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olga_2 [115]
4 years ago
12

Acme Enterprises began the year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this merc

handise for $5,000 on account. Two weeks later, Acme paid its suppliers $1,000 and bought another $4,000 of merchandise on account. Acme now has an Accounts Payable balance of:
A. S11,000.

B. S6,000

C. S1,000.

D. S4,500.
Business
1 answer:
storchak [24]4 years ago
8 0

Answer:

b, $6,000

Explanation:

Acme Enterprises owe $3,000 at the start of the year

Acme sells half the merchandise for $5,000 then pays $1,000 from the $3,000 initially owed.

this means that after paying $1,000 from the previous $3,000 debt, Acme enterprises now have a debt of $3,000 - $1,000 = $2,000

After paying the $1,000, Acme enterprises bought another merchandise of $4,000.

Having in mind the existing $2,000 debt from the first purchase, Acme Enterprises now has an account payable balance of $2,000 + $4,000 = $6,000.

Cheers.

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The coefficient of variation, calculated as the standard deviation of expected returns divided by the expected return, is a stan
SOVA2 [1]

Answer:

The correct answer is True.

Explanation:

Whenever a conflict arises within the classification of projects between the expected monetary value and the standard deviation, the coefficient of variation is used to try to solve the problem. For this reason, it is concluded that the coefficient of variation is a standardized measure of risk.

5 0
4 years ago
What are operating expenses?
skad [1K]

Answer:

see below

Explanation:

Operating expenses are the cost a business incurs while engaging in its normal business operations. They are the costs not directly be attached to the production process. A business incurs operating expenses in managing it day to day activities. They exclude one time expenses such as judgment cost,  accounts adjustments, and other non-recurring costs.

Operating expenses are classified into administrative, selling, and general expenses. Businesses cannot avoid operating expenses; hence the management should strive to keep them as low as possible. Examples of operating expenses include rent, salaries,  employee benefits, transport,  depreciation, repairs, taxes, sales commissions, amortization, and pension contributions.

3 0
4 years ago
Which of the following is NOT a benefit of specialization and trade? Select one: a. Increase in productivity from specialization
lbvjy [14]

Answer:

b. It creates equality throughout society

Explanation:

Specialisation & Trade refer to tendency of countries to produce goods of their specialisation & trade them with each other , rather than each country producing each good.

It leads to increase in productivity from knowledge specialisation, based on advantage (absolute, comparative) based production. It also makes people better off, increase in welfare due to choice expansion among differing preferences.

However, it is not in anyways connected to equality throughout society.

3 0
3 years ago
If the U.K. exports 14 billion British Pounds of​ products, and imports 10 billion British pounds of​ products, its trade balanc
rodikova [14]

Answer:

D) 4 billion British pounds

Explanation:

Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.

It could be a deficit or surplus.

Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.

Surplus trade balance refers to when export of a country is more than the import.

Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.

Export is the sending out of goods to a foreign country. That is the selling of goods to another country.

Trade balance= Export- Import

=14 billion British pounds- 10 billion British pounds

=4 billion British pounds

The trade balance that occurs here is surplus trade balance where export is more than import.

5 0
3 years ago
Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate of 6%, compounded semiannuall
polet [3.4K]

The ending balance will be $9.50

Option b

<u>Explanation:</u>

Given:

Principal amount = $100

Annual interest rate = 6%

Compounding is semi-annual

To find: The ending balance

Balance after 6 months = 100+0.06*100/2 = $103

Hence, balance remaining after withdrawal of $100 = $3

Remaining periods =

Balance after 20 years = Future Value (0.06/2,39,0, -3) = $9.50

8 0
3 years ago
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