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BartSMP [9]
3 years ago
12

Broihan Corporation has the following purchases budget for the last half of 2002:

Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

b. $ 90,000.

Explanation:

Since the company pays half of the purchased amount at the time of purchase and the remainder in the following month. Cash disbursements in August are expected to be half of the amount purchased in July plus half of the amount purchased in August. Expected cash disbursements are:

E=\frac{100,000}{2}+ \frac{80,000}{2}\\ E=\$90,000

The answer is alternative b. $ 90,000.

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The objective of financial reporting include all of the following except to provide information that Group of answer choices is
Maslowich

Answer:

is useful to the IRS in assessing taxes to business entities.

Explanation:

The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

The objective of financial reporting include all of the following to provide information that:

1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.

2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends  or interest.

3. Is useful to creditors in making decisions about providing resources to business entities.

In conclusion, the financial report is not useful to the Internal Revenue Service (IRS) in assessing taxes to business entities.

8 0
3 years ago
If income increases by $100 and consumption increases by $75, the slope of the consumption function equals _____.
Rainbow [258]

Answer:

3/4

Explanation:

The marginal propensity to consume mpc, is the slope of the consumption function and it is what this question requires us to find

We have income increase to be = 100 dollars

Then consumption increase = 75 dollars

MPC = increase in consumption ,75/increase in income 100

= 75/100

= 3/4

Therefore the marginal propensity to consume also called the slope is 3/4

8 0
3 years ago
A faculty group wants to determine whether job rating (x) is a useful linear predictor of raise (y). Consequently, the group con
Studentka2010 [4]

Answer:

The answer is "D".

Explanation:

Since the value of b1 is negative, the regression line decreases as b1 increases

For a 1-point increase in an administrators rating, we estimate the administrators raise to decrease $2,000.

7 0
3 years ago
Glenn Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is the net co
Charra [1.4K]

Answer:

The correct answer is B

Explanation:

The net cost of goods is computed as if the paid in the discounting period:

Net Cost of goods = Inventory cost - (Inventory cost × Discounting percentage)

where

Inventory cost is $9,000

Discounting percentage is 2%

Putting the values above:

Net Cost of goods = $9,000 - ($9,000 × 2%)

Net Cost of goods = $9,000 - $180

Net Cost of goods = $8,280

Therefore, the amount of $8,280 will be paid by the company if paid within the discounting period and avail the discount of $180.

5 0
3 years ago
Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward
lora16 [44]

Answer:

C) in swap transactions where the trader is attempting to minimize currency exposure, the actual spot and outright forward rates are often of no consequence.

Explanation:

Swap transactions occur with negotiations based on the profitability of two goods, in relation to the profitability related to the value of a currency of a given location. As the currency value of these two goods can vary significantly, the traders involved in this process always seek to minimize currency exposure, as well as real cash rates. This gives space for bank brokers to use shortened laces notation, where future price predictions are considered.

3 0
3 years ago
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