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sergij07 [2.7K]

3 years ago

8

A local charity spent $15,000 on a fundraising campaign. The charity raised $7 for each dollar it spent on the fundraising campa

ign. How much did the charity raise?

1 answer:

marysya [2.9K]3 years ago

5 0

$15,000 * $7= $105000

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Which of the following statements is the best description of comparative advantage?

torisob [31]

Answer:

D. Each nation should produce those goods that it can produce more efficiently and effectively than other nations, and buy the goods it cannot produce efficiently from other nations

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost ( has greater efficiency in production) when compared with other countries.

I hope my answer helps you

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3 years ago

Which of the following would most likely be treated as an activity in an activity-based costing system? direct materials cost sa

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Answer: the correct answer is machine processing

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4 years ago

For the current accounting year, beginning and ending total liabilities were $15,000 and $31,000, respectively. At year-end, own

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Answer:

$8,000

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<u>Changes during the year :</u>

Liabilities = $16,000 Increase ($31,000 - $15,000)

Assets = $21,000 Increase

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Assets = Equity + Liabilities

<u>Change in equity during the year will be :</u>

Equity = Assets - Liabilities

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Add Change $5,000

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4 0

3 years ago

Softie, Inc. produces facial tissues. The company's contribution margin ratio is 77%. Fixed expenses are $240,400. To achieve a

sladkih [1.3K]

To achieve a target profit of $930,000, Softies' sales must be $1,520,000.

<h3>What is target profit?</h3>

Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.

To find the target profit of Softie, Inc.:

Sales = ($240,400 + $930,000) ÷ 0.77
= $1,520,000

Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.

Know more about target profit here:

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2 years ago

Which description of the parts of the compound interest expression is correct? P(1 + )nt P = principal; r = number of times inte

topjm [15]

Answer:

P = principal; r = annual interest rate; n = number of times interest is compounded per year; t = time in years

Explanation:

Given the formula P(1 + r)^nt,

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Compound interest is defined as interest on a loan, deposit or investment that is calculated on the basis of the principal invested, deposited or borrowed and the accumulated interest from previous periods.

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3 years ago