Answer:
Total cash of $323,000 was paid during October.
Explanation:
The company had 167,000 accounts payable at the start of October after that they purchased a further 296,000 on account this means that their accounts payable during October were (296,000+167,000)= 463,000.
Now at the end of October they have remaining accounts payable of 140,000 which means that they paid off the rest, so we will subtract 140,000 from 463,000 in order to find how much cash was paid.
463,000-140,000= 323,000.
Answer:
The Excel YEAR function returns the year component of a date as a 4-digit number.
Explanation:
Answer:
$ 1733
Explanation:
Cost Marginal Investment in Accounts Receivable = Marginal Investment in Accounts Receivable * firm's required return on investment
Marginal Investment in Accounts Receivable = Average Investments Under proposed Plan - Average Investments Under present Plans
Average Investments in Accounts Receivable = Total variable cost of annual sales / Turn over of account receivables
Turn Over of account receivables = 360/ average collection period.
Using above formula for calculation , Answer = $ 8665 * 20% = $ 1733
Answer:
a. Annual consumer expenditure
9,000,000,000* $0.24= $2.16 billion
b. farmers receive for wheat production
19,000,000,000* $0.24=$4.56 billion
c. government expenditure on wheat
total production by farmers minus total purchase by consumers (because excess production is stored by the government)
$4.56 billion - $2.16 billion = $2.46 billion
Answer: inefficient because Steven and Ingrid could have made a mutually beneficial trade.
Explanation:
Regarding the question, Ingrid was waiting for "Mamma Mia!" show to come to town; it eventually came with tickets cost of $60. Even though Ingrid's reservation price was $75, he was not able to get a ticket as they had been sold out.
On the other hand, Steven got a ticket for $60 even though his reservation price for the ticket was $65. Steven eventually attended "Mamma Mia!" show while Ingrid does not. This is an inefficient situation because Steven and Ingrid should have made a mutually beneficial trade which could have happened if Steven had sold Ingrid the ticket for the show for $70 and they would have been better off.
