Answer:
Purchases on credit in 2017 are $15,007
Explanation:
Credit Purchases can be determined by opening a Total Accounts Payable T - Account as follows :
Total Accounts Payable T - Account
Debit :
Closing Balance $12,603
Cash Payments $20,338
Totals $32,941
Credit :
Opening Balance $17,934
Credit Purchase (Balancing figure) $15,007
Totals $32,941
Answer:
option (B) 5
Explanation:
Given:
Estimated number of men required if no rain = 10
Number of days required in there is no rain = 110
Number of days with rain = 5
Number of people hired after the 61st day = 6
Therefore,
Total man-days required = 10 × 110 = 1100
Total Man-days before 61st day
= (60 days - number of days with rain ) × Initial number of men
= ( 60 - 5 ) × 10
= 550
let the number of days it rained after day 60 be 'n'
Thus,
Man-days worked after 61st day
= Total number of men after 61st day × ( 100 days - 60 days - x )
= 16 × (40 - n)
also,
Total man-days required = Total Man-days before 61st day + Man-days worked after 61st day
or
1,100 = 550 + 16 × ( 40 - n )
or
550 = 640 - 16n
or
n = 5.625
therefore,
It rained for 5 days
option (B) 5
Answer:
B. a qualitative forecasting technique in which experts work individually to develop forecasts.
Explanation:
The Delphi method is a forecasting process framework based on the results of multiple rounds of questionnaires sent to a panel of experts. Several rounds of questionnaires are sent out to the group of experts, and the anonymous responses are aggregated and shared with the group after each round.
The experts will answer without brainstorming with others
Answer:
B. No, no free entry
Explanation:
With a patent granted to one pharmaceutical company to produce and sell an experimental AIDs drug, all doors of free entry and exit have been locked against other pharmaceutical companies. This implies that one of the major ideals of a competitive market is violated. Without free entry and exit, there cannot be many sellers, and we cannot discuss about the possibility of firms producing identical products because there is only one drug.
Answer:
Net Income $12,400
Explanation:
Preparation of a corrected income statement.
GREENSTREAM INSURANCE Agency Income Statement For the Month Ended June 30
RevenuesService Revenue $42,000
[$40,000 +(20%* $10,000).]
Expenses:
Salaries and Wages Expense $17,300
($12,000 + $5,300)
Rent Expense 4,200
Depreciation Expense 3,300
($2,800 + $500)
Supplies Expense 2,800
($0 + $2,800)
Utilities Expense 1,200
($0 + $1,200)
Advertising Expense 800
Total expenses 29,600
Net Income $12,400
(42,000-29,600)
Therefore the net income for the corrected income statement will be $12,400
