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dusya [7]
3 years ago
9

when a sale is made to a customer on credit, it creates an a/r that is classified on the balance sheet as

Business
1 answer:
zalisa [80]3 years ago
4 0

The correct answer is a current asset.

When a business makes a sale on account it creates an a/r, which stands for accounts receivable. Accounts receivable are categorized as a current asset on the balance sheet.

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What most likely will happen if the pie maker bakes a seventh pie?
Korvikt [17]

Answer:

The marginal cost will most likely increase to $2.00

4 0
3 years ago
Read 2 more answers
In Florida it is customary for the seller to pay the document tax on the deed. If the sale price is $115,000, how much will the
Dennis_Churaev [7]

Answer:

805

Explanation:

The document tax which is to be paid by the seller in Florida on deed is $0.70 per $100 of the sale value.Based on this, the document tax on the sale price of $115,000 shall be calculated as follows:

Document tax=(Sale value/100)*0.70

Sale value=$115,000

Document tax=(115,000/100)*0.70

                       =1,150*0.70

                       =805

4 0
3 years ago
Stryder, Inc., has 3 million shares outstanding at a current price of $15 per share. The book value of the shares is $10 per sha
KengaRu [80]

Answer:

Answer:

                                                                                         $

Market value of shares (3,000,000 x $15)           = 45,000,000

Market value of bonds (30,000,000 x $101/100) = 30,300,000

Market value of the firm                                            75,300,000

The correct answer is D

Explanation:

Market value of the firm is the sum total of market value of shares and market value of bond. The market value of each stock is equal       to number of stocks issued multiplied by current market price of each stock.

Explanation:

6 0
3 years ago
John has two hours of free time this evening. He ranked his alternatives, first go to a concert, second go to a movie, third stu
sasho [114]

Answer:

a.Attending a movie

Explanation:

The opportunity cost is the cost or value or the item foregone. That is way opportunity cost is also known as alternative foregone.

It is also known as the real cost. When the wants are listed in a scale of preference in the order of priority, the limited resources is used to satisfy the first item on the list while the next unfulfilled want is the opportunity cost.

Therefore, for John, the opportunity cost is attending the movie, option a.

6 0
3 years ago
Blackwelder factory produces two similar products-small lamps and desk lamps. the total plant overhead budget is $640,000 with 4
olasank [31]

Answer: b. $188,800 Blackwelder Company will allocates $188,800 to desk lamp production if the actual direct hours is 118,000.

We have the following:

Total Plant Overhead = $640,000

Total Estimated Direct labour hours = 400,000 hours

Actual labour hours for desk lamp = 118, 000 hours

Overhead allocation rate = \frac{Total overhead}{Total estimated direct labor hours}

Overhead allocation rate = \frac{640,000}{400,000}

Overhead Allocation Rate =  $1.6

Factory overhead allocated = Overhead allocation Rate * Actual labour hours [/tex] [tex] Factory overhead allocated = $188,800 (1.6 * 118,000)

3 0
3 years ago
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