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Ratling [72]
3 years ago
5

Suppose LovetoRead sells 1 comma 600 hardcover books per day at an average price of $ 50. Assume that LovetoRead's cost for the

books is 55​% of the selling price it charges retail customers. LovetoRead has no beginning​ inventory, but it wants to have a​ three-day supply of ending inventory. Assume that selling and administrative expenses are $ 3 comma 200 per day. Determine LovetoRead's budgeted purchases for the next​ (seven-day) week. A. $ 800 comma 000 B. $ 176 comma 000 C. $ 440 comma 000 D. $ 308 comma 000
Business
1 answer:
Oduvanchick [21]3 years ago
5 0
First you have to turn left mom, NO MOM TURN LEFT, okay now do you see that hole in the ground, yea , ok good now jump down it and come get me , i got tied up, okay thank you, OKAY STOP SIRI, STOP TEXTING MY MOM ALREADY SIRI, SIRRIIIIIIIIIII
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Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits to better hold in the wearer
spin [16.1K]

Answer:

B) Millcorp has a lawful innocent acquisition of a monopoly.

8 0
3 years ago
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Tyler Jones is authorized to prepare and sign checks for the company. He also enters the checks Into the ledger. He wrote a $500
Natali [406]

Answer:

A. All checks require two signatures.

Explanation:

Internal controls refer to the checks and balances that an organization puts into place to ensure its financial transactions' integrity. They are the measures and regulations that safeguard against fraudulent transactions, especially in the finance department. Internal control protects business assets from theft and misuse by malicious employees.

Requiring all transactions to be approved by a senior officer is a control measure that would have prevented Tyler Jones from succeeding in stealing. In this case, the check would have to be signed by a second person. The second signature serves as an approval.

3 0
3 years ago
Why is the greece financial crisis described as a depression and not a recession?
Alex73 [517]

<span>The financial crisis in Greece is described as depression rather than recession is because the Greece’s economy had taken a severe and sustained economic downturn. Greece’s economy has been marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced. Depression is a more severe form of recession. Recession lasts a few months, while depression lasts longer. </span>

6 0
3 years ago
On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, 200 shares of DELTA Corporation stock at $
aev [14]

Answer:

The balance sheet amount for trading securities will be 12,000

Explanation:

The trading securities are valued at fair value, their diference through dates will generate Other Comprehensive Income.

For the matter of valuation, the gain/loss is not relevant. We just need to multiply market value with the number of shares to get the total for each company, then we add them to get the total for trading securities.

\left[\begin{array}{cccc}-&shares&market \:price& subtotal\\CHARLIE&100&22&2200\\DELTA&200&34&6800\\ECHO&100&30&3000\\Total&400&-&12000\\\end{array}\right]

The balance sheet amount for trading securities will be 12,000

7 0
3 years ago
Which of the following would NOT increase the supply of money in a fiat money economy?
vfiekz [6]

Answer:

The correct answer is option c.

Explanation:

Fiat money refers to the currency which is not backed by any physical assets such as gold or silver. Its value is derived from its demand and supply rather than through the value of commodity it is backed by.  

Since the currency is not backed by gold, it will not be affected by the discovery of gold. Had it been backed by gold, the money supply would have increased.  

Purchasing treasury securities, decreasing the required reserve ratio, decreasing the discount rate will all increase the reserves with the commercial This will lead to an increase in money supply through increased lending.

Since water is an abundant commodity, linking the value of money to water will increase money supply.

4 0
3 years ago
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