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prohojiy [21]
3 years ago
12

The purchase of store equipment for cash reduces assets and owner's equity by an equal amount.

Business
1 answer:
irga5000 [103]3 years ago
5 0
False, increases assests
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DIA [1.3K]
The correct answer would be 2.)chain stores.
4 0
3 years ago
Read 2 more answers
Big Dom’s Pawn Shop charges an interest rate of 27 percent per month on loans to its customers. Like all lenders, Big Dom must r
Bad White [126]

Answer:

a. 324%

b. 16.61%

Explanation:

a. The computation of the APR is the annual rate of interest which is shown below:

= Interest per month × number of months in a year

= 27% × 12 months

= 324%

b. And, the  effective annual rate would be

=  (1 + interest rate per month) ^ Number of months in a year - 1

= (1 + 27%) ^ 12 -1

= 1.27 ^ 12 -1

= 17.6053 - 1

= 16.61%

7 0
3 years ago
Motorcycle Manufacturers, Inc. projected sales of 58,900 machines for the year. The estimated January 1 inventory is 6,090 units
julia-pushkina [17]

Answer:

60,120 units

Explanation:

The computation of the production units is shown below:

Production units = Projected sales units + ending inventory units - beginning inventory units

= 58,900 machines + 7,310 units - 6,090 units

= 60,120 units

We simply added the ending inventory units and deduct the beginning inventory units to the projected sales units so that the correct amount could come

5 0
3 years ago
The Wood Valley Dairy makes cheese to supply to stores in its area. The dairy can make 454 pounds of cheese per day (355 days pe
timurjin [86]

Answer:

$245,277

Explanation:

The dairy makes 454 pounds per day of which only 62 pounds is sold, thus the extra pounds of cheese per day are (454-62) = 392.

Now, the dairy operated 355 days a year, hence the annual cost of storage is,

(355 * 392) * $1.01 => $140,552.

Now the setup cost is $295 a day, so the annual would be,

(295 * 355) => $104,725.

Hence the minimum total annual costs will be = 140552+104725 = $245,277.

Hope I made myself clear.

Thanks

8 0
3 years ago
Consider the following information: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stoc
larisa [96]

Answer:

Bob Marley, Elvis Presley, Michael Jackson

Explanation:

you have to kill one, marry one, jump one

3 0
3 years ago
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