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Alekssandra [29.7K]
3 years ago
11

Hamilton Company reported an increase of $370,000 in its accounts receivable during the year 2018. The company's statement of ca

sh flows for 2018 reported $1 million of cash received from customers. What amount of net sales must Hamilton have recorded in 2018?a. $630,000b. $1,370,000c. $1,000,000d. $370,000
Business
1 answer:
ki77a [65]3 years ago
6 0

Answer:

amount of net sales =  $1370,000

so correct option is b. $1,370,000

Explanation:

given data

Increase in Accounts Receivable = $370,000

Cash Received = $1 million

to find out

amount of net sales

solution

we get here amount of net sales that is express as

amount of net sales = Cash Received + Increase in Accounts Receivable .............1

put here value we get

amount of net sales =  $1000000 + $370,000

amount of net sales =  $1370,000

so correct option is b. $1,370,000

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Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions
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Answer:

1. Suppose Quantity of Apple sold in year one & two =  100Kg.

Price in year 1 = $1.50 per kg

Price in year 2 = $3.00 per kg

Nominal GDP 1 = Price * Quantity = 1.50*100 = $150

Nominal GDP year 2 = 3*100 = $300

Change in Nominal GDP = $150

Percentage change in Nominal GDP = 100%

b. Real GDP of year 1 = Nominal GDP of year 1 = $150

Real GDP of year 2 = 1.50*100 = $150

Change in Real GDP = 0%

2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units

a. Nominal GDP year 1 = 1*100+1.5*100 = $250

Nominal GDP year 2 = 2*100+3*100 = $500

Percentage change in Nominal GDP = 500-250/500 * 100 = 100%

b. Real GDP year 1 = $250

Real GDP year 2 = 1*100 + 1.5*100 = $250

Percentage change in Real GDP = 0%

6 0
2 years ago
Suppose that Omar's marginal utility for each additional cup of coffee is 5.5 utils per cup no matter how many cups he drinks. O
Lelechka [254]

Answer:

Explanation:

To answer this question, we first need to calculate the marginal utility per dollar for doughnuts. Recall that the marginal utility per dollar for a good is the marginal utility divided by the price of the good (=MU/P). For the first doughnut we have 10 (=10/$1), the second doughnut 9(=9/$1), third 9, fourth 8, fifth 7, sixth 6, seventh 5, eighth 4, ninth 3, tenth 2 and eleventh 1. The marginal utility per dollar for every cup of coffee is 5.5 (=5.5/$1). To determine how big the budget would have to be before Omar would spend a dollar buying his first cup of coffee, we compare the marginal utility per dollar values. Omar will purchase the first doughnut before he buys a cup of coffee because the marginal utility per dollar for the doughnut is greater than the marginal utility per dollar for the cup of coffee (10>1.5). The same is true for the second through the eighth doughnut. This implies Omar will buy 8 doughnuts at the price of $1 before he buys his first cup of coffee. Therefore his budget will need to $9 before he buys his first cup of coffee, $8 on the doughnuts and $1 for the cup of coffee.

Answer: $8

8 0
3 years ago
The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets
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Answer:

7.3%; 12.17%; 0.6 times; 15.95%

Explanation:

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= Net Income ÷ Average total assets

= ($65,700 ÷ $900,000) × 100

= 7.3%

Profit Margin:

= Net Income ÷ Net Sales

= ($65,700 ÷ $540,000) × 100

= 12.17%

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A principal real estate broker is responsible to review and initial all documents written by his associated real estate brokers
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Answer:

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In each country, the activity is governed by a particular law, so far there is no law that regulates real estate issues worldwide, despite the fact that many real estate agents carry out transactions in countries other than their headquarters.

8 0
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tester [92]

Answer:

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8 0
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