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antoniya [11.8K]
3 years ago
15

Which statement best describes capitalism

Business
1 answer:
amm18123 years ago
3 0
An economic and political system in which a country's trade and industry are controlled by private owners for profit rather than by state. {This is what the dictionary said by the way}
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To record a customer's check in full payment for a sale that was made the prior month, the company should debit the ____________
bearhunter [10]

To record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

<h3>Payable cash account</h3>

Based on the information given the appropriate journal entry to record a customer's check in full payment for a sale is:

Journal entry

Debit Payable Cash account

Credit Sales accounts

(To record customer's check in full payment)

Inconclusion to record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

Learn more about payable cash account here:brainly.com/question/4656883

6 0
2 years ago
Butcher Co. sold 10,000 toys in Year4 for $20 each. The company expects that 5% of the toys will be returned under warranty for
algol13

Answer:

Butcher's warranty expense for Year 4 is $10,000

Explanation:

Since in the question, it is given that 5% of the toys are returned, and the warranty expenses should be charged on the replacement service or repair service. Even, the question has said the same.

So, the warranty expense computation is shown below:

= Sale units of toys × selling price per toy × returned percentage

= 10,000 toys × $20 × 5%

= $10,000

The warranty obligation part is irrelevant. Thus, we don't consider in the computation part. Therefore, it is ignored.

Hence, Butcher's warranty expense for Year 4 is $10,000

4 0
3 years ago
In March​ 1963, Ironman was first introduced in issue number 39 of Tales of Suspense. The original price for that issue was 12 c
lidiya [134]

Answer:

24.73%

Explanation:

(1 + i)ⁿ = future value / present value

annual interest rate = i

n = 52 years

future value = $11,750

present value = $0.12

(1 + i)⁵² = $11,750 / $0.12 = 97,917

1 + i = ⁵²√97,917

1 + i = 1.2473

i = 1.2473 - 1 = 0.2473 = 24.73%

4 0
2 years ago
Rodney invests​ $2,400 today, compounded​ monthly, with an annual interest rate of​ 6.25%. What is​ Rodney's investment worth in
Zina [86]

Answer:

B. $2,554.37

Explanation:

In this question we use the Future value formula which is shown below:

Future value = Present value × (1 + rate)^number of years

where,

Present value = $2,400

Rate = 0.625 ÷ 12 = 0.0052083333

Number of years = 1 month × 12 months = 12

So, the future value

= $2,400 × (1 + 0.0052083333 )^12

= $,2,400 × 1.0643218146  

= $2,554.37

7 0
3 years ago
Diferencia entre cinética y equilibrio<br>​
geniusboy [140]
Sorry but what is going on ?
5 0
3 years ago
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