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4 years ago

All Answers of the drivers ed final test !! Please

Business

1 answer:

Fudgin [204]4 years ago

7 0

Answer:

Keeping a cushion of space at all times.

true

and more

Explanation:

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Northwest Fur Co. started 2021 with $110,000 of merchandise inventory on hand. During 2021, $540,000 in merchandise was purchase

Andru [333]

Answer:

B) $639,600.

Explanation:

when you use the gross method to record purchases, the journal entries should be as follows:

Dr Merchandise inventory 540,000

Cr Accounts payable 540,000

Dr Merchandise inventory 8,800 (freight charges)

Cr Cash 8,800

Dr Accounts payable 3,100 (returned merchandise)

Cr Merchandise inventory 3,100

Dr Accounts payable 536,900

Cr Cash 520,793

Cr Merchandise inventory 16,107

Merchandise inventory = initial balance + purchase + freight charges - returns - purchase discounts = $110,000 + $540,000 + $8,800 - $3,100 - 16,107 = $639,593 ≈ $639,600 (it's the closest option).

6 0

4 years ago

If a man originally paid $4000 in property taxes, what will his new tax payment be if he saves 8% this year?

choli [55]

Answer : The new tax payment when he saves 8 % tax this year is, $3680

Explanation :

As we are given that,

Original property tax paid by a man = $4000

Percent rate of saving tax = 8 %

First we have to calculate the amount of tax he saved.

Amount of tax he saved = $\$ 4000\times 8\%$

Amount of tax he saved = $\$ 4000\times \frac{8}{100}$

Amount of tax he saved = $320

Now we have to calculate his new tax payment when he saves 8 % tax this year.

New tax payment = Original property tax - Amount of tax he saved

New tax payment = $4000 - $320

New tax payment = $3680

Thus, the new tax payment when he saves 8 % tax this year is, $3680

3 0

3 years ago

One of the best sources of precall information is a prospect's own salespeople because they empathize with the salesperson's sit

Ann [662]

Answer:

a. True

Explanation:

In the case when the information is precalled so here the sources that considered to be best should be the own salespeople as it would emphathize the situation of the sales person

So as per the given situation, the given statement is true

Hence, the option a is correct

Therefore, the second option is wrong

3 0

3 years ago

Mary buys an annuity that promises to pay her $1,500 at the end of each of the next 20 years. The appropriate interest rate is 7

alina1380 [7]

Answer:

PV= $15,291.74

Explanation:

Giving the following information:

Annual cash flow= $1,5000

Number of years= 20

Interest rate= 7.5%

To calculate the present value, first, we need to determine the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {1,500*[(1.075^20) - 1]} / 0.075

FV= $64,957.02

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 64,957.02/(1.075^20)

PV= $15,291.74

7 0

4 years ago

At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finish

White raven [17]

Answer:

Answer for the question:

At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finished and an additional 5,500 units were started and completed during the period. 1,000 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were__________.

Is given in the attachment.

Explanation:

3 0

4 years ago