Answer:
This makes you the debtor. When you receive money whether it is in the form of a cheque or cash in hand, you are the debtor because money is being debited (or out into your bank account).
Answer:
c.45%
Explanation:
The Formula for return on sales=Operating profit/Net Sales
Sales=$2,000
Less:
Cost of Goods Sold $ (1,100)
Operating profit $900
Return on sales=$900/$2,000=45%
It should be noted that in many cases to reach out on operating profit, the operating expense are also deducted from operating profit for the sake of this formula. In that scenario the correct answer would have been 10% return on sales i.e $900-$700=$200/$2,000=10%
As the 10% option is missing in MCQ, therefore 45% is selected
Answer:
D) A credit to Other Financing Sources for $5,000
Explanation:
Since cash is received, you must record the $15,000 in the cash account. The accumulated depreciation account must be closed, and since accumulated depreciation has a credit balance, it is closed by debiting it. Equipment is an asset account with a debit balance and it also must be closed, ans you do that with a credit.
Other financing sources is used to record non-revenue items such as proceeds from loans, leases, sales of bonds or notes, insurance recoveries, etc., not the sale of assets.
Answer:
a)
economic order quantity (EOQ) = √(2SD/H)
- S = order cost = 65
- D = annual demand = 14,000
- H = holding cost = 3.75
EOQ = √[2 x 65 x 14,000) / 3.75] = 696.66 ≈ 697 units
b)
if demand increases to 28,000, then:
EOQ = √[2 x 65 x 28,000) / 3.75] = 985.22 ≈ 985 units
Answer:
The correct answer is publisher.
Explanation:
The concept of editor includes that person or company, such as an editorial, which is dedicated to editing works or other publications, such is the case of journalistic, among the most recurrent, the publication of books and magazines.
This task constitutes a very important industry in almost all the countries of the world and has a very relevant cultural function, since in addition to of course being an economic business for those who participate directly in it, authors, publishers, sellers, through it The information is set in motion so that it reaches the interested public and in this way it can know more or educate itself about a certain science or topic.
