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beks73 [17]
3 years ago
7

On March​ 15, Maxwell Plush sold and shipped merchandise on account for​ $6,000 to Kittson Amusement​ Park, terms FOB shipping​

point, n/30.​ Maxwell's cost of goods sold is​ 40% of sales. How is Maxwell impacted by this sale on March​ 15? (a)- Its assets will​ increase, as will its equity. (b)- Its assets will remain the​ same, while its equity decreases. (c)- Its assets will remain the​ same, while its equity increases. (d)- Its assets will​ increase, while its equity remains the same
Business
1 answer:
a_sh-v [17]3 years ago
8 0

Answer:

(a)- Its assets will​ increase, as will its equity

Explanation:

The commercial terms state FOB shipping​ point therefore the transfer succeeds once the cargo enter the port.

The sale is thus completed. The revenue can be recognize thus, increasing the company's equity and assets.

Account receivable(+Assets)     debit

             Sales Revenue(+Equity)           credit

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If GNP is​ $600 billion, receipts of factor income from the rest of the world are​ $50 billion, and payments of factor income to
exis [7]

Answer:

$580 billion

Explanation:

Given that

GNP = $600 billion

Receipts of factor income from the rest of the world = $50 billion

Payments of factor income to the rest of the world = $30 billion

So, The computation of the GDP is shown below:

= GNP - Receipts of factor income from the rest of the world + Payments of factor income to the rest of the world

= $600 billion - $50 billion + $30 billion

= $580 billion

5 0
3 years ago
Antipoverty programs that are set up so that the amount of government benefits will decline substantially as poor people earn mo
Alex17521 [72]

Antipoverty programs that are set up so that the number of government benefits will decline substantially as poor people earn more income typically create a <u>poverty trap.</u>

What is the Poverty trap?

A "poverty trap" is a collection of self-reinforcing factors that causes nations to start out poor and stay that way. Because poverty breeds poverty, existing poverty directly contributes to future poverty.

In the United States, poverty traps are areas, counties, or localities with chronic institutional and economic issues that result in persistently high rates of poverty. Residents are frequently stuck in unfavorable situations where there is no chance for advancement or economic progress.

The majority of nations are enjoying some growth, and poor people don't seem to have significantly different income dynamics from those who earn more, which shows that poverty traps are not common at either the national or individual level.

Learn more about poverty traps here:

brainly.com/question/14995157

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6 0
1 year ago
Bill Dukes has $100,000 invested in a 2-stock portfolio. $50,000 is invested in Stock X and the remainder is invested in Stock Y
ohaa [14]

Answer:

the portfolio´s beta is 1.65

Explanation:

when the individual calculation of beta has been given, is possible to aggregate them as a weigthed average, so it is possible to apply te next formula

Beta Portfolio=w_{1} *\beta _{1}+ w_{2} *\beta _{2} + .... + w_{n} *\beta _{n}

where w is the weigthed value for each asset, in this particular case we have:

Beta Portfolio = \frac{50.000}{100.000}*1.50 +\frac{50.000}{100.000}*1.70

so with this result we get 1.65

8 0
3 years ago
what was a primary purpose of the program being promoted by this poster? (7f) question 9 options: to encourage women to join the
AlekseyPX

The primary purpose of the program being promoted by this poster was:  "to increase the food supply during a farm-labor shortage" (Option D)

<h3>What is the purpose in literature?</h3>

The literary goal is to amuse and provide aesthetic delight. The emphasis of the literary aim is on the words themselves, as well as their conscious and planned arrangement to generate a pleasing or enriching impact. When employing the literary goal, a writer frequently displays a viewpoint.

Literature is a way of documenting, conserving, and conveying information and enjoyment, as well as providing a social, psychological, spiritual, or political function. As an art form, literature can also encompass works in nonfiction genres such as biography, diaries, memoir, correspondence, and essays.

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4 0
1 year ago
Your company has just taken out a 1-year installment loan for $82,500 at a nominal rate of 12.0% but with equal end-of-month pay
Bas_tet [7]

Answer:

89.63% of 2nd month payment will go towards the payment of principal.

Explanation:

Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 12% per year = 1% per month

n = number months = 12 months

PV =  present value of all payments = $82,500

P = payment per month = ?

P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12

P = $7,330 per month

Month Payments Principal Interest Balance

1                 -7330              -6505     -825       75995

2                -7330              -6570      -760      69,425

Percentage of Principal Payment  = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%

6 0
3 years ago
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