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lys-0071 [83]
3 years ago
11

Messing company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon de

posit of customers' credit card sales receipts. the credit card company receives 3.5 percent of card sales as its fee. messing has $4,000 in credit card sales on january 1. prepare the january 1 journal entry for messing company by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
Svetlanka [38]3 years ago
8 0

Cash $3860

Credit Expense $140

Sales $4,000

(3.5% of $4,000= $140)

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Interest earned on both the initial principal and the interest reinvested from prior periods is called _______.
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Answer:

<em> </em><em>interest </em><em>earned</em><em> </em><em>on </em><em>both</em><em> </em><em>the </em><em>initial</em><em> </em><em>principal</em><em> </em><em>and </em><em>the </em><em>interest </em><em>reinvested </em><em>from </em><em>prior </em><em>periods </em><em>is </em><em>called </em><em><u>compound</u></em><em><u> </u></em><em><u>interest</u></em><em><u>.</u></em>

________________________________

<em>Compound </em><em>interest</em><em>.</em><em> </em><em>The </em><em>interest</em><em> </em><em>which </em><em>is </em><em>added </em><em>on </em><em>to </em><em>the </em><em>initial</em><em> </em><em>investment</em><em>,</em><em> </em><em>so </em><em>that</em><em> </em><em>this </em><em>will </em><em>itself</em><em> </em><em>gain </em><em>interest </em><em>in </em><em>subsequent</em><em> </em><em>perio</em><em>d</em><em>s.</em>

7 0
3 years ago
Using the factors of production to produce one item means there are fewer resources to use in the production of another.
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The answer to that question is fakse
7 0
3 years ago
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As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mit
Tems11 [23]

To mitigate the <u>bargaining</u><u> power of suppliers</u> of the airline industry, karyn explores options for her company to manufacture its own airplanes.

<h3>What is bargaining power of suppliers?</h3>

Bargaining power of suppliers occur when companies or organization are under pressure  when the price of the product they purchase from a supplier increase or when their is scarcity of the product.

Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.

Therefore to mitigate the <u>bargaining</u><u> power of suppliers</u> the  company should  manufacture its own airplanes.

Learn more about Bargaining power of suppliers here:brainly.com/question/26500183

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7 0
2 years ago
The United States Navy purchases uniforms from a single supplier. For the last twenty-five years, the trousers purchased from th
SVETLANKA909090 [29]

Answer:

C. straight rebuy

Explanation:

Straight rebuy -

It is the method , when the customer purchases another identical goods in the  same amount with the same terms and condition , from the very same supplier , is known as straight rebuy .

Hence , from the question ,

The United States Navy buys uniform from the same supplier for the last 25 years .

Therefore ,

the information given in the question is about straight rebuy .

8 0
3 years ago
Mullineaux Corporation has a target capital structure of 46 percent common stock, 5 percent preferred stock, and the balance in
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Answer:

c. 11.02 percent

Explanation:

Weighted Average Cost of Capital (WACC) is the return that is required by the long term providers of Finance for the Business.

WACC = Ke × E/V + Kp × P/V + Kd × D/V

Where,

Ke = Cost of Equity

     = 15.8 %

E/V = Market Weight of Equity

       = 0.46

Kp = Cost of Preference Stock

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P/V = Market Weight of Preference Stock

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Kd = After tax Cost of Debt

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D/V = Market Weight of Debt

      = 0.49

Therefore,

WACC = 15.8 % × 0.46 + 8.3 % × 0.05 + 6.8 % × 0.49

           = 11.015 or 11.02 %

6 0
3 years ago
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