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Archy [21]
3 years ago
9

In June, The Seascape Gallery sells an oil painting to Collegiate Systems, Inc. Collegiate promises to pay for the painting in t

hree months. The gallery prepares a draft ordering Collegiate Systems to pay $3,000 to First Bank on September 15. Collegiate Systems signs the draft. The draft is aGroup of answer choicesSight draftFuture draftTime draftTrade draft
Business
1 answer:
sleet_krkn [62]3 years ago
3 0

The correct answer is C. Time draft

Explanation:

In trade, a time draft is a document that acts as credit, this means the buyer of the product can get the product and pay it after a certain amount of time, which is stipulated through the draft. Moreover, this draft is accepted by both the buyer and the seller, and it is most commonly used in international trade. This type of draft is the one used in the case presented because the payment will occur in the future rather than immediately as it occurs in other types of drafts such as a sigh draft or in regular trade drafts. Also, in this case, the buyer obtained the good (oil painting) before payment occurs and the draft acts as a promise of paying.

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Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for th
Volgvan

Answer: $8600

Explanation:

Joint cost allocation:

Product :

Loin chops

Pounds - 3000

Price per pound - $5

ground

Pounds - 10,000

Price per pound - 2.00

ribs

Pounds - 4,000

Price per pound - 4.75

bacon

Pounds - 6,000

Price per pound - 3.50

total joint cost - $43000

Sales cost per product :

Loin chops - 3000 × 5 = $15,000

Ground = 10000 × $2 = $20,000

Ribs - 4000 × $4.75 = $19,000

Bacon - 6000 × $3.50 = $21,000

Loin cost allocation is given by :

Total joint cost × (sales value of Loin chops ÷ Total sales value of all products)

$43,000 × ($15,000 ÷ $(15,000 + 20,000 + 19,000 + 21,000))

$43,000 × ( $15000 ÷ $75000)

$43,000 × 0.2 = $8600

3 0
4 years ago
To the following:
vlabodo [156]
Generous- Selfish
Tremendous- Small
Famous- Unknown
Publicity- Secrecy
Imaginative- Unskillful
Outstanding-Unexceptional
7 0
3 years ago
Wild Swings Inc.’s stock has a beta of 2.5. If the risk-free rate is 6% and the market risk premium is 7%, what is an estimate o
Bess [88]

Answer:

r = 0.235 or 23.5%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the market return

r = 0.06 + 2.5 * 0.07

r = 0.235 or 23.5%

3 0
3 years ago
You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are m
nasty-shy [4]

Answer:

The correct answer is to put the two variables in the same type of measure.  

Explanation:

To begin with, in order to compare to different variables that are in different measures the correct way to proceed is to put them in the same measure so therefore they will be comparable with each other. Once said that, in this case the person should put the psychological benefits in economics benefits as it is the other variable and in order to do that the person should think of what aspects of his productivity would increase if he takes the vacations and gains the psychological benefits. For example, after getting back from the holidays he may feel himself less stress and more relax and therefore that he may be able to either do more job, more studies or more excercises and all that can impact in an economic way.

7 0
3 years ago
Students who choose to attend a technical school will likely go to work in
Nana76 [90]

Most time, the students who choose to attend a technical school will likely go to work in the trade.

<h3>What is a technical school?</h3>

This refers to the schools are also known as technical colleges or institutes and offer an education that prepares students for a specific trade or career.

Most time, its issues a certification after studying a course that teaches certain education courses based on an occupational skill.

Among the options, the students who choose to attend a technical school will likely go to work in the trade.

Therefore, the Option A is correct.

Read more about technical school

brainly.com/question/25110079

#SPJ1

5 0
2 years ago
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