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3 years ago

commitments to make or receive payments in the future are made easier by money's function as a _____.

1 answer:

3 0

The commitments that are made or receive in the future that are made easier by money function if the money’s functions as a store value. Being a store value is meant to save assets in which they are deemed to be precious because of their value.

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Mark agrees to buy dale's one-half-ton truck so that he can pull his trailer. both mark and dale believe that the truck is large

Pavel [41]

The contract between both of them is rescinded because of mutual mistake. It is because Mark and Dale, the parties of the contract, are both made a mistake about the estimation of the size of the truck. Although Dale and Mark have meeting of minds which is considered the contract to be valid but both they have made mistake, therefore, the contract is voidable.

7 0

3 years ago

Read 2 more answers

The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 524,000 Direct l

Katyanochek1 [597]

Answer:

Cost of Goods Available Sold $ 265,000

Adjusted Cost of Goods Sold $ 255,000

Net Income $ 66,000 

Explanation:

 Mason Company: 

Cost Of Goods Schedule

Inventories Beginning Raw materials $ 7,000

Raw material purchases $ 118,000

Inventories Ending Raw materials $ 15,000

Direct Materials Used $ 110,000

Direct labor cost $ 70,000

Manufacturing overhead applied to work in process $ 90,000

Total Manufacturing Costs $ 270,000

Add Work in process Inventories Beginning $ 10,000

Cost of Goods Available For Manufacture $ 280,000

Less Work in process Inventories Ending $ 5,000

Cost of Goods Manufactured $ 275,000

Add Finished goods Inventories Beginning $ 20,000

Cost of Goods Available For Sale $ 295,000

Less Finished goods Inventories Ending $ 35,000

Cost of Goods Available Sold $ 265,000

Mason Company:

Cost Of Goods Schedule Adjusted

Inventories Beginning Raw materials $ 7,000

Raw material purchases $ 118,000

Inventories Ending Raw materials $ 15,000

Direct Materials Used $ 110,000

Direct labor cost $ 70,000

Manufacturing overhead applied to work in process $ 90,000

Total Manufacturing Costs $ 270,000

Add Work in process Inventories Beginning $ 10,000

Cost of Goods Available For Manufacture $ 280,000

Less Work in process Inventories Ending $ 5,000

Cost of Goods Manufactured $ 275,000

Add Finished goods Inventories Beginning $ 20,000

Cost of Goods Available For Sale $ 295,000

Less Finished goods Inventories Ending $ 35,000

Cost of Goods Available Sold $ 265,000

Less Over Applied Overhead $ 10,000

Adjusted Cost of Goods Sold $ 255,000

Over applied overhead is deducted to get the actual Cost of Goods Sold.

Mason Company:

Income Statement

Sales $ 524,000

Less

Adjusted Cost of Goods Sold $ 255,000

Gross Profit $ 269,000

Less Selling expenses $ 140,000

Administrative expenses $ 63,000

Net Income $ 66,000 

5 0

3 years ago

Sarah has created a presentation to convince the executives at Sit Happens dog care, a regional chain of full service dog boutiq

ziro4ka [17]

Answer:

Answer is B. She should use 28-point fonts for titles and 18-point fonts for body text.

Refer below.

Explanation:

Sarah has created a presentation to convince the executives at Sit Happens dog care, a regional chain of full service dog boutiques, to include behavioral training in employee interactions with canine clients. It hits every mark but one: it is difficult to visually distinguish key points from the rest of the slides. As a trusted colleague, the suggestion beloe might you give her to improve her presentation for ease of processing:

She should use 28-point fonts for titles and 18-point fonts for body text.

6 0

3 years ago

Read 2 more answers

Assume the market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and

Gnesinka [82]

Answer:

b. 116

Explanation:

The calculation of Consumer Price Index is shown below:-

CPI = ((Base year basket quantities × current year price) ÷ (Base year basket quantities × Base year prices)) × 100

= ((50 × $1.50) + (100 × $1.10)) ÷ ((50 × $1.20) + (100 × $1.00)) × 100

= (185 ÷ 160) × 100

= 115.6

0r 116

So, for computing the consumer price index for 2018 we simply applied the above formula.

3 0

3 years ago

Define interest rates and explain how they have changed since March 2020. What impact have these changes had on businesses?

Masja [62]

Answer:

When interest rates change, there are real-world effects on the ways that consumers and businesses can access credit to make necessary purchases and plan their finances. It even affects some life insurance policies. This article explores how consumers will pay more for the capital required to make purchases and why businesses will face higher costs tied to expanding their operations and funding payrolls when the Fed changes the interest rate. However, the preceding entities are not the only ones that suffer due to higher costs, as this article explains.

Explanation:

5 0

3 years ago

​commitments to make or receive payments in the future are made easier by money's function as a _____.

commitments to make or receive payments in the future are made easier by money's function as a _____.