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Illusion [34]
3 years ago
8

The following transactions were completed by Daws Company during the current fiscal year ended December 31:

Business
1 answer:
boyakko [2]3 years ago
4 0

Answer:

Explanation:

The T account is presented below:

                          Allowance for Doubtful Debts  

Jan 29                  $5,850                      Jan 1 Beginning balance $54,200

Aug 9                   $11,850                      April 18                 $4,000

Dec 31                  $52,160                     Nov 7                    $7,000

Dec 31   Unadjusted

              balance    $4,660                

                                                          Dec 31 Adjusting entry   $64,660

                                                          Dec 31 Adjusted balance $60,000

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Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The compan
ivanzaharov [21]

Answer:

The sales unit to achieve a target profit of $6,250 is 545 units

The sales units to achieve to achieve a target profit of $9,400 is 590 units

Explanation:

The quantity at target profit=fixed cost+target profit/contribution per unit

fixed expense=$31,900

target profit $6,250

contribution per unit=$140-$70

                                  =$70

unit sales at a target profit of $6,250=($31,900+$6,250)/$70

                                                             =545  sales units

fixed expenses $31900

target profit of $9400

contribution per unit is $70

unit sales at a target profit of $9,400=($31900+$9400)/$70

                                                            =590 sales unit

8 0
3 years ago
The board of directors of a corporation usually is elected by Group of answer choices bondholders. preferred stockholders. conve
hram777 [196]

Answer: common stockholders

Explanation: Stockholders are in essence the owners of a business. The difference between common stockholders and preferred stockholders when it comes to deciding the fate of the company is that preferred stockholders do not have voting rights while common stockholders do. So, common stockholders elect the board of directors.

Bondholders do not have any say in the running of a business, whatsoever.

4 0
3 years ago
Martha is saving money to move to a new city in 18 months. This is an example of a _____ goal.
laila [671]
<h2>Hey there! </h2>

<h2>I guess the correct option is:</h2>

<h3>"C. Medium term" </h3>

<h2>Mark me as a brain list </h2>
6 0
3 years ago
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Gimbly Cricket Corp. created a decision aid, linked to its data warehouse, to enable senior management to monitor, in real time,
Studentka2010 [4]

Answer: Internal and non financial reporting

Explanation: Internal reporting refers to performance reporting by the workers of the organisation to the upper level management, who are responsible for decision making.

Non financial reporting refers to the reporting of information related to the social, environmental and cultural aspects of an organisation.

In the given case, Gimbly is making changes in the warehouse system so that top managers can have information about the business environment change.

Hence, we can conclude that It is an example of Internal and non financial reporting.

5 0
3 years ago
The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because th
Mila [183]

Answer: Diversifies risk

Explanation:

The main purpose of having a portfolio is to be able to diversify risk so that a total loss is not made if things do not go well. As such, well diversified portfolios are able to reduce their unsystematic risk.

Individual stock on the other hand, cannot be diversified and so have unsystematic risk which makes their standard deviations(risk) higher.  

6 0
4 years ago
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