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BabaBlast [244]
3 years ago
7

Smith Jewelry Store sells 20 pieces of jewelry per day at an average price of $20 per piece. Assume Smith’s cost for the jewelry

is 55% of the selling price it charges retail customers. There is no beginning inventory, but Smith wants to have a 7 day supply of ending inventory. Assume the selling and administrative expenses are $400 per day. What is Smith Jewelry Store’s budgeted sales for the month (30 days)?
Business
1 answer:
Ipatiy [6.2K]3 years ago
3 0

Answer:

$12,000

Explanation:

Take 20 pieces $20 average price per piece 30 days

= $12,000 expected sales for the month

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If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the result
Anna [14]

Answer:

d. The price will stay the same, but the quantity will increase.

Explanation:

When the demand and supply both fall, the equilibrium quantity will definately fall but the price will remain the same. The new supply adapts to the reduction of the demand.

6 0
3 years ago
Green Day Corporation has outstanding 411,800 shares of $10 par value common stock. The corporation declares a 10% stock dividen
kramer

Explanation:

The journal entries are shown below:

a. Retained earning A/c Dr $3,047,320

                   To Paid-in capital in excess of par A/c $2635,520

                    To Common stock dividend distributable A/c  $411,800

(Being the date of declaration  is recorded)

It is computed below:

For retained earning

= 411,800 shares × $74 × 10%

= $3,047,320

For common stock, it is

= 411,800 shares × $10 × 10%

= $411,800

b. Common stock dividend distributable A/c Dr $411,800

                   To Common stock A/c $411,800

(Being the date of distribution is recorded)

7 0
3 years ago
According to the law of​ demand, quantity demanded decreases as​ ________, ceteris paribus.
vekshin1
D is the answer :3333
4 0
3 years ago
Sheffield Company discovered the following errors made in January 2022.
Tasya [4]

Answer:

A)

1. Dr Cash 400

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Dre Wages expense 400

    Cr Cash 400

2. Dr Service revenue 550

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    Cr Service revenue 5,500

3. Dr Accounts payable 260

    Cr Equipment 260

Dr Equipment 620

    Cr Accounts payable 620

B)

1. Dr Wages expense 400

    Cr Equipment 400

2. Dr Cash 4,950

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4 0
3 years ago
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Answer:

A)Interest-rate effect

B)Real-balances effect

Explanation:

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As a result of an increase in the price level, the cost of borrowing increases, which causes people to buy fewer cars.

✓ In economics, real balance effect can be regarded as "Pigou effect" which can be regarded as stimulation of output as well as employment which is been caused as a result of increased consumption through a rise in real balances of wealth, especially during time of deflation. Instance of this is

When the price level decreases, restaurants become busier as more people purchase restaurant meals.

3 0
3 years ago
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