Solution:
Accounts Payable $2900
Cash $2691
Inventory $209
Cleveland didn't pay during the discount period,
So the amount due is $2,700 - 450 = $2,250
Cash was charged in freight charges prior to delivery of the invoice.
Answer:
The correct answer is C: $20
Explanation:
Giving the following information:
Units= 50,000 shirts and blouses per month.
The cost of its factory, raw materials, and labor is $500,000.
Increase in production= 5,000
Additional labor and raw material expense of $100,000.
Cost per shirt= 100000/5000= $20 unit
Answer:
The maximum wage Allsion would be willing to hire Jim is $500 per a day.
Explanation:
Since Jim's appearance at the firm is estimated to create an additional revenue of $500 per day, for the firm to be profitable from hiring Jim to work for them, the additional cost incurred from hiring him - that is his salary, should not exceed $500 per a day.
Thus, the maximum wage the computer software company is willing to pay Jim is $500 per a day.
Answer: c. Ordinal
Explanation:
An ordinal variable is one where the variable is used to categorize data in a qualitative way which can be ordered and ranked. For instance, in the case of schooling, the levels are: elementary, high school and college. Graduates from each level can be ranked in relation to each other.
A research survey therefore that has outcomes such as Poor, Average, Good, Excellent is using ordinal variables because these are qualitative and can be ranked in relation to one another.
Answer:
subrogation clause
Explanation:
The subrogation clause establishes an insurance company's rights to collect the money it paid for an event relating to an insurance contract from the individual or business that was responsible for the event which resulted in loss, injury or damage to the insured.
In this case, Joe's title company has the right to collect the funds from the seller since it already paid a compensation to Joe. The whole purpose of having insurance is that your financial position is not affected by an unexpected event, but it is not meant to provide a profit for the insured.
