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3 years ago

Brent would like to start a small landscape business this summer. He has a lawn mower, but needs a truck to

Business

1 answer:

Bumek [7]3 years ago

7 0

Answer:

I would buy the 2000 Toyota Tundra. Yes it is the most expensive, but it is the newest so it should require less expense money for problems, it is a manual transmission 6 cylinder so it should get better gas mileage, and it has fewer miles. The rankings of these trucks are not provided, however a Toyota tundra is considered to be a workhorse in the truck. If this is an opinion question, that's my choice.

Explanation:

You might be interested in

Which of the following changes in the loanable funds market will decrease the equilibrium real interest rate?

LuckyWell [14K]

Answer:

The answer is Option C

Explanation:

Any event that would either decrease the demand for loanable funds or increase the supply of loanable funds will decrease the equilibrium interest rates. Supply of loanable funds is affect by the amount of national savings. National savings in turn, is the sum of private savings, public saving and net capital inflow.

In option C, capital inflows are increasing. This means that there would be an excess supply of money in the economy which can be converted into loanable funds. This would, therefore, push the supply curve to the right thereby reducing the real interest rate equilibrium.

7 0

3 years ago

If a customer buys $10,000 worth of stock in a cash account, then sells the shares for $12,000 without first paying for the buy

katovenus [111]

Answer:

B) II and III.

Explanation:

Based on the information given the statement that are TRUE are II and III

II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000

III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.

3 0

3 years ago

Beautiful Lawns Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age

mr_godi [17]

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Beautiful Lawns report in 2016

Using this formula

Bad debts expense=Estimated doubtful accounts -Allowance for Doubtful Accounts credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The amount of bad debts expense that Beautiful Lawns will report in 2016 is $3,000

8 0

3 years ago

Kalons, Inc. is a U.S.-based MNC that frequently imports raw materials from Canada. Kalons is typically invoiced for these goods

pantera1 [17]

Answer:

The correct answer is C) purchase Canadian dollar put options.

Explanation:

A sale option (or put option) gives its holder the right - but not the obligation - to sell an asset at a predetermined price until a specific date. The seller of the option to sell has the obligation to buy the underlying asset if the holder of the option (buyer of the right to sell) decides to exercise his right.

The purchase of put options is used as hedging, when price falls are anticipated in shares that are held, since by means of the purchase of Put the price is established from which money is earned. If the stock falls below that price, the investor earns money. If the share price falls, the profits obtained with the sale option compensate in whole or in part for the loss experienced by said fall.

Losses are limited to the premium (price paid for the purchase of the sale option). Earnings increase as the share price falls in the market.

5 0

3 years ago

Psymon Company, Inc. sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial ba

Anestetic [448]

Answer:

1. Multi-step income statement Internal Reporting Purposes

Sales Revenue 258,500

Less Sales Returns and Allowances (8,700)

Less Sales Discounts (11,400)

Net Sales 238,400

Less Cost of Goods Sold (138,800)

Gross Profit 99,600

Less Operating Expenses :

Salaries and Wages Expense 23,800

Office Expense 24,800 (48,600)

Operating Income/(loss) 51,000

Less Non- Operating Expenses :

Interest Expenses 3,700

Income Tax Expense 14,190 (17,890)

Net Income/Loss 33,100

2. Multi-step income statement External Reporting Purposes

Net Sales 238,400

Less Cost of Goods Sold (138,800)

Gross Profit 99,600

Less Operating Expenses :

Salaries and Wages Expense 23,800

Office Expense 24,800 (48,600)

Operating Income/(loss) 51,000

Less Non- Operating Expenses :

Interest Expenses 3,700

Income Tax Expense 14,190 (17,890)

Net Income/Loss 33,100

Explanation:

It is important to remember that a multi-step income statement shows separately profit earned from Primary Activities of the firm and that earned from Secondary Activities.

There are no strict rules for preparation of Financial Statements for Internal use and this may include many other line items. However for external reporting proposes, preparers of financial statements have to comply with Accounting Standards (GAAP or IFRS).

8 0

3 years ago