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vodomira [7]
3 years ago
8

Dots sells T-shirts for $2 and shorts for $3. In April, total sales were $576. People bought 3 times as many T-shirts as shorts.

  How many T-shirts and shorts did Dots sell?
Business
1 answer:
lyudmila [28]3 years ago
4 0
So here is how we are going to find the answer.
Given that T = $2 and S = $3 and the total amount is $576.
Since people bought 3 times <span>as many T-shirts as shorts, we can say that S = 3 (T)
Therefore: T + 3 (T) = 576
4T = 576
T= $144
S = 3 (T)
S = 3 (144)
S = $432

Now that we have the total amount of each items, we will divide them with the corresponding price.
T = $2, 144 divided by 2 and we get 72. Therefore, 72 T-shirts were sold. 
S = $3, So, 432 divided by 3, and we get 144. Therefore, 144 shorts were sold.
Hope this answers your question. Have a great day!</span>
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Costs and benefits are weighed to determine if producing the good will be profitable.

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An example of a financial analysis that can be used is the cost benefit analysis. The cost benefit analysis involves determination of all the resources that will be needed as input. The input is then convert into monetary terms, then summed together. The total amount of input in monetary terms is the cost, since that i the total amount needed to process the raw materials to finished goods. The future benefits are also forecasted and converted into monetary terms. The comparison of the costs versus the benefits forms what is collectively termed as the cost and benefits analysis.

When the costs outweigh the benefits, then the good should not be produced. When the costs are equal to the benefits, it means the business will break-even, so there will be no profits, it is advisable not to produce the good. Finally, when the benefits outweigh the costs, it is advisable to produce the good.

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What are some of the reasons that an organization would need to document their existing gpo settings?
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$2,880

Explanation:

US GAAP requires companies to value their inventories at lower of cost or net realizable value.

so we calculate both:

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Since the net realizable value is lower, then the computers must be recorded at that price.  

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The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $79,000 to an employee of the company and r
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Answer:

a.

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b.

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c.

30 June 2018  Interest receivable     $3950 Dr

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d.

1 July 2018   Cash                                   $79000 Dr

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Explanation:

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The receipt of note against issuing loan will cause a credit to cash against notes receivable.

b.

The interest from July to Dec 2017 relates to 2017. Following accrual principle it will be recorded as interest revenue and as it is not received so an asset Interest receivable will be debited.

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d.

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