went to the store because HE wanted to buy some milk.

I hope this helps you!:-)

Snowcat [4.5K]3 years ago

5 0

Hey there,

Answer: The most suitable answer would be:

Tom went to the store because HE wanted to buy some milk

Hope this helps :D

<em>~Top</em>

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Montana Mining Co. (MMC) paid $200 million for the right to explore and extract rare metals from land owned by the state of Mont

Natalka [10]

Answer:

b. $14.7 million

Explanation:

In order to compute the asset retirement obligation, first we have to compute the expected cash flows which are shown below:

= Cash outflows × probability + Cash outflows × probability

= $10 million × 60% + $30 million × 40%

= $6 million + $12 million

= $18 million

Now the asset retirement obligation would be

= (Expected cash flows) ÷ (1 + interest rate)^ number of years

= ($18 million) ÷ (1 + 0.07)^3 years

= ($18 million) ÷ 1.225043

= $14.7 million

3 0

3 years ago

Spirit Company made sales of $ 38 comma 000 million during 2018. Cost of goods sold for the year totaled $ 17 comma 100 million.

ddd [48]

Answer:

Inventory TO 9

Gross profit percentage: 55%

Explanation:

Inventory Turnover

$\frac{COGS}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

COGS 17,100

beginning: 1,800

ending: 2,000

$$$Average Inventory=1,800 + 2,000)/2$

Average Inventory: 1900

$\frac{17,100}{1900} = $Inventory Turnover$

Inventory TO 9

Gross profit percentage:

$\frac{sales-COGS}{sales}$

$\frac{38,000-17,100}{38,000}$

Gross profit percentage: 0.55 = 55%

3 0

3 years ago

In determining the price for his company's new photo printer, Raymond is assessing the total cost of owning his printer as compa

yulyashka [42]

Answer:

Cost of ownership

Explanation:

The cost ownership includes other elements of cost associated with owning a product eg operating cost.

A common example that comes to mind is the ownership of a car, analysing the total cost of ownership would include cost of fueling and maintaining the car as compared to buying a new brand of car.

It takes someone with foresight to see the bigger picture and look at what the product's real value and cost is over time.

5 0

3 years ago

Read 2 more answers

Coronado Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $140,800 Allowance

-BARSIC- [3]

Answer:

a) Dr Bad Debt Expense $3,152

Cr Allowance for Doubtful Accounts $3,152

b) Dr Bad Debt Expense $7172

Cr Allowance for Doubtful Accounts $7172

Explanation:

A. Preparation of the journal entry to record bad debt expense assuming Coronado Company estimates bad debts at 4% of accounts receivable

Dr Bad Debt Expense $3,152

Cr Allowance for Doubtful Accounts $3,152

B. Preparation of the journal entry to record bad debt expense assuming Coronado Company estimates bad debts at 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,540 debit balance.

Dr Bad Debt Expense $7172

Cr Allowance for Doubtful Accounts $7172

Working

(a) Allowance for Doubtful Accounts = 4% × $140,800 = $5,632 (desired credit balance in allowance account)

$5,632 - $2,480 = $3,152

(b) Allowance for Doubtful Accounts = [(4% × $140,800) + $1,540] = $7172

6 0

3 years ago

When voluntary exchange takes place, both parties gain from the exchange.

Sliva [168]

True because both are learning something from each position they exchanged on

7 0

3 years ago