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3 years ago

Credit sales are recorded by crediting an accounts receivable.

1 answer:

8 0

The answer to the sentence above is false based on the transaction above. Account Receiveable is an asset account which has "debit" as its natural balance. Recording credit sales will increase the account receivable balance and sales balance, thus an increase in account receivable balance occurs on the debit side.

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How many different ways are there to buy 8 fruits when the choices are apples, pears, and oranges?

Nadya [2.5K]

The total different ways are 65536.

How many ways can you buy 8 fruit?

8 choices from 4 options with repetition, so the number of ways is (8+4 − 1 4 − 1 ) = (11 3 ) = 165.

<h3>What is the rule of permutation and combination?</h3>

If the order doesn't matter then we have a combination, if the order do matter then we have a permutation.

One could say that a permutation is an ordered combination.

The number of permutations of n objects taken r at a time is determined by the following formula: P(n,r)=n!.

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8 0

1 year ago

Cart Co. purchased an office building and the land on which it is located for $750,000 cash and an existing $250,000 mortgage. F

Nat2105 [25]

Answer:

$600,000

Explanation:

The computation of the amount to be recorded for the building is shown below:

But first we have to determine the total acquisition cost of land which is as follows

= Cash + mortgage

= $750,000 + $250,000

= $1,000,000

Now it is mentioned that 60% is allocated to the building

So, it would be

= $1,000,000 × 60%

= $600,000

5 0

3 years ago

An insurance company chartered in another country has been licensed to operate in your state. In your state the insurance compan

vladimir2022 [97]

When an insurance company chartered in another country has been licensed to operate in your state. In your state, the insurance company is called a foreign insurer.

<h3>What is insurance?</h3>

Insurance refers a policy or agreement which provides financial protection to any individual if he faced any injury or died in accident.In case of injury,it helps in receiving medical claim as per the policies of the insurance company.

A foreign insurer is a corporation based in one state that writes insurance for clients in those other states. In the world of health insurance, foreign insurers are fairly common.

The benfits of these policy is that it offers better benefits in terms and protection to the policy holders as compared to own state.In this insurance the more options are received which is not available in own state.

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8 0

2 years ago

A customer has requested that Lewelling Corporation fill a special order for 9,000 units of product S47 for $20.50 a unit. While

bonufazy [111]

Answer:

$4,500

Explanation:

The computation of the annual financial advantage (disadvantage) for the company is shown below:

Sales (9,000 units × 20.50) $184,500

Less: Variable costs:

Direct materials (9,000 units × $3.10) -$27,900

Direct labor (9,000 units × $1.50) -$13,500

Variable manufacturing overhead (9,000 units × $6.40) $57,600

Increase in variable costs (9,000 units × $5) -$45,000

Less: Investment in special molds -$36,000

Financial advantage $4,500

We simply deduct the all cost from the sales so that the financial advantage could come

5 0

4 years ago

Suppose the Fed purchases $100 million of U.S. securities from security dealers. If the reserve requirement is 20 percent, the c

VikaD [51]

Answer:

The correct answer is option D.

Explanation:

The reserve requirement is 20 percent.

The Fed purchases $100 million of U.S. securities from security dealers.

The excess reserves with banks are zero.

When fed purchased securities, this open market operation increased the reserves with banks by $100 million.

The increase in money supply

= $\frac{1}{RR}\times Change\ in\ reserves$

= $\frac{1}{0.2}\times 100$

= 500

7 0

3 years ago