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4 years ago

In order to summarize data in a report and override the sort order of the record source you would use:

1 answer:

7 0

<span>In order to summarize data in a report and override the sort order of the record source you would use: the group, sort, and total pane.

When using Microsoft Access the group, sort, and total pane are the functions and keys you would use to summarize data. There is also a shortcut section where you can search for the appropriate tools to use depending on what you need to do with your report.
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Retained earnings, December 31, 2012 $ 306,800 Cost of equipment purchased during 2013 29,000 Net loss for the year ended Decemb

aksik [14]

Answer:

$288,500

Explanation:

Particulars Amount

Retained Earnings Dec 31, 2012 $306,800

Less: Net Loss for the Year $4,000

Less: Dividend declared and paid in 2013 <u>$14,300</u>

Retained Earnings Dec 31, 2013 <u>$288,500</u>

3 0

3 years ago

Lindon company is the exclusive distributor for an automotive product that sells for $40 per unit and has a cm ratio of 30%. the

DIA [1.3K]

1)The cm ratio<span> is the difference between a company's sales and variable expenses (expenses proportional to units produced), expressed as a <span>percentage. Hence, we have that the costs of the product per unit are 70%= 100%-30% of the unit income, thus they are 40*70%=28$. Thus, the variable expenses per unit are 28$.
2) In order to break even, they have to make profit of 180000$ from sales. Each unit gives a profit of 12$=40$-28$ (unit profit). Hence, in order to make a profit of 180000$, the have to sell 180000/12=15000 units. Those units will bring in sales of 40*15000=600000$. We also have that if the company wants to make a net profit of 60000$, the profit from the unit sales needs to be 240000$ in total. Hence, they will need 240000/12=20000 units and the sales will be 40*20000=800000$ at that point.
3) Let us calculate the new cost. It is obviously 28-4=24$. The new profit margin per unit is 40-24=16$. Hence, to break even this time they will need only 180000/16=11250 units. They will be sold for 40*11250=450000$ in total. To make that additional profit of 60000$, they will need to sell 60000/16 more units, hence 3750 more units. This means that they need to do an additional 150000 dollars in sales. With the new variable cost, to achieve profit of 60000 they need to sell 11250+3750=15000 units and they will cost 600000$

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5 0

3 years ago

Madison Inc. reported sales of $1,000,000, a debit balance in Accounts Receivable of $80,000, and a credit balance of $5,000 in

svetoff [14.1K]

Answer:

The answer follows below;

Explanation:

Sales=$1,000,000

Allowance for Doubtful Accounts=$1,000,000*1%=$10,000

Bad Debt Expense Dr.$10,000

Allowance for Bad Debts Accounts= Cr.$10,000

In sales % method, we record only % of sales as uncollectible.

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3 years ago

Assume the U.S. dollar and the Canadian dollar are traded in flexible currency markets.

erica [24]

Answer:

B. Higher interest rates in the United States relative to Canada.

D. Decreasing GDP in the United States than in Canada.

Explanation: A flexible currency market is market where the exchange rate is determined by some economic factors which includes

High interest rate- if the interest rate on the United States is higher than that in Canada most investors will be moved to Borrow money from Canada instead of Borrowing from United States leading to reduced demand for The United States dollar which will lead to depreciation of the United States Dollar.

Decreasing GDP- when the gross domestic product of the United States economy decreases the general productivity level in the United States is decreased which will discourage foreign investors from investing in the United States leading to reduced demand for the United States Dollar.

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4 years ago

Why is it valuable for entrepreneurs to understand political and regulatory factors? select all that apply.

SVEN [57.7K]

Understanding political and regulatory considerations is important for entrepreneurs because we want to know how the laws affect the firms that we are in or that we may start.

<h3>Why is it important for business owners to comprehend political and regulatory factors?</h3>

We are interested in learning how the laws affect the businesses that we are in or may start. We also want to consider the government as a consumer and potential growth areas. We also wish to raise awareness of these factors and changes in politics and regulation.

<h3>Does politics have a role in fostering entrepreneurship?</h3>

In a certain geographic area, entrepreneurial development is greatly influenced by political issues. This is due to the fact that politicians determine the kind of market that is present. The market may be capitalistic, communist, or a mixed economy in various nations.

<h3>Why is a stable political environment crucial for business?</h3>

The foundation of a country's commercial climate is its political environment. Businesses would be positively influenced by stable and improved government policies, and vice versa. Changes in policy are frequently brought about by changes in government.

Learn more about political and regulatory factors: brainly.com/question/28900810

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4 0

1 year ago