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3 years ago

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A company purchased a computer, office furniture, and office supplies by issuing a check for $5,000 and a note payable for $19,5

00. The market value of the items was $26,300. The total recorded value of the items is ________

1 answer:

Morgarella [4.7K]3 years ago

4 0

Answer:

The total recorded value of the items is 24,500

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Firms typically repurchase office supplies (paper, ink cartridges, pens, etc.) through straight rebuys on their supplier's websi

Akimi4 [234]

Answer: The options are given below:

A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

B. Yes; history has shown that online reordering can't be trusted.

C. Yes; straight rebuys require a lot of the sales rep's assistance.

D. No; this is a waste of time since straight rebuys are straightforward and easy to handle.

E. No; the sales rep should be looking for new customers instead.

The correct option is A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

Explanation: Maintaining a strong relationship with customers is very vital to a business. This is because a sales rep will get current, up-to-date, and firsthand information from customers about their changing needs and this will better equip the sales rep to meet the dynamic needs of customers promptly.

For instance, a customer might decide to increase the quantity of inks to be bought, this need recognition opportunity can only be known to the sales rep if the sales rep has always been in touch with the customer.

7 0

3 years ago

A manufacturer has an estimated practical capacity of 90,000 machine hours, and each unit requires two machine hours. The follow

nata0808 [166]

Answer:

Of the following factors, the manufacturer's production volume variance is most likely to have been caused by:

D. Temporary employment of workers with lower skill levels than originally anticipated.

Explanation:

a) Data and Calculations:

Estimated practical capacity = 90,000 machine hours

Machine hours per unit = 2

Estimated production units based on capacity = 45,000 (90,000/2)

Budgeted Actual

Variable overhead = $200,000 $240,000

Actual fixed overhead = $450,000 $442,000

Machine hours 90,000 88,000

Units produced 45,000 42,000

Estimated units to be produced based on standard machine hour

= 44,000 units (88,000/2)

Variance between standard units to be produced and actual = 2,000 (44,000 - 42,000) Unfavorable

5 0

3 years ago

Sparks Corporation has a cash balance of $5,480 on April 1. The company must maintain a minimum cash balance of $5,000. During A

beks73 [17]

Answer:

d) $3,920

Explanation:

The computation of the borrowed amount is shown below:

= Beginning cash balance + expected cash receipts - expected cash disbursements - minimum monthly cash balance

= $5,480 + $56,200 - $60,600 - $5,000

= $3,920

We easily add to the starting cash balance the estimated cash receipts and deducted the expected cash disbursements and the minimum monthly cash balance, in order to get the correct value

5 0

3 years ago

Stanley, Inc.'s 2018 income statement reported net sales of $6,000,000, uncollectible accounts expense of $160,000, and net inco

Daniel [21]

Answer:

d. Account receivable days = 72 days

Explanation:

The average receivable days. This is the average length of time it takes a business to collect the amount due from its customers in respect of credit sales.

When a business sells on credit , customers are expected to settle their account within a given credit period. Account receivable days is computed to evaluate how well a business is managing its investment in the account receivables.

The shorter the better, as it means that custmers are paying on time, thereby preserving cash position for the business and reducing the risk bad debt.

A prolonged account receivable days means a poor credit control system which comes with the attendants risk bad debt and additional financing costs for the business.

To compute the account receivable days (debtors collection period), use this formula:

Account receivable days= (Average account receivable/Credit sales) × 360 days.

So we apply this to the question:

Account receivable days= ( 1,200,000/6,000,000) × 360 days

= 72 days

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3 years ago

What makes increased government spending an effective tool for increasing demand?

Ivenika [448]

Answer:

The increased government spending generates people to have an increase in funds available which will allow them to increase their consumption and liek that the demand increases.

Explanation:

If there is an increase in government spending, this will cause people to have more funds available, for example, it can cause the unemployed people to find jobs which will allow them to have more money to spend. Because of that, the demand for products and services will increase which can produce growth in the short term.

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3 years ago