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AveGali [126]
3 years ago
8

In 2006, selected new automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. Wha

t was the rate of increase for these automobiles between the two time periods?
Business
1 answer:
larisa [96]3 years ago
7 0

Answer:

Explanation:

%increase is given as = increase/ original prices ×100

Increase = new cost - original cost

The original average cost is $16000,

And the new average cost is $28,000

Then,

Increase = 28000-16000

Increase =$12,000

Then,

%increase=increase/original cost ×100

%increase = 12000/16000 ×100

%increase=75%

The rate of increase of the automobile cost is 75%

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Compton Company expects the following total sales: Month Sales March $ 37,000 April $ 27,000 May $ 21,000 June $ 32,000 The comp
Rina8888 [55]

Answer:

$11,025

Explanation:

From May sales, Total Credit sales = $21,000*70% = $14,700

Cash Collected in May (for sales) = Total Credit sales * 25%

Cash Collected in May = $14,700*25%

Cash Collected in May = $3,675

Accounts Receivables Balance = Total Credit sales (May) - Cash Collected in May

Accounts Receivables Balance = $14,700 - $3,675

Accounts Receivables Balance = $11,025

So, the budgeted accounts receivable balance on May 31 is $11,025.

5 0
3 years ago
Sunny Co has a debt-to-equity ratio of 1.00, compared to the industry average of 0.80. Its competitor Carter Co., however, has a
ankoles [38]

Answer:

The answer is C.

Explanation:

Debt-to-equity ratio is an economical term that is used to express the balance between a companies total debt and its assets. It shows at what ratio the company's assets are funded by investors, stakeholders etc.

Since the industry average debt-to-equity ratio is 0.80 and the two companies have debt-to-equity ratios of 1.00 and 1.50 respectively, they are both over the average.

But with the higher ratio, Carter Co. has a higher financial risk compared to Sunny Co. and the industry average debt-to-equity ratio. So the correct answer is C.

I hope this answer helps.

8 0
3 years ago
Which account will a merchandising business close out at the end of the year?
Paha777 [63]

Answer: B. Sales returns and allowances

Explanation:

Accounts receivable is not closed out because people will still be owning at year end. Prepaid Insurance is an unrecognized payment for an expense in another period so it is not closed out either.

Land is a fixed asset so it is not closed and Accumulated depreciation will be left open to keep depreciating assets.

Only account that will be closed is the Sales returns and Allowances account as these are periodic entries and so should be closed out in the period.

8 0
2 years ago
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Check all
jeka94
<span>To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask?
What can go wrong? </span>What are the alternatives? <span>What is the likely return? </span>Is the risk worth the return?
<span>When assessing a situation where there could be risk to generate a return, make sure that all questions regarding the return vs the risk are asked. It is important to weigh out all options and make the best decision regarding the purchase. The four questions above are practical and important when assessing risk. </span>
6 0
3 years ago
Read 2 more answers
In 1 or 2 sentences, define intellectual property and list the four ways that the government provides intellectual property righ
OLEGan [10]
Intellectual Property is protected by law, for example, patents<span>, </span>copyright<span> and </span>trademarks<span>, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.

</span><span>The main types of intellectual property include copyright, trademark, and patent. In some countries, "related rights" or "neighboring rights" are a significant subset of copyright; patents can be divided into utility, design, and plant patents, depending on what they protect; trade dress is an important subset of trademark.
</span>
Kinda wordy but I hope this can help!
5 0
3 years ago
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