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wolverine [178]
3 years ago
10

Read the scenario. Raoul is heading to college and needs a reliable car. He has a steady part-time job that he can keep while in

school, and he likes to change things up every now and then. However, he will not have a lot of extra money to spend on repairs and maintenance on his car. Based on this scenario, Raoul should:
buy a used car.
lease a used car.
buy a new car.
lease a new car.
Business
2 answers:
fredd [130]3 years ago
8 0
Lease a new car or the fourth answer choice
jekas [21]3 years ago
8 0
The right answer is D lease a new car.
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Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that T
Karo-lina-s [1.5K]

Answer:

Torres Company received  $4,800 on May 12.

Explanation:

<u>When The Sale was made, the following entries apply :</u>

J1

Trade Receivable $5,000 (debit)

Sales Revenue $5,000 (credit)

J2

Cost of Sales $3,000 (debit)

Merchandise $3,000 (credit)

J3

Freight Expenses $110 (debit)

Cash $110 (credit)

<u>When Campbell Company returned Merchandise :</u>

J1

Sales Revenue $200 (debit)

Trade Receivable $200 (credit)

<u>When Campbell Company pays for the goods</u>

The payment is made 2 days out of the discount period, therefore not eligible for discount.

<em>Settle amount in full less Return Allowance of $200</em>

Trade Receivable $4,800 (debit)

Cash  $4,800 (credit)

Conclusion :

Torres Company received  $4,800 on May 12.

6 0
3 years ago
What percentage of businesses in America are home businesses?
Sladkaya [172]

Answer:

c

Explanation:

most are home businesses you can write off many things on taxes and have less overhead (bills and rent )

6 0
3 years ago
In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte
likoan [24]

Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.

<h3>What is an equilateral triangle?</h3>

An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.

Since triangle LMN is an equilateral triangle, the following applies:

LN = LM = MN

∠LNM = ∠L = ∠LM = 60°

OP // MN (O and P are midpoint).

∠NPO = 90° + (90° - 60°) = 120°

∠PNO = ∠LNP/2 = 60/2 = 30°.

Therefore, ∠PON is given by:

∠PON = 180° - (∠PNO + ∠NPO)

∠PON = 180° - (30° + 120°)

∠PON = 180° - 150°

∠PON = 30°

Read more on equilateral triangle here: brainly.com/question/14709905

#SPJ1

4 0
1 year ago
Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,300 Advertising e
Misha Larkins [42]

Answer and Explanation:

The computation is shown below

a. The cost of goods manufactured is

Materials used in product $130,300

Labor costs of assembly-line workers 116,100

Depreciation on plant 62,500

Property taxes on plant 24,300

Factory supplies used 34,000

Work in process inventory at January 1 $14,400

Less: Work in process inventory at december 1 -$17,600

Cost of goods manufactured $364,000

b. The cost of goods sold is

= Opening finished goods + cost of goods manufactured - ending finished goods

= $61,100 + $364,000 - $48,500

= $376,600

8 0
3 years ago
A manager is concerned that there isn’t enough time spent on production and too much time spent on setups. The manager decides t
Katarina [22]

The impact would be that the average size of the inventory will increase.

If the manager has decided to double the production batch size then the average size of the inventory will also increase.

<h3>What is an inventory? </h3>
  • In general terms an inventory refers to all the goods, items, products, which are a part of the business organization.
  • For different industries the inventories have different meanings.
  • Manufacturing industry: the inventory is not only the finished or the final product but also the raw materials are included.
  • Service industry: the inventory of the service industry includes the steps involved in the sales of the product.
  • Raw materials, finished goods, work that is in process etc.. all of this is inventory.
  • Inventory is an important asset for all businesses and it is important to understand the meaning of it.

To learn more about inventory visit:  brainly.com/question/14179825?

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6 0
1 year ago
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