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3 years ago

Use the following information.

Business

1 answer:

mr Goodwill [35]3 years ago

8 0

Answer:

35.85 days

Explanation:

I suppose the question reads "What is the days' sales in receivables for 2010?"

To find the days' sales in receivables for 2010, use the following:

Days Sales in Receivales for 2010 = (Accounts Receivable in 2010 / Annual Sales) * 365

Where accounts receivable in 2010 from the information given is 940.

Annual sales = $9,570

Therefore,

Days Sales in Receivales for 2010 = $(\frac{940}{9570}) * 365$

= 35.85 days

The days' sales in receivables for 2010 is 35.85 days

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On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurre

marissa [1.9K]

Answer:

Assets = $ 55650

Liability =8300

Owner's equity=47350

Liability and Owner's equity.=8300 +47350=$55650

Explanation:

Using The basic equation we add the transaction to arrive at the actual amounts.

Assets = Liabilities + Owner's Equity

1. 50,000= 50,000

Cash +Assets = Liabilities + Owner's Equity

2. 35,800 +14,200= 50,000

Cash +Assets = Liabilities + Owner's Equity- Rent Expense

3) 33600+ 14200 = 50,000 - 2,200

Cash +Canoes = Liabilities + Owner's Equity- Rent Expense

4) 33600+ 14200+ 4900= 4900 + 50,000 - 2,200

Cash +Canoes = Liabilities + Owner's Equity- Rent Expense

5) 33600+ 19,100 + 3,400= 4900+ 3400 + 50,000 - 2,200

Cash +Canoes + Office Equip = Liabilities + Owner's Equity- Rent Expense

6) 33225+22500+ 375= 8,300 + 50,000 - 2,200

Cash +Canoes + Office Equip+ A/ R = Liabilities + Owner's Equity- Rent Expense

7) 33225+22500+ 375+ 1350 = 8,300 + 50,000 - 2,200+ 1350

Cash +Canoes + Office Equip+ A/ R = Liabilities + Owner's Equity- Rent Expense- drawings

8) 31425+22500+ 375+ 1350 = 8,300 + 50,000 - 2,200+ 1350-1800

We get

Cash = 31425

Kayak And Canoe 22500

Office Equipment= 375

Accounts Receivable= 1350

Accounts Payable = 8300

Capital less Drawings= 50,000- 1800= 48,200(850)= 47350

Revenue- Expenses = 1350 -2200= (850)

Assets = Cash +Kayak And Canoe +Office Equipment+ Accounts Receivable = 31425 +22500 + 375 +1350= $ 55650

Liability =8300

Owner's equity=47350

Liability and Owner's equity.=8300 +47350=$55650

6 0

3 years ago

Included in Sage Company’s December 31, 2020, trial balance are the following accounts: Prepaid Rent $5,870, Debt Investments (t

Sunny_sXe [5.5K]

Answer:

Step 1:

Start by setting it up with the divisor 20 on the left side and the dividend 16 on the right side like this:

2 0 ⟌ 1 6

Step 2:

The divisor (20) goes into the first digit of the dividend (1), 0 time(s). Therefore, put 0 on top:

2 0 ⟌ 1 6

Step 3:

Multiply the divisor by the result in the previous step (20 x 0 = 0) and write that answer below the dividend.

2 0 ⟌ 1 6

Step 4:

Subtract the result in the previous step from the first digit of the dividend (1 - 0 = 1) and write the answer below.

2 0 ⟌ 1 6

- 0

Step 5:

Move down the 2nd digit of the dividend (6) like this:

2 0 ⟌ 1 6

- 0

1 6

Step 6:

The divisor (20) goes into the bottom number (16), 0 time(s). Therefore, put 0 on top:

0 0

2 0 ⟌ 1 6

- 0

1 6

Step 7:

Multiply the divisor by the result in the previous step (20 x 0 = 0) and write that answer at the bottom:

0 0

2 0 ⟌ 1 6

- 0

1 6

Step 8:

Subtract the result in the previous step from the number written above it. (16 - 0 = 16) and write the answer at the bottom.

0 0

2 0 ⟌ 1 6

- 0

1 6

- 0

1 6

You are done, because there are no more digits to move down from the dividend.

The answer is the top number and the remainder is the bottom number.

Therefore, the answer to 16 divided by 20 calculated using Long Division is:

16 Remainder

Explanation:

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3 years ago

There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f

Softa [21]

Based on efficiency, the businesses that should cut hair are the A and C; moreover, to meet the demand, each firm will need to offer at least two haircuts.

The supply of a product or the units of a product that is offered to potential customers should always meet the number of real customers. In the same way, the price of the product should meet the price customers are willing to pay.

In this context, the best is that only firm A and C cut hair, this is because their prices per cut ($25 and $30) match the consumers' willingness to pay this includes Lorenzo ($35), Gilberto ($50), Juanita ($40) and Neha ($25).

Firm A can cut Neha's and Lorenzo's hair
Firm C can cut Gilberto's and Juanita's hair

Moreover, this implies each firm needs to do at least 2 haircuts to cover all the possible customers.

In the case of firms B and D, the price per cut is high ($40 - $45). Based on this, they should not cut hair as only a few customers can pay for this service, and this would be inefficient.

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2 years ago

1. Explain the concept of opportunity cost with an appropriate example.<br>

inn [45]

Answer:

Concept & example of Opportunity Cost

Explanation:

Opportunity Cost is the cost of next best alternative foregone, while choosing an alternative. This arises because of 'choice' problem, due to unlimited wants & limited resources - having alternative uses.

Eg : If I can have 2 chapatis or a bowl of rice. And, I eat a bowl of rice. Then, 'opportunity cost' of a rice bowl is - the next best available '2 chapattis' foregone for the former.

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3 years ago

Christie operates a small cookie business. what type of income does she earn? a. earned income b. unemployment income c. investm

faust18 [17]

So, the correct option is A (Earned income)

Small Business

Generally speaking, a small business is a privately held corporation, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business. In terms of being eligible for government assistance and advantageous tax treatment, the meaning of "small" differs by nation and sector. According to a set of criteria based on particular industries, the U.S. Small Business Administration determines what constitutes a small business.

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2 years ago