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3 years ago

Nate rogers deposited $5,000 in a 3-year bank cd which pays six percent interest. what type of financial service is nate using?

1 answer:

5 0

Below are the choices:

A. payment services
B. saving services
C. borrowing services
D. trust services
E. asset management

The answer is B - saving services.
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Requirement 4. Zeke's top management is deciding whether to embark on a $ 190 comma 000 advertising campaign. The marketing fir

MrRissso [65]

Answer: It will increase the company's annual operating income by 18%.

Explanation: Operating income is an accounting and finance term which is known as the total amount generated by a business Organisation after the total costs that are associated with the operations and the tax have been deducted from the total revenue generated during the period under review.

AN OPERATING INCOME CAN BE CALCULATED YEARLY OR ANNUALLY (ANNUAL OPERATING INCOME).

The higher the operating income the higher the profit margin earned by the business Organisation.

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4 years ago

John charleston owns a heating oil delivery company that services 1,540 residences. john would like to estimate the number of c

hammer [34]

(0.276, 0.354) is the answer

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3 years ago

Cost of goods sold during the year was $183,000. During the year, merchandise inventory decreased by $8,000, prepaid expenses in

krok68 [10]

Answer:

The correct option is B

Explanation:

In this question, we are asked to calculate the cash payment to suppliers total.

To calculate this, we employ a mathematical approach.

Mathematically;

Cash Payment to supplier

= cost of goods sold - decrease in inventory +decrease in account payable

From the question, we identify;

Cost of goods sold = $183,000

Decrease in inventory =$8,000

Decrease in account payable =$4,000

Plugging these values in the equation, we have;

Cash payment to supplier = 183000 - 8000+4000

= $ 179000

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4 years ago

Read 2 more answers

Without a strong and efficient marketing channel system, merchandise isn't available when customers want it. True False

Andrews [41]

Answer:

TRUE

Explanation:

Network representatives add value for suppliers and clients alike. They balance the difference between buyers and sellers in terms of time, location, and ownership.

Channel representatives collect demand and supply information to make the services available on the marketplace.

At a market level, product placement relates to the wide range of products available on the market and presentation of those items in such a manner as to generate curiosity and entice investors to make a buy.

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3 years ago

The Accounts Receivable balance for Clark , Inc. at December 31, 2017 , was $ 24 comma 000 . During 2018 , Clark earned reve

Ne4ueva [31]

Answer:

Debit Bad debt expense $13,314

Credit Allowance for doubtful account $13,314

(To record bad debt expense)

Explanation:

The following transactions took place in 2018:

Debit Accounts receivable $457,000

Credit Sales revenue $457,000

(To record sales revenue on account)

Debit Cash $323,000

Credit Accounts receivable $323,000

(To record collection on account)

Debit Allowance for doubtful account $6,100

Credit Accounts receivable $6,100

(To record write-off of accounts receivable)

The net impact of the above journals on accounts receivable is $24,000 + $457,000 - $323,000 - $6,100 = $151,900.

6% of $151,900 = $9,114. However, the write-off would reduce the allowance account as follows: $1,900 - $6,100 = $4,200 debit balance, the required bad debt expense would be $9,114 + $4,200 = $13,314. The addition is necessary in order to reinstate the allowance account to $9,114. The required adjustment is recorded under the answer section.

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3 years ago