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3 years ago

Which of the following would not be used to pay for previous credit purchases under the periodic system?

Business

2 answers:

fenix001 [56]3 years ago

5 0

Answer:

Debit to Accounts payable ( A )

Explanation:

To pay for previous credit purchases made by a company it can be made by crediting the Accounts payable of the company or by converting the credit to cash payments to the company from whom the company purchased the goods.

Accounts payable is a liability account operated by a company to take care of all the credit purchase made by the company. crediting this account by the company will help offset previous credit purchases while debiting this accounts will leading to worsening the debit conditions of the company towards its suppliers hence this is a means of paying for previous credit purchases

Cerrena [4.2K]3 years ago

4 0

C. Credit to Accounts Payable

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Yes, I think that even social media and cell phone information is personal it should be reviewed if there are enough reasons to think that you are a threat to others.

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3 years ago

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Mark is the inventory-control manager at Shield Corp. He usually places an order for steel rods based on the firm's daily requir

diamong [38]

Answer:

b. just-in-time inventory management

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Just in Time (JIT) inventory relates to an inventory control program with the goal of making inventory conveniently able to meet demand, just not to the extent of overload where you have to store extra items. JIT inventory has been used to better cut costs, open up storage space, and reduce error levels.

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4 years ago

Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a 2 percent real return per year. I

egoroff_w [7]

Answer:

a. 23%.

b. Frank should charge Sarah 2% more than the inflation rate.

Explanation:

a. Find the nominal rate of interest.

To find this value we must follow this equation:

$NI=RI+IR$

Where NI = Nominal Interest, RI= Real Interest, and IR= Inflation Rate.

a.1. Find the real interest rate.

The problem statement gives us this value: 2% real return per year, as agreed by Sarah and Frank.

a.2. Find the inflation rate.

Here we follow this equation:

$IR=(\frac{CPI_{F} -CPI_{B} }{CPI_{B} } )*100$

Where:

CPI(F) is the CPI of the final year, in this case, it would be 121 (the expected CPI for two years, which is the established loan time).

CPI (B) is the CPI of the base year, that is, the CPI in force at the time that Frank makes the loan, 100 in this case.

We replace these values:

$IR=(\frac{121-100}{100} )*100$

$IR=(\frac{21}{100} )*100$

$IR=0.21*100$

$IR=21%$

The inflation rate equals 21%.

a.3. Replace in the equation of the nominal rate of interest.

$NI=RI+IR$

$NI=0.02+0.21$

$NI=0.23$

So, the nominal rate of interest Frank should charge Sarah equals 23%.

b. Find out how much Frank should charge Sarah (regarding inflation and considering that it is unknown).

The inflation rate reduces the return expected by Frank. Therefore, the nominal interest rate charged must be higher than the inflation rate, in order to ensure a positive real returns. In this case, since it is not known exactly what that inflation rate is, Frank must charge 2% (expected return) above what the inflation rate can record.

Hence, the short answer is: Frank should charge Sarah 2% more than the inflation rate.

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3 years ago

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AleksandrR [38]

Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.

<h3>Marginal rate of substitution</h3>

Using this formula

Marginal rate of substitution=Price of food/Price of clothing

Let plug in the formula

Marginal rate of substitution=$3 per unit/$8 per unit

Marginal rate of substitution=0.375

Marginal rate of substitution=0.38 (Approximately)

Therefore Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.

Learn more about marginal rate of substitution here:brainly.com/question/13401044

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1 year ago

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tekilochka [14]

Answer:

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Explanation:

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