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Phoenix [80]
3 years ago
14

A company collected $10,000 cash from a customer as a deposit for goods that will be shipped next quarter.

Business
2 answers:
Sholpan [36]3 years ago
8 0

Answer:

(A) Total assets,

(C) Cash from operations and

(D) Total liabilities

Explanation:

A company collecting $10,000 cash from a customer as a deposit for goods that will be shipped next quarter is an example of an unearned revenue. It is receiving money from the customer in advance for the good or service yet to be provided.

And this is considered as a liability and recorded in the balance sheet as such because the company now owes the customer.

When the good or service is now provided, it increases the total assets.

babunello [35]3 years ago
6 0

Answer:

The answer are:

a) Total Assets

c) Cash from Operations

e) Total Liabilities

Explanation:

The entry for the transaction is:

Dr Cash                                  10,000

Cr Unearned Revenue         10,000

As Cash has been increased by $10,000, the Total Asset will increase by the same amount ( because Cash Account is an asset account) and Cash from Operations will also increase by $10,000 because this receipt is from the result of the company normal business transaction.

As Unearned Revenue which is a Liability Account because good and services has not be delivered, increases by $10,00; total Liabilities will also increase by $10,000.

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Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-
cluponka [151]

Answer:

d. 44%

Explanation:

Calculation to determine what DTI ratio is

First step is to calculate the Debt

Using this formula

Debt = (Rent expense + Carr payment + Loan + Credit card payment) × Number of months in a year

Let plug in the formula

Debt =[($695 + $265 + $200 $160) × 12 months]

Debt= $1,320 × 12 months

Debt = $15,840

Now let calculate DTI ratio using this formula

Using this formula

Debt to income ratio = (Debt) ÷ (Income) × 100

Let plug in the formula

DTI ratio=[ ($15,840 ÷ $36,000) × 100]

DTI ratio=0.44*100

DTI ratio= 44%

Therefore DTI ratio is 44%

6 0
3 years ago
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If consumers feel that the price of ice cream is so low that there must be something wrong and do not buy it then this is an exa
Anna11 [10]

Answer:ice cream is the best always buy it_-_

Explanation:

5 0
2 years ago
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Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make
shusha [124]

Answer:

Tennis racquet cost is $76.71   per unit

Badminton racquet cost is $73.67    per unit

Price of badminton racquet  at 30% mark-up is  $95.77  

Explanation:

I calculated the cost of each racquet  as well as their prices in the attached excel file.

I started I added all prime costs(direct materials plus direct labor costs) to overhead costs.

After  having arrived at total manufacturing costs, I divided them by volume of each product to arrive at cost per unit.

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Download xlsx
5 0
2 years ago
1. List three ways to get money OUT of your checking account.<br> CÓ<br> a<br> b.<br> C.
sammy [17]

Answer:

See below

Explanation:

A checking account is held at a financial institution. It allows the account holder to deposit or withdraw money as many times as they wish.

Money in a checking account can be gotten out or withdrawn in the following ways

  • Withdraw over the counter at the bank premises.
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Other ways include;

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5 0
2 years ago
Outsourcing critics contend that shifting responsibility for performing value-chain activities to outside specialists :
solong [7]

Answer: B.can hollow out a company's knowledge base and capabilities, leaving it at the mercy of outsider suppliers, and short of the resource strengths to be a master of its own destiny.

Explanation: Outsourcing is simply defined as the transfer of a business function to an external service provider. While it can be extremely profitable to a company as it helps to heighten its strategic focus and thus allocate its full energies and resources on competently performing activities that are at the core of its strategy and for which it can create unique value, outsourcing critics however believe that shifting responsibility for performing value-chain activities to outside specialists can hollow out a company's knowledge base and capabilities. This they propose leaves the company at the mercy of outsider suppliers, and with inadequate resource to be able to achieve its missions and goals.

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