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Svet_ta [14]
4 years ago
11

Dalton Industries makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 25% P

aid in the first month following purchase: 55% Paid in the second month following purchase: 20% If purchases for January, February, and March were $210,000, $190,000, and $240,000, respectively, what were the firm's budgeted payments in March?
Business
1 answer:
sladkih [1.3K]4 years ago
5 0

Answer:

The firm's budgeted payments in March is $206,500

Explanation:

The purchase pattern is categorized into three percentage  : 25%, 55% , and 20%

Here, following month is considered to be a month which is before than actual month.

The firm's budgeted payments in March is computed below:

= 25% of march month + 55% of February month + 20% of January month

= 25% × $240,000 + 55% × $190,000 + 20% × $210,000

= $60,000 + $104,500 + $42,000

= $206,500

Thus, the firm's budgeted payments in March is $206,500

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jet costs and is expected to fly miles during its ​-year life. Residual value is expected to be zero because the plane was used
KiRa [710]

Answer: c. $3,960,000‬

Explanation:

Using the units-of-production method of depreciation, depreciation is done per unit used.

With a residual value of zero, the formula is;

= Cost x Millage used / Useful life mileage

= 55,000,000 x 36,000,000/500,000,000

= $3,960,000‬

4 0
4 years ago
The objective of general-purpose financial reporting in the conceptual framework is?
nlexa [21]

The objective of general-purpose financial reporting in the conceptual framework is to provide financial information about the entity to investors and lenders.

General-purpose financial reporting is the report that a business entity gives about its financial health, credit history, assets, etc. to present or prospective investors, lenders such as banks and financial institutions, to enable them to decide whether or not to provide loans to the entity or purchase shares in it.

The information may also be used by other entities such as credit analysts and stock market players. General-purpose financial statements may also include the income statement, balance sheet, record of cash flows, information about shareholder’s equity, and other disclosures.

To learn more about General-purpose financial reporting: brainly.com/question/28234662

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7 0
2 years ago
Which statement BEST explains the economic concept of quantity demanded?
Deffense [45]
Answer:

C. It is influenced by changes in price.
4 0
3 years ago
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Why might large corporations be more likely to support development of sustaining technology rather than emerging technology?
elixir [45]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The large corporations be more likely to support development of sustaining technology rather than emerging technology is because the <span> technology is already aligned with main revenue streams.
</span>
The answer is C. 
4 0
4 years ago
Read 2 more answers
Take a deep breath before attempting this problem. in the book innumeracy, john allen paulos writes:
tatiyna
Although innumeracy is an unfamiliar term, this describes a very familiar condition. Although a lot of people are competent when it comes to Arithmetic, some are also not good in Algebra, Fractions, and other mathematical skills or problems. Innumeracy is like the mathematical counterpart of the term illiteracy. The people with this condition think that scientific notations are foreign language, they are uncomfortable with quantitative comparisons, and they are having a hard time in putting large numbers in the proper prospective. Those who suffer innumeracy admit to themselves and they only recognize a little impact this condition has to their lives. 
It is the goal of Paulo to make sure that all Americans may have proper knowledge in the world of Arithmetic. Paulo wants to reach out to those people who are highly educated but are having innumeracy and let them realize that if this condition is left unnoticed or not given much concern, this may affect their lives as well as the people around them. He wants those people not to ignore the condition. It is is said that Mathematics is a very important tool in decision-making may it be for personal or political usage thus problems related to math must be properly solved.
Paulo points out a lot of negative consequences if mathematics is to be understood in faulty ways. One is, a person is prone to vulnerability to coincidences. Another effect is on the medical field where person only sees the practitioner’s success rates and will not consider the rate of success. Innumerates do not consider this angle in the medical field and they may tend to miss the significance of knowing the mentioned concept. With these, we can conclude that innumeracy must and should always be given importance. The specialists in these field must then act on he necessary things to do for this condition not to worsen. For if innumeracy is to be ignored, a lot of worse things can happen and may lead to problems which may already be hard to solve.
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