1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
4 years ago
8

What is the purpose of providing a ledger account for each account?

Business
1 answer:
ivolga24 [154]4 years ago
3 0
Every<span> transaction affects at least two </span>accounts<span>. The first relates to the reason for the income or expense. For example, if you sell a crib, you might record the ...</span>
You might be interested in
AB Builders, Inc., has 18-year bonds outstanding with a par value of $2,000 and a quoted price of 102.037. The bonds pay interes
I am Lyosha [343]

Answer:

6.82%

Explanation:

In this question we use the PMT formula that is shown on the attachment below:

Given that,  

Present value = 102.037% × $2,000 = $2,040.74

Future value = $2,000

Rate of interest = 6.62% ÷ 2 = 3.31%

NPER = 18 years  2 = 36 years

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $68.15

Now the coupon rate is

= PMT ÷ face value × 2

= $68.15 ÷ $2,000 × 2

= 6.82%

8 0
3 years ago
The Artisan Cheese Company in Florida has decided to add a new line of imported cheeses to its offering. The company president (
KonstantinChe [14]

Answer:

Cheeses from England.

Explanation:

First, let us define what Marketing Mix is:

  • This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.

The goal of a marketing strategy is to create awareness among the target audience.

Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.

It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.

The company president and product director will have to do what the customer wants.

4 0
3 years ago
In the video we saw of Werner Vogels (chief technology officer at Amazon) discussing cloud computing, he emphasized that it prov
bulgar [2K]

Answer:

Elasticity

Explanation:

Elasticity -

Elasticity is one of the characteristics of the cloud computing .

Elasticity makes the cloud computing different from the older grid computing .

It refers to the factor by which the system is capable to adapt to the changes in the workload by provisioning and de - provisioning the resources automatically , is referred to as elasticity .

Faster the provision and de - provision may lead to storage or customers applications.

Hence , from the given scenario of the question ,

The correct answer is elasticity .

7 0
4 years ago
Magic Realm, Inc., has developed a new fantasy board game. The company sold 47,500 games last year at a selling price of $67 per
vekshin1

Answer:

See the explanation below.

Explanation:

Magic Realm, Inc. Contribution Income Statement for last year

Details                                                     Total ($)       Per Unit ($)

Sales revenue (47,500 × $67)             3,182,500                67

Variable cost (47,500 × $47)              <u>(2,232,500)</u>             <u>(47)</u>

Contribution                                            950,000               20

Fixed expenses                                     <u>(855,000)</u>

Net operating expenses                          <u>95,000</u>

6 0
3 years ago
A customer’s specification for weight of an antiseptic cream sold in plastic tubes is 4.00 ounces ± 0.02 ounces. The target p
nasty-shy [4]

Answer:

Cp = 1.667

Cpk = 1.25

The filling process will deliver the customer's specifications since Cp > 1 and Cpk > 1

Explanation:

Given data:

Customer Specification           3.98          4.02

Process Average                      4.005

Process Standard Deviation    0.004

<u>Calculate the Cp and Cpk values</u>

Cp = Δ customer specification / ( 6 * std )

     = (4.02 - 3.98 ) / ( 6 * 0.04 )

     = 0.04 / 0.24 = 0.1667 + 1 = 1.667

Cpk ( upper ) = ( 4.02 - process average ) / ( 3* std )

                      = ( 4.02 - 4.005 ) / ( 3 * 0.004 )  = 1.25

Cpk ( lower ) = ( process average - 3.98 ) / ( 3 * std )

                     = ( 4.005 - 3.98 ) / ( 3 * 0.04 ) = 2.083

Cpk = minimum value of Cpk = 1.25

3 0
3 years ago
Other questions:
  • The fourth step of the marketing research approach is to __________.
    7·1 answer
  • A manager invests $20,000 in equipment that would help the company reduce it's per unit costs from $15 to $12. He expects the eq
    9·1 answer
  • You sell 10 cups of lemonade for 1.50 each. You spent $5.00 on lemons and $1.00 for a bag of ice. What is your profit or loss?
    14·2 answers
  • g Find the monthly payment and estimate the remaining balance (to the nearest dollar). Assume interest is on the unpaid balance.
    11·1 answer
  • Adjusting entries: affect only cash flow statement accounts affect only balance sheet accounts affect only income statement acco
    14·1 answer
  • Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 5.01 percent. Selected operating data
    8·1 answer
  • PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
    12·1 answer
  • Just like what Truman Burbank form the movie named truman show: Good morning, and in case I don't see ya, Good afternoon, good e
    8·2 answers
  • PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
    12·1 answer
  • Grover Company has the following data for the production and sale of 2,300 units. Sales price per unit $ 950 per unit Fixed cost
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!