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Lynna [10]
3 years ago
11

Why might a customer prefer a discount over a sweepstake?

Business
1 answer:
yuradex [85]3 years ago
6 0
D because a discount is an upfront guaranteed incentive
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The mayor of Coast Town has determined that the best way to pay for the construction of a new library is to charge all residents
Gelneren [198K]
It should be c because the mayor calculate the revenue the beach generates based on the current level of visitation. Charging a fee will no doubt reduce the amount of non-resident visitor, affecting how long it takes for the beach revenue to cover the cost of construction of the new library
8 0
3 years ago
a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreci
alexgriva [62]

The completed question is

Statement of cash flows Forten Company, a merchandiser, recently completed its calendar-year 2019 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's balance sheets follow. 2019 2018 Assets Cash $ 49,800 $ 73,500 Accounts receivable 65,810 50,625 Inventory 275,656 251,800 Prepaid expenses 1.250 1.875 Total current assets 392,516 377.800 Equipment 157,500 108,000 Accum. depreciation Equipment (36.625) (46,000 Total assets $513.391 $439,800 Liabilities and Equity Accounts payable S53,141 $114.675 Short-term notes payable 10.000 6.000 Total current liabilities 63,141 120,675 Long-term notes payable 65.000 48.750 Total liabilities 128,141 169,425 Equity Common stock, $5 par value 162.750 150,250 Paid-in capital in excess of par, common stock 0 Retained earnings 185.000 120.125 Total liabilities and equity $513.391 $439.800 Additional Information on Year 2019 Transactions a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance. d. Borrowed $4,000 cash by signing a short-term note payable. e. Paid $50,125 cash to reduce the long-term notes payable. f. Issued 2,500 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $50,100. h. Depreciation expense was $ 20,750. i. Net income was $114,975. Required Prepare a complete statement of cash flows; report its operating activities using the indirect method. Disclose any noncash investing and financing activities in a note.

Explanation:

Statement of cash flow

Cash flows from operating activities

net income 114,975

Adjustments to reconcile net income to net

cash provided by operations:

Depreciation expense 20,750

loss on sale of Equipment 5,125

increase in account receivable -15185

increase in inventory -23856

Decrease in prepaid expense 625

Decrease in accounts payable -61534

net cash provided by operating activities 40,900

Cash from investing activities

cash from sale of Equipment 11,625

cash for purchase of Equipment -30000

Cash used fro investing activities -18,375

Cash from financing activities

Cash from short term notes payable 4,000

Cash paid for long term notes payable -50,125

Cash from stock issue 50000

paid cash dividend -50,100

Cash used for financing activity -46,225

Net decrease in cash -23,700

Cash at the beginning og the year 73500

Cash at year end 49,800

non cash financing and investing activity

purchase of equipment financed by long term notes payable 66375

4 0
3 years ago
​Boeing's decision to build​ 80% of its wing flap motors​ in-house is an example of which​ strategy? A. Unrelated diversificatio
ad-work [718]

Answer:

D) Backward integration

Explanation:

A backward integration strategy is a type of vertical integration where a company starts producing materials or components previously purchased from vendors. E.g. Boeing purchases its wing flap motors from a vendor, but if it decides to produce them themselves it will carry out a backward integration (upstream).

6 0
3 years ago
Which of the following best explains why buying a single-family home in a city
BartSMP [9]

Answer:

C. Housing prices in cities generally increase more quickly than

anywhere else.

Explanation:

An investment is an activity that leads to an increase in value or wealth.  A good investment is one that appreciates its value with a big percentage in a short period. Houses are always in demand in big cities. For this reason, their prices are ever appreciating.

Buying a single-family home in a city is a good investment decision because it is bound to appreciate in value. Should one decide to sell it later, they are highly likely to receive a much higher amount than they paid for it. The probability of making some good profits from the house is high.

8 0
3 years ago
Read 2 more answers
Why might a business person purchase a fidelity bond?
attashe74 [19]
D.to fund a new company
8 0
2 years ago
Read 2 more answers
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