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3 years ago

Waterway’s Market recorded the following events involving a recent purchase of merchandise:

Business

1 answer:

xz_007 [3.2K]3 years ago

3 0

Answer:

$73,561

Explanation:

The computation of inventory increased is shown below:-

Inventory increase = (Received goods - Returned goods) × (1 - 0.01) + Freight charges

= ($75,000 - $1,100) × 0.99 + $400

= $73,900 × 0.99 + $400

= $73,161 + $400

= $73,561

Therefore for computing the increased inventory we have simply applied the above formula.

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What steps did fdr take in response to the economic improvements of 1935 and 1936?

Kryger [21]

In the first hundred days of his presidency, FDR knew that he would have to provide relief to the U.S. citizens, create jobs and stimulate the economy. His first step was to bring back the peoples confidence in banks. Next, he had to help local relief agencies. He convinced congress to establish the Federal Emergency Relief Agency which sent funds to agencies. The FERA put money into public work programs to support people who were out of work. FDR also established the Civilian Conservation Corps which help put men to work on cleaning up national parks.

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3 years ago

Evaluate the following statement: "Saving money is not lending. How can it be? When I save my money, I put it in a bank. I

salantis [7]

Answer:

The correct answer is option C.

Explanation:

When we save we deposit it in the bank and do not loan it out directly. But the bank keeps a certain portion of it and lends out the rest to those who need credit. So, the savings that we deposit in the bank become the basis of credit creation.

That is why the statement about saving and lending given in the question is incorrect.

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2 years ago

Ellen, a manager at a marketing firm, noticed that one of her subordinates, who is usually good-natured, has been moody, irritab

ASHA 777 [7]

Answer:

b. burnout

Explanation:

-Depression is an illness that makes people feel sad and without interest in performing activities that they used to do.

-Burnout is when a person is really tired because of a lot of stress and the person feels exhausted, overwhelmed, unmotivated and with a negative attitude.

-Insomnia is when a person has a problem to fall sleep and people feel that they are not able to rest.

-Occupational disease is an illness that is caused by the conditions in your job.

According to this, the answer is that such symptoms are most likely an indication that the subordinate is experiencing burnout because it appears when a person has a lot of stress which results in being in a bad mood, unmotivated and the person neglects the job.

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3 years ago

Hartong Corporation is contemplating purchasing equipment that would increase sales revenues by $185,000 per year and cash opera

krek1111 [17]

Answer:

The simple rate of return on the investment is closest to: C. 10.6%

Explanation:

In Hartong Corporation:

Increasing net income = Increase sales revenues - Cash operating expenses - Annual depreciation expense = $185,000 - $89,000 - $52,000 = $44,000

This is the net income from the equipment per year

Return on the investment (ROI) is calculated by using following formula:

ROI = (Net income/Cost of investment )x 100%

Cost of investment = Cost of equipment = $416,000

ROI = ($44,000/$416,000) x 100% = 10.6%

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3 years ago

Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Couga

True [87]

Answer and Explanation:

The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-

Cougar Corp.

Bank reconciliation

For the year ended December 31

Particulars Amount

Bank balance Dec 31 $24,575

Add: Deposit in transit $2,500

Less:

Outstanding checks #302 ($180)

Outstanding checks #303 ($95)

Outstanding checks #304 ($25) ($300)

Bank balance adjusted $26,775

Cash balance on 31 Dec $26,504

Add: EFT from customer $1,700

Add: Interest income $21 $1,721

Less: Posting error

($5,400 - $4,500) $900

Less: NSF check $500 $1,400

Book balance adjusted $26,775

Hence, the bank balance and the book balance are matched

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2 years ago