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Sergeu [11.5K]
3 years ago
9

What is the change due if a $5 bill is tendered for a charge of $4.21? The change in dollars and cents would be $ a0.

Business
1 answer:
Yuri [45]3 years ago
8 0

Answer: $0.79.

Explanation:

Given that,

Tendered bill = $5

Bill charged = $4.21

Therefore,

The change due is calculated by subtracting bill charged from tendered bill.

Change due = Tendered bill - Bill charged

                     = $5 - $4.21

                     = $0.79

Hence, change in dollars would be $0.79.

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Funds acquired by the firm through retaining earnings have no cost because there are no dividend or interest payments associated
kow [346]

Answer:

False

Explanation:

Retained earnings have no flotation costs, but have opportunity costs. For example, if companies distribute the earnings to shareholders, shareholders can invest the funds in alternative sources for returns.

8 0
3 years ago
Read 2 more answers
Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl
polet [3.4K]

Answer: 12.5 times

Explanation:

The accounts receivable turnover tells you how effective your company's collection mechanism is.

Accounts Receivable turnover = net credit sales/accounts receivables

= 8500000/600000+760000 = 12.5 times.

5 0
3 years ago
Which of the following is absolutely necessary for successful implementation and operation of MRP? (I) accurate inventory record
frez [133]

Answer:

(A) I, II, and IV only

Explanation:

The Material Requirements Planning MRP is used to calculate tha materials needed for production. It may be done by software but it can be done without any technological tool.

The most important information for MRP is about the available inventory for future production, in this way the company will know what materials are needed for future production. To provide the materials on time it is necessary to know the master schedules of production, making sure that the supplies will be ready on time for manufacturing process. Finally, the accurate Bills of materials are used as a check list to verify that there is not any pending component for the production process. Even when the MRP may include costs, it is not a vital component for the system and some companies can have MRP without including costs.

4 0
3 years ago
older person nearing retirement might typically find it better to invest in ________ since they generally seek less risk with th
Zarrin [17]

Answer:

A las personas mayores que se acercan a la jubilación generalmente les parece mejor invertir en NEGOCIOS ya que generalmente buscan menos riesgo con sus inversiones.

5 0
2 years ago
The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992
mezya [45]

Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $101,998 ÷ 67,992 hours

= $1.50

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 70,000 hours × $1.50

= $105,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $106,000 - $105,000

= $1,000 under-applied

8 0
3 years ago
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