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2 years ago

Which is the correct way to write $450.05 in words on a check?

2 answers:

8 0

According to the regulations in the united states, the correct way to write
$ 450.05 in words on check would be :

Four hundred fifty and 05/100

hope this helps

Anton [14]2 years ago

4 0

Which is the correct way to write $450.05 in words on a check?

Answer: The correct way to write the number shown above in words on a check is the following: Four Hundred Fifty and 05/100.

I hope it helps, Regards.

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Samson Corporation sold the following during the year: Two delivery trucks purchased in March 2016 for $78,000 are sold in June

Marta_Voda [28]

Answer:

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

Explanation:

As for the provided information we have,

Sale of Trucks within a few months, as purchased in March and sold in June, therefore,

Sale price - Carrying value = $70,000 - $78,000 = -$8,000

Therefore, it is short term capital loss

Sale of land which is 5 years old, therefore, it will be long term.

Sales price - Carrying value = $400,000 - $80,000 = $320,000

Long term capital gain = $320,000

Machines are old and now depreciated, thus it will be long term

Sale price - carrying value = $75,000 - $200,000 = - $125,000 Long term capital loss

Building purchased 8 years ago will be long term in nature, therefore,

Sale price - carrying adjusted basis = $425,000 - $300,000 = $125,000 Long term capital gain.

Final Answer

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

7 0

2 years ago

Variable $100,000 $ 25,000 Fixed 150,000 75,000 Total $250,000 $100,000 What is the initial selling price needed to obtain a tar

hodyreva [135]

Answer: $8.00

Explanation:

Details missing in question are:

These costs are for 50,000 units.

$250,000 is manufacturing cost. $100,000 is administrative cost.

The total manufacturing cost is shown to be $250,000 above.

A profit of $50,000 is needed in addition to this cost as well as the administrative cost of $100,000.

Total revenue expected is therefore:

= 250,000 + 100,000 + 50,000

= $400,000

50,000 units are to be sold so to make a revenue of $400,000, each unit should be sold for:

= 400,000 / 50,000

= $8.00

8 0

2 years ago

Daniel’s family exports custom cowboy hats to Australia and Brazil. Would a “stronger” dollar be helpful to their business?

grandymaker [24]

Answer:

I would have to say A. Yes

Explanation:

If they have a stronger dollar that doesn't drop in value quickly then they can keep on accepting that currency reliably.

5 0

2 years ago

Read 2 more answers

3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o

Mekhanik [1.2K]

Answer:

Explanation:

Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.

Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.

3 0

2 years ago

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The cost to produce was $20 per unit in 2019. During 2020, it has increased to $23 per unit. In 2020, Supplier Company has offer

MaRussiya [10]

Answer: Differential cost is $5 per unit

Explanation:

Differential cost is the extra cost that the company would incur if they made the product themselves versus if they bought it from an outside supplier.

Differential cost is therefore:

= Cost to produce internally - Cost from supplier

= 23 - 18

= $5

likely

4 0

2 years ago