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3 years ago

Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:

Business

1 answer:

Galina-37 [17]3 years ago

5 0

Answer:

Explanation:

Schedule of expected cash collection is a form of budgeted that list the time frames and the amount of payment expected from customers for the purpose of efficient planning.

Account receivables

60% * October sales = 67,000

November sales

40% * 320000 (November sales) = $128,000

$195000

December cash collection

60%*320000 (November sales) = 192000

40%*330000 (December sales)= $132000

$324,000

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Even when products are commodity items, the _____ element can be a powerful differentiating factor for which a customer will pay

Dmitry_Shevchenko [17]

Service can play a big part in whether or not a person would be willing to pay more for an item. Through add-ons like free shipping, assistance with product selection, and support if/when the product fails, the customer can discriminate between products and companies that might offer similar goods.

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3 years ago

Grapes are considered intermediate goods a. whether the purchaser uses them to make wine to sell or eats them. b. if the purchas

Natasha2012 [34]

Answer: Grapes are considered intermediate goods if the purchaser uses them to make wine to sell others but not if the purchaser eats them.

Explanation: We call intermediate goods to goods that deplete their production process.

They are used to produce other goods and in its application to the production process it is fully incorporated into the product or transformed completely with the first use.

They are bought for resale or used as inputs or raw materials for the production and sale of other goods.

One example could be the flour used to make bread is an intermediate good for consumption. ( The bread is the final product that you buy on the store ) .

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3 years ago

A generous benefactor to a local ballet plans to make a one-time endowment that would provide the ballet with $150,000 per year

faltersainse [42]

Answer:

Endowment Must be $3,000,000 Large

Explanation:

The endowment can be calculated using the following formula:

Value= $\frac{Cash\ Flow}{Rate\ of\ Interest}$

In our case:

Given data:

Cash Flow =$150,000 per year

Rate if interest= 5%=0.05

Required:

How large must the endowment be?

Solution:

Endowment= $\frac{Cash\ Flow}{Rate\ of\ Interest}$

$Endowment=\frac{150,000}{0.05}\\ Endowment=\$3,000,000$

Endowment Must be $3,000,000 Large

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3 years ago

Explain which types of market inefficiencies derive from monopolies. Use examples from the textbook to support your claims. Desc

Sloan [31]

Answer:

The two types of market structure, monopoly, and monopolistic competition, generate essentially the same two types of market inefficiency:

Charging prices higher than marginal cost, meaning that consumers pay a higher price than they would otherwise in a perfectly competitive market.

Producing a smaller amount of output that in a perfectly competitive market.

The difference is in the degree of the inefficiency: monopolies are more market inefficient, and cause more harm to consumers, while monopolistic competition is a less inefficient market structure, and only causes marginal harm to consumers when compared to the hypothetical results of a perfectly competitive market structure.

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3 years ago

If a check correctly written and paid by the bank for $667 is incorrectly recorded in the company's books for $676, how should t

Naily [24]

Answer:

Thus, $9 shall be added in Bank Reconciliation statement.

Explanation:

As per the provided information,

Bank paid $667, which is recorded as $676 in books.

Difference = $676 - $667 = $9 wrongly recorded less.

That is in the books the balance is shown is less than actual balance by $9.

Thus, this $9 shall be added to bank balance as per books, while preparing reconciliation statement.

Thus, $9 that is ($676 - $667) shall be added in Bank Reconciliation statement.

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3 years ago