What did congress do to protect consumers from monopolies, false advertising, and dishonest labeling?

Tryst Energy Inc. has an average age of inventory of 65 days, an average collection period of 60 days and an average payment per

zzz [600]

Answer:

The $600,000 amount is required to financing so that the cash conversion cycle can be supported

Explanation:

For computing how much financing is required, first we have to compute the cash conversion payable which is shown below:

Cash conversion cycle = Average age of inventory + Average collection period - average payment period

= 65 + 60 - 65

= 60 days

Now, we have to apply the financing formula which is shown below:

= Firm total annual outlays for operating cycle investment × cash conversion cycle ÷ total number of days in a year

= $3,650,000 × 60 days ÷ 365

= $3,650,000 × 0.16438

= $600,000

Hence, the $600,000 amount is required to financing so that the cash conversion cycle can be supported

4 0

3 years ago

The following classification scheme typically is used in the preparation of a balance sheet:

agasfer [191]

Answer:

Long-term Receivables: Other Assets

Accumulated Amortization: Intangible Assets

Current maturities of long-term debt: Current Liabilities

Notes payable (short-term): Current Liabilities

Accrued payroll taxes: Current Liabilities

Leasehold improvements: Property, Plant and Equipment

Retained earnings appropriated for plant expansion: Retained Earnings

Machinery: Property, Plant and Equipment

Donated capital: Contributed Capital

Short-term investments: Current Assets

Deferred tax liability (long-term): Long-term Liabilities

Allowance for uncollectible accounts: Current Assets

Premium on bonds payable: Long-term Liabilities

inventory: Current Assets

Additional paid-in capital: Contributed Capital

8 0

3 years ago

If the inverse demand curve P = 180 – Q and the marginal cost is constant at $20, how does charging the monopoly a specific ta

german

Answer:

$65

Explanation:

The inverse demand function is as follows:

P = 120 - Q

TR = 120Q - Q²

$MR = \frac{dTR}{dQ}$

MR = 120 - 2Q

The marginal cost is constant at $10.

The profit maximizing point is where MR = MC

MR = MC

102 - 2Q = 10

Q = 55

P = 120 - Q = $65

check additional details in the attached files

4 0

4 years ago

Justin, age 66, paid $6,000 in qualified medical expenses in 2019 and took an $8,000 Archer MSA distribution during the year. Wh

Triss [41]

Answer:

No tax penalty will apply with respect to the excess distribution

Explanation:

Data provided in the question:

Age of Justin = 66 years

Qualified medical expenses in 2019 = $6,000

Archer MSA distribution taken during the year = $8,000

Now,

No tax penalty applies to with respect to the excess distribution for an individual whose age is over 65 years on the records.

Here,

The age of Justin is 66 years i.e over 65 years.

hence,

No tax penalty will apply with respect to the excess distribution

4 0

3 years ago

Lupe's recorded balance was off by $43, and she thinks that it’s because she made a mistake in her records. What mistakes did sh

nataly862011 [7]

Answer:

In the wrong column, Lupe recorded her paycheck. She had forgotten to report one of her purchases too.

Explanation:

As we can see in the picture that Lupe recorded her paycheck in the wrong column.

Moreover, She had forgotten to report one of her purchases too.

By this mistake, Lupe recorded balance was off by $43 and she thinks the same that she made a mistake while recording the transactions with respect to purchasing, deposits, paycheck, etc

4 0

4 years ago

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