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ArbitrLikvidat [17]
4 years ago
14

The beginning inventory is expected to be 2,000 cases. Expected sales are 10,000 cases, and the company wishes to begin the next

period with an inventory of 1,000 cases. The number of cases the company must purchase during the month is:
Business
1 answer:
Aleksandr-060686 [28]4 years ago
6 0

Answer:

$9000

Explanation:

he $10,000 expected sales represent the cost of goods sold COGS.

Calculating COGS is by the equal the formula

COGS = opening stock + purchase - closing stock

in this case

$10,000 = $2000 + Purchases - $1000

$10,000 = $2000-$1000 + purchases

Purchases = $10,000 -$1000

Purchases =$9,000

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What are your rights under the consumer credit law?
STALIN [3.7K]

Answer:

Under the Equal Credit Opportunity Act: You cannot be denied credit based on your race, sex, marital status, religion, age, national origin, or receipt of public assistance. You have the right to have reliable public assistance considered in the same manner as other income.

Explanation:

3 0
3 years ago
All parties need to communicate about strategy and schedule. which communication channel is most likely to meet their needs? mul
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The most suitable strategy for all parties to communicate is by using a videoconference in which allows all of the people to have a meeting and to be able to see each of the people involved in a meeting. Using a conference call may also be useful but the lacking of it is that you may not be able to see the people you're talking to. Other choices aren't suitable as this will not allow you to talk to everyone all in the same time.
3 0
3 years ago
After visiting several automobile dealerships, Richard selects the car he wants. He likes its $10,500 price, but financing throu
Len [333]

Answer:

a) Total Interest Paid in 24 months is $1680

b) Total Cost of the car is $12180

c) Monthly Payment is $420

d) Annual Percentage Rate  is 10.47%

Explanation:

(a) Loan Amount = $8400

Interest Rate = 10%

Monthly Interest = 8400 x (10%/12)

                            = $70

Total Interest Paid in 24 months = 24 x 70

                                                     = $1680

(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment

                                       = 8400 + 1680 + 2100

                                        = $12180

(c) Monthly Principal Payment = 8400/24

                                                  = $350

Monthly Payment = Monthly Interest Payment + Monthly Principal Payment

                              = 70 + 35

                              = $420

(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1

                                              = 0.1047

                                               = 10.47%

7 0
3 years ago
In an integrated cash receipts system, the cash receipts clerk reconciles the checks and the remittance advices and prepares dep
Tju [1.3M]

Answer:

Please see the explanation of the process

Explanation:

In the integrated cash receipt system in which customers makes the payments on account of the physical check that are mailed to the company.

The mail room clerk open the envelops containing the checks and remittance advices and endorse the checks for deposit only.Then the clerk reconcile the checks and remittances advices and prepare the remittance list. The checks, remittance advices and a copy of remittance list sent to the cash receipt department .

The cash receipt clerk reconciles the checks and remittances advice with remittance list and prepares the deposit slips. Via terminal, the clerk accesses the cash receipt system and creates a record in the remittance file (cash receipt journal) for each remittance advice received. The clerk files the remittance list, remittance advices and one copy of the deposit slips. At the end of the day,a member of the security group deposits the checks in the bank .

8 0
3 years ago
Accounts receivable represents:_________
coldgirl [10]

Answer:

A. Amounts which are owed to the company by its customers resulting from credit sales.

Explanation:

When the company sells its product to the customers on a credit basis is called account receivable. The amount which is to be sold on credit comes under the account receivable. It is a liquidity ratio which can be converted into cash within one year

This account receivable comes under the current assets side in the asset section of the balance sheet

7 0
4 years ago
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