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3 years ago

Compare the demand for sugar with demand for food. the demand for sugar is likely

Business

1 answer:

Digiron [165]3 years ago

4 0

The answer is D.More elastic because sugar tends to represent a larger fraction of a consumer's budget

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Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 $ 260,000 Accounts Rec

Amiraneli [1.4K]

Answer:

1. Suzuki estimates 12% of receivables: Net income (before taxes) in 2021 decreases by $5,500 and total assets in 2021 decreases by $5,500

2. Suzuki estimates 3% of credit sales: Net income (before taxes) in 2021 decreases by $7,800 and total assets in 2021 decreases by $7,800

Explanation:

1. Suzuki estimates 12% of receivables

Bad debts are estimated: 12% x $55,000 = $6,600

Before adjusting, Allowance for Uncollectible Accounts balance of $1,100 (credit).

Bad debts expense = $6,600 - $1,100 = $5,500

The entry will be made:

Debit Bad debts expense $5,500

Credit Allowance for Uncollectible Accounts $5,500

Net income (before taxes) in 2021 decreases by $5,500 and total assets in 2021 decreases by $5,500

2. Suzuki estimates 3% of credit sales

Bad debts are estimated: 3% x $260,000 = $7,800

The company uses the percentage of sales method.

Bad debts expense = $7,800

The entry will be made:

Debit Bad debts expense $7,800

Credit Allowance for Uncollectible Accounts $7,800

Net income (before taxes) in 2021 decreases by $7,800 and total assets in 2021 decreases by $7,800

7 0

3 years ago

Page:

BlackZzzverrR [31]

Answer:

This means that Nepal, as a very underdeveloped country, lacks the necessary amount of domestic capital to build a healthy and functional economy, and for this reason, it requires international help in the form of foreign direct investment that can supply more capital to the country, capital that is used to set up new companies and investment projects that employ more Nepalese people.

7 0

3 years ago

You sell short 300 shares of Microsoft which are currently selling at $30 per share. You post the 50% margin required on the sho

Lapatulllka [165]

Answer:

The rate of return will be of 20%

Explanation:

These are the follwong steps to calculate the rate of return:

First you need to calculate the inflow of funds from short selling of Microsoft shares

The number of shares by the information reunited is 300

The selling price of each share is $ 30 per share.

Total sale proceeds is 300 shares×$ 30 per share =$9000

Secondly you need to calculate the margin requirement

Margin requirement on short sale 50 %

Total sale proceeds on short sale×50%=$ 4500

Next year we will again buy each share at $ 27

Total outflow of funds will be $ 27*300 shares = $ 8100

With the information calculated above, we are ready then to calculate the net equity after one year

Net equity will be= (9000+4500-8100)= $5400

Finally, we are ready to calculate the Rate of return

If the net equity will be of $5400, the margin amount deposited is $ 4500, and net gain is $900, rate of return is as follows:

Rate of return= (900/4500)×100= 20%

7 0

4 years ago

What would you pay for an investment that pays you $49000 at the beginning of each year for the next ten years? Assume that the

mr_godi [17]

Answer:

$360,644

Explanation:

The computation of the amount paid for an investment is as follows:

= Payment made × ((1 - (1 + rate of interest)^-number of years) ÷ rate of interest

= $49,000 × ((1 - (1 + 0.06)^-10) ÷ 0.06)

=$360,644

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the amount paid for an investment is $360,644

6 0

3 years ago

If the CPI rises to 150 from 120, then prices have

exis [7]

Answer:

B) risen 25 percent.

Explanation:

The inflation rate is the rate at which overall prices are increasing in the economy in a period. It is expressed as a CPI value.

Given CPI for different periods, inflation can be calculated using the formula below.

Inflation =<u> new CPI - old CPI</u> x 100

old CPI

In the case

The inflation rate will be <u>150- 120</u> x 100

120

=30/120 x 100

=25%

3 0

4 years ago