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Tom [10]
3 years ago
5

cathy's customer base is 2/3 residential and 1/3 business . if she has 350 residential customers, how many total customers does

she have?
Business
1 answer:
Semenov [28]3 years ago
8 0

It is given that Cathy’s customer base consist of 2/3 residential and 1/3 business. It is also given the total number of residential customers is 350.

Find:

Total number of customers

Solution:

To get the total number of customers of Cathy, use the total number of residential customers which 350. 350 is equal 2/3 of the customer base.

350/2 = 175

175 x 3 = 525

<span>The total number of customer is 525.</span>

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In the Month of March, Digby Corporation received orders of 128 units at a price of $15.00 for their product Daze. Digby uses th
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Answer:

$1,290

Explanation:

The revenue to be recognized in march is dependent on if the revenue recognition criteria was met in march. These criteria are

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This is irrespective of whether cash was collected or not under the accrual method.

Given that Digby delivers 86 units in March at a price of $15.00, revenue to be recognized

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2 years ago
A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of?
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Consider Country (Z) with a GDP level of 210,000 and a growth rate of 5% in 2019 (i.e. calculated at the end of year 2019). The
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3 years ago
E16-4. On January 1.2013, when its $30 par value common stock was selling for $80 per share, Plato Corp. issued $10,000,000 of 8
coldgirl [10]

Answer:

A. Dr Cash Account $10,800,000

Cr To Bonds Payable $10,000,000

Cr To Premium Payable $800,000

B.Dr Bonds Payable account $3,000,000

Dr Premium on bonds payable Debited $2,700,000

Cr To Common Stock $7,500

Cr Additional paid in capital $5,692,500

Explanation:

(a) Preparation of the journal entry to record the original issuance of the convertible debentures

Dr Cash Account $10,800,000

Cr To Bonds Payable $10,000,000

Cr To Premium Payable $800,000

($10,000,000*8/100=$800,000)

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b.Preparation of the journal entry to record the exercise of the conversion option, using the book value method

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($3,000,000+$2,700,000-$7,500)

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Calculation for for BONDS CONVERTED

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Second step is to calculate the amortization for 2014

Amortization for 2014=$10,000,000/20

Amortization for 2014=$500,000

Third step is to Calculate the premium on bonds payable

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Premium on bonds payable=$9,000,000

Now let calculate the bonds converted

Bonds converted=$9,000,000×30/100

Bonds converted=$2,700,000

Calculation for COMMON STOCK

First step is to calculate the number of bonds

Number of bonds=$10,000,000/1000

Number of bonds=10,000

Second step is to calculate Price for the bond

Price for the bond=10,000×5

Price for the bond=50,000

Third step is to Calculate for Stock Split

Stock Split=50,000/2

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Calculation for BONDS PAYABLE

Bonds Payable=10,000,000×30/100

Bonds Payable=3,000,000

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