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3 years ago

What is the change due if a $5 bill is tendered for a charge of $4.21?

Business

1 answer:

never [62]3 years ago

3 0

What is the change due if a $5 bill is tendered for a charge of $4.21?

A.0.79

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The Donaldson Furniture Company produces three types of rocking chairs: the children's model, the standard model, and the exe

Nataly_w [17]

Answer:

Children's model = 7

Standard model = 9

Executive model = 13

Explanation:

Let a = number of children's model

b= number of standard model

c = number of executive model

According to the question given, the time allocation is as follows;

Cutting; a = 5 hr b = 4hr c = 7hr, Maximum hours = 162 hours

Construction; a = 3 hr b = 2hr c = 5hr, Maximum hours = 104 hours

Finishing; a = 2 hr b = 2hr c = 4hr, Maximum hours = 84 hours

We can therefore derive the equations.

5a + 4b + 7c = 162 (i)

3a + 2b + 5c = 104 (ii)

2a + 2b + 4c = 84 (iii)

Subtracting (iii) from (ii), a + c = 20, a = 20 - c (iv)

Substituting (iv) into (ii)

60 - 3c + 2b + 5c = 104

2b + 2c = 44 (v)

Substituting (iv) into (i)

100 - 5c + 4b + 7c = 162

4b + 2c = 62 (vi)

Subtracting (v) from (vi), we have

2b = 18; b = 9

Since b + c = 22,

c =22 - 9 = 13

Also, a + c =20

a = 20 - 13 = 7

4 0

3 years ago

An HR manager asked every candidate during an interview to describe a situation in the past in which they had to display their l

Komok [63]

Answer:

Situational interview.

Explanation:

In this scenario, an Human Resource (HR) manager asked every candidate during an interview to describe a situation in the past in which they had to display their leadership abilities even though they were not a formal leader, discuss what they did, and describe the result. This is an example of situational interview.

Situational interview can be defined as the process in which job applicants are made to describe or narrate how they acted in the past in a circumstance or conflict situation and how they were able to overcome the challenges.

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3 years ago

Monetarists believe that in the short run a change in the money supply can affect _______________________, while in the long run

gregori [183]

According to monetary policies, in the short run a change in money supply will affect interest rates: an increase in money supply can decrease interest rates and a decrease in money supply can increase interest rates. In the long run, a change in money supply is more concerned with the effect in price level of the economy.

7 0

3 years ago

Raw Materials Inventory, beginning to balance $36,000

lesya692 [45]

Answer:

1. Journal Entry Debit Credit

Raw materials inventory $73,400

($72,000 + $1,400)

Accounts payable $73,400

(Being raw materials purchase on credit)

2. Journal Entry Debit Credit

Work in process $64,300

($64,000 + $300)

Raw materials inventory $64,300

Raw Material Inventory Account

Beginning balance $36,000 | Work in process $64,300

Purchase $73,400 |

| Ending balance $45,100

| ($36,000 + $73,400 - $64,300)

3 0

3 years ago

Shockglass Company had a beginning inventory of $15,000. During the year, the company recorded inventory purchases of $45,000 an

Otrada [13]

Answer:

A. $10,000

Explanation:

We know that :

cost of goods sold = opening inventory + purchases - ending inventory

hence,

Ending Inventory = opening inventory + purchases - cost of goods sold

therefore,

Ending Inventory = $15,000 + $45,000 - $50,000

= $10,000

The ending inventory must equal: $10,000

8 0

3 years ago