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Fantom [35]
3 years ago
5

​in a simple economy of five producers and five consumers, there would be ____ transactions possible without an intermediary and

____ transactions possible with one intermediary.
Business
1 answer:
My name is Ann [436]3 years ago
8 0
<span>​in a simple economy of five producers and five consumers, there would be twenty-five transactions possible without an intermediary and ten transactions possible with one intermediary.</span>
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At the beginning of the current season on April 1, the ledger of Kokott Pro Shop showed Cash $3,800; Inventory $4,300; and Commo
KIM [24]

Answer:

Explanation:

1. Journal entries for the month of April 2017

Apr.5

Dr Inventory 1300

Cr Accounts Payable  1300

(Purchase of goods on account from Hogan)  

Apr.5

Dr Inventory 50  

Cr Cash  50

(Freight charges on purchases)  

Apr.9

Dr Accounts Payable 100  

Cr Inventory  100

(Credit received for returned goods from Hogan)  

Apr.10

Dr Accounts Receivable 880  

Cr Sales  880

(Sales of goods on account)  

Apr.12

Dr Inventory 750  

Cr Accounts Payable  750

(Purchase of goods on account from Duffer)  

Apr.14

Dr Accounts Payable 1200  

Cr Cash  1176

Cr Inventory  24

(Payment made to Hogan in full)  

Apr.17

Dr Accounts Payable 50  

Cr Inventory  50

(Credit received for returned goods from Duffer)  

Apr.20

Dr Accounts Receivable 880  

Cr Sales  880

(Sales of goods on account)  

Apr.21

Dr Accounts Payable 700  

Cr Cash  693

Cr Inventory  7

(Payment made to Duffer in full)  

Apr.27

Dr Sales 30  

Cr Accounts Receivable  30

(Credit granted to customers for flaws in goods)  

Apr.30

Dr Cash 850  

Cr Accounts Receivable  850

(Payment received from custmers on account)

2. T accounts calculation is attached with this answer

3. KOKOTT PRO SHOP

Trial balance as at April 30, 2017

Account                      Debit            Credit

Cash                      2731  

Accounts Receivable  6219  

Inventory               880  

Common Stock                       8100

Sales                                       1730

T o t a l                       9830              9830

4. KOKOTT PRO SHOP

Income statement for the month ending April 30, 2017

Sales Revenue 1730

Cost of goods sold (6,219 - 5,469) 750

Gross profit 980

Download xlsx
3 0
2 years ago
Think of a business idea that offers opportunity for customer credit. Assuming that you want to adopt this idea, what criteria w
mezya [45]

Answer:

an example for a company that offers back customers credit is Jimmy Johns, they have online rewards that you can sign up with you or phone number or online to earn points for your meals. When you sign up they promote you to go buy a sandwich for your first free sandwich, after that every time you come back and buy something you will be racking up points for free things like sandwiches, chips, cookies, pickles, and drinks.They also have special offers like on your birthday you get a free sub (and after you sign up).  If I wanted to do something similar with my business I make would make a rewards systems where you earn points for discounts.

Explanation:

Identify a business idea with which you can proceed. For example, you start a business that designs and creates landscaping for customers (front garden space, back patio, and so on).

This type of business provides opportunity for consumer credit, as most people would not want to pay a huge amount upfront in cash or even through credit cards.

Since the only other way is to offer credit facility, you will have to make a list of questions. You will then have to research the customer’s credit worthiness.

Check for the customer’s credit rating with the credit- and information-management companies, such as TransUnion or Equifax.

Check for the customers’ current financial positions. You can do so by finding out whether they have a secure job or a well-performing business, number of earning members in the family, and so on.

Depending on the information you acquire, you may decide either to offer complete credit, with a relatively shorter credit period, or only offer a certain percentage of credit spread across a wider credit period.

7 0
3 years ago
According to Mercutio, what is the "real" Romeo like? whiny, moping outgoing, witty, and sociable complex, intelligent, and deep
Mumz [18]
The following choices are:

A. whiny, moping 
<span>B. outgoing, witty, and sociable </span>
<span>C. complex, intelligent, and deeply sensitive </span>
<span>D. businesslike and straightforward
</span>
The correct answer is letter B. outgoing, witty and sociable. Mercutio himself likes the Romeo who is Romeo compared for the ones that is pined Rosaline.

<span> </span>

5 0
3 years ago
If $1000 is invested at 6% interest, compounded annually, then after n years the investment is worth an
Temka [501]

Answer:

Results are below.

Explanation:

Giving the following information:

Initial investment= $1,000

Annual interest rate= 6% = 0.06

Number of periods= n

<u>To calculate the future value after "n" periods, we need to use the following formula:</u>

FV= PV*(1+i)^n

<u>For example:</u>

n= 6 years

FV= 1,000*(1.06^6)

FV= $1,418.52

6 0
2 years ago
Three years ago, James Matheson bought 300 shares of a mutual fund for $23 a share. During the three-year period, he received to
pochemuha

Answer:

1350

Explanation:

(300 x 0.70) + (300 x 0.80) + (300 x 26)

= 210+240+7800

=8250

8250- (300 x 23)

8250-6900 = $1350

Therefore his total return for this investment is 1350

7 0
3 years ago
Read 2 more answers
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