Why do you think banks and companies want to know if you have opened up any new credit accounts recently?

Free_Kalibri [48]

Answer: What type of nursing?

3 0

3 years ago

The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June

Mazyrski [523]

Answer:

D.) debit Supplies Expense. $5,500; credit Supplies, $5,500

Explanation:

First, let's talk about the amount.

On June 2 they purchased supplies worth $6,500 and recorded it as an ASSET. Debited on "Supplies" Account

Then on June 30, only $1,000 is on hand. That means that $5,500 worth of supplies must have been used (Solved as 6,500 less 1,000)

Now, the entry should reduce the "Supplies" Account since there were only $1,000 left. So it's correct to credit Supplies for $5,500 to reduce $6,500 into $1,000 worth.

The corresponding debit would consequently be "Supplies Expense" since $5,500 worth of supplies was used for the month.

3 0

3 years ago

A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with

maria [59]

Answer:

51,487.5

Explanation:

Calculation to determine the minimum guaranteed mileage should the manufacturer announce

Sinces no more than 4% of the tires will have to be replaced First step will be to determine the InvNorm(.96) using normal distribution table

InvNorm(100%-4%)

InvNorm(.96) = 1.75

Now let determine the minimum guaranteed mileage

Let x represent the Minimum guaranteed mileage

(2050*1.75)+47,900=x

x=3,587.5+47,900

x = 51,487.5

Therefore the minimum guaranteed mileage that the manufacturer should announce is 51,487

6 0

3 years ago

Dannon Co. reported its expenses of $35,200 on the cash basis. Corporate records revealed the following information: Beginning p

Elena-2011 [213]

Answer:

Explanation:

The computation of expense amount is shown below:

= Expenses - adjusted prepaid expense + adjusted accrued expense

= $35,200 - $500 - $450

= $34,250

The adjusted prepaid expense is computed by

= Ending balance of prepaid expense - beginning balance of prepaid expense

= $1,800 - $1,300

= $500

And, the The adjusted accrued expense is computed by

= Ending balance of accrued expense - beginning balance of accrued expense

= $1,200 - $1,650

= -$450

8 0

3 years ago

Select the correct answer. If a company produces, promotes, and sells bags made of recycled paper, which concept is it using? A.

igomit [66]

Answer:

If a company produces, promotes, and sells bags made of recycled paper, which concept is it using?

The concept used by the company that produces, promotes, and sells bags made of recycled paper is societal marketing concept

Explanation:

This concept simply entails running of a long term interest which does not only suits customers wants alone but also makes the priority of the company paramount.

4 0

3 years ago