Differentiate between economic growth and economic development ?

Gardner Company expects sales for October of $249,000. Experience suggests that 45% of sales are for cash and 55% are on credit.

yarga [219]

Answer:

$68,475

Explanation:

Data provided

Sales in October = $249,000

Credit percentage = 55%

Following month percentage = 50%

The calculation of accounts receivable is shown below:-

Credit sales in October = $249,000 × 55%

= $136,950

Collection collected in October

= $136,950 × 50%

= $68,475

Therefore, for computing the collection collected in October we simply multiply the credit sales in October with following month percentage.

6 0

3 years ago

Following a peso appreciation relative to the dollar, which of the following results is expected to occur?

liubo4ka [24]

Answer:

B

Explanation:

A currency appreciates when its value increases.

For example if $1 was exchanged for 50 pesos. After appreciation of the pesos, $1 would buy $25 pesos.

So more $2 would be needed to buy 50 peso after the appreciation when before the appreciation $1 was buying 50 pesos.

As a result Mexican goods would become more expensive to US consumers and the revenue earned by Mexican producers would increase

7 0

3 years ago

On March 31, 2018, Susquehanna Insurance purchased an office building for $11,700,000. Based on their relative fair values, one-

irakobra [83]

Answer:

2018:

building: 296,400

Furniture and fixtures: 270,000

Office Equipment: 340,000

Total: 906,400

Explanation:

11,700,000 1/3 to land: 3,900,000

11,700,000 2/3 to building: 7,800,000

Office Equipment: 204,000

Total: 11,904,000

Building depreciation: 

(historic cost - salvage value)/useful life

(7,800,000 - 7,800,000 x 5%)/25 = 296,400

As this is straight-line depreciation will be constant for both years.

Furniture and fixtures: double-declining

the assets depreciate at a rate double of straight line of the carrying value

carring value: 2/useful life

2018: 1,350,000 x 1/10 x 2 = 270,000

2019: (1,350,000-270,000) x 1/10 x 2 = 216,000

Office Equipment: double-declining

2018: 850,000 x 2/5 = 340,000

2019: (850,000 - 340,000) x 2/5 = 204,000

3 0

2 years ago

Which of the following statements are true based on the historical record for 1926–2016? Multiple Choice Risk-free securities pr

PilotLPTM [1.2K]

Answer: Bonds are generally a safer, or less risky, investment than are stocks

Explanation: The biggest pro of investing in stocks over bonds is that history shows, stocks tend to earn more than bonds - especially long term. Additionally, stocks can offer better returns if the company growth is exponential, earning the investor potentially millions on an originally minuscule investment.

Many investors are under the impression that bonds are automatically safer than stocks. After all, bonds pay investors a regular fixed income, and their prices are much less volatile than those of stocks. Conversely, a stock is low-risk for the issuing company, but it's high-risk for investors.

6 0

3 years ago

Organization, management, and leadership skills involve

Sveta_85 [38]

C. Cooperating, providing support, and expressing feelings.

4 0

3 years ago

Differentiate between economic growth and economic development ?​

Differentiate between economic growth and economic development ?