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Marysya12 [62]
3 years ago
15

Match the following terms to their definition: 1. expected value 2. liquidity 3. fixed assets 4. point of sales terminals 5. sel

f-liquidating assets 6. trade credit 7. level production Rank the options below. Assets that are assumed to be long-term in nature. Assets that are assumed to be long-term in nature. Open choices for matching Assets that are converted into
Business
1 answer:
koban [17]3 years ago
8 0

Answer:

1.A representative quantity from a probability distribution arrived at by multiplying each outcome times the associated probability and summing up the products.

2.The relative convertibility of short-term assets to cash.

3.Assets that are assumed to be long term in nature.

4. Computer terminals in retail stores that may be used for inventory control or other purposes.

5. Assets that are converted to cash within the normal operating cycle of the firm.

6.Financing provided by sellers or suppliers in the normal course of business.

7.Equal monthly production used to smooth out production schedules and employ manpower and equipment more efficiently.

Explanation:

You might be interested in
If a specific subsidy​ (negative tax) of s is given to only one competitive​ firm, how should that firm change its output level
elena-s [515]

Answer:

The correct answer is option D.

Explanation:

The market price is P.

The marginal cost is given at MC.

The subsidy is equal to s.  

When the subsidy is provided to only a single firm, that firms marginal cost will decline. The firm can take advantage of decreased marginal cost by increasing the output level. The firm will produce the output where the price and marginal revenue is equal to marginal cost plus subsidy. At this point, the firm will be having maximum profit.

So, the firm will increase production until

P=MC+S

6 0
3 years ago
Colicchio Corporation acquired two inventory items at a lump-sum cost of $60,000. The acquisition included 3,000 units of knife
zysi [14]

Answer:

Explanation:

X001 Sales volum = 3000*$20 = $60,000

X002 Sales volum = 3000*$10 = $30,000

Total $90,000

Allocated to X002 based on sales volum is 33.33% (30,000/90,000) of the 60,000, which is $20,000

Cost per unit of X002 is $6.67 ($20,000/3,000). Sells 1000 units, $6.67*1000 = $6670.

Gross profit = Revenue $10,000 - Cost $6670 = $3330 in gross profit

8 0
3 years ago
Read 2 more answers
The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates
DanielleElmas [232]

Answer:

Stridewell Corporation

Journal Entries:

Debit Cash Account $625,000

Credit Common Stock $625,000

To record the issue of 125,000 shares for cash.

Debit Office Equipment $102,500

Credit Cash Account $41,000

Credit Note Payable $61,500

To record the purchase of office equipment.

Debit Inventory $250,000

Credit Accounts Payable $250,000

To record the purchase of inventory.

Debit Accounts Receivable $425,000

Credit Sales Revenue $425,000

To record the sale of goods on account.

Debit Cost of Goods Sold $212,500

Credit Inventory $212,500

To record the cost of goods sold.

Debit Rent Expense $5,500

Credit Cash Account $5,500

To record the payment of rent for the month.

Debit Prepaid Insurance $2,880

Credit Cash Account $2,880

To record the payment for insurance for a year.

Debit Accounts Payable $180,625

Credit Cash Account $180,625

To record the payment to suppliers on account.

Debit Cash Account $85,000

Credit Accounts Receivable $85,000

To record the receipt of cash from customers.

Debit Dividend $6,250

Credit Cash Account $6,250

To record the payment of cash dividend.

Debit Depreciation Expense - Office Equipment $2,050

Credit Accumulated Depreciation - Office Equipment $2,050

To record depreciation expense for the month.

Debit Insurance Expense $240

Credit Prepaid Insurance $240

To record insurance expense for the month.

Explanation:

Stridewell's insurance expense that expired for the month is obtained by dividing the Prepaid Insurance by 12 since it is for one year.  Thus, Stridewell obtains $240 ($2,880/12) as the expense for the month.  The balance remaining in the Prepaid Insurance is a current asset which is carried into the next month.

Journal entries help us to identify the accounts involved in each Stridewell's transaction and the account it should debit and the one it should credit. They are the initial record made by Stridewell in its accounting books for each business transaction.

7 0
3 years ago
The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as t
larisa [96]

Answer:

The CPA Practice Advisor

The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:

= 56%

Explanation:

a) Data and Calculations:

Population mean (preparation fee for 2017 federal income tax returns) = $273

Population standard deviation of preparation fees = $100

Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)

z = (x-μ)/σ

z = standard score

x = observed value

μ = mean of the sample

σ = standard deviation of the sample

Z = ($273 - $257)/$100

= 0.16

Using the z-table

P = 0.5636

6 0
3 years ago
Pickwick Production offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the b
julsineya [31]

Even though the company is no longer able to pay the retirees, they are still protected because <u>The </u><u>Pension Benefit Guarantee Corporation</u><u> will pay a </u><u>basic benefit. </u>

<u />

The Pension Benefit Guarantee Corporation:

  • Was created to protect the pensions of millions of Americans
  • Provides a basic benefit to pensioners who need pension payments when their companies no longer pay them

The basic benefit is a percentage of the benefits the retirees receive from their normal plan so it is not much. Retirees will often have to supplement this option.

In conclusion, The <u>Pension Benefit Guarantee Corporation </u>will pay out something to the retirees.

<em>Find out more at brainly.com/question/7331178. </em>

4 0
2 years ago
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