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Brums [2.3K]
3 years ago
6

In what way did the cotton gin contribute to the dramatic rise in production?

Business
1 answer:
seropon [69]3 years ago
8 0
B I believe this is the right answer
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Sage Company had cash receipts from customers in 2020 of $137,920. Cash payments for operating expenses were $84,990. Sage has d
Triss [41]

Answer:

sales revenue for the period: $  143,900

operating expenses:               $   78,000

Explanation:

We solve for sales using the account recievable identity:

beginning account receivable + sales - collection = ending account receivable

12,330 + sales - 137,920 = 18,310

sales = 137,920 + 18,310 - 12,330 = 143,900

Then, for operating expenses, we have a prepaid expenses thus unexpired and therefore, not expenses under accrued accounting.

we solve like this:

beginning prepaid expenses    19,800

payment on expenses              84,990

total expenses payment          104,790

We now subtract the prepaid (unexpired) to get the amount accrued for the period:

104,790 - 26,790 = 78,000

4 0
3 years ago
or 2018, Gourmet Kitchen Products reported $22 million of sales and $18 million of operating costs (including depreciation). The
Vinil7 [7]

Answer:

Economic value added = $1,250,000

Explanation:

Economic value added (EVA) = Net operating profit after taxes - Invested capital * cost of capital

Economic value added= [($22,000,000 - $18,000,000) * (1 - 0.35)] - [$15,000,000 * 9%]

Economic value added =  ($4,000,000 * 0.65) - $1,350,000

Economic value added  = $2,600,000 - $1,350,000

Economic value added = $1,250,000

5 0
3 years ago
The soccer team is planning to sell health bars for a fundraiser. the prices of purchasing health bars from two different compan
stepladder [879]
40 bars ...............................................................................................
7 0
3 years ago
Read 2 more answers
Using the information below calculate the ending total asset of Lisa Inc.  Lisa Inc raises $3,000 of shareholders’ equity.  Li
Julli [10]

Answer:

The ending total asset is $3,800

Explanation:

 Lisa Inc raises $3,000 of shareholders’ equity.  This movement increase the assets,  because the $3,000 increase in the shareholders’ equity will affect the asset

 Lisa Inc purchases a building worth $300 for cash. Won´t modifies the assets ,  decrease cash but increase buildings

 Lisa Inc takes out a loan for $500 and receives cash. Increase assets (cash) , increase Liabilities (Accounts Payable)

 Lisa Inc purchases $300 of inventories, the supplier gives her credit. Increase assets (inventory) , increase Liabilities (Notes Payable)

Asset= $3,000+$500+$300=$3,800

6 0
3 years ago
Staples, an office supply chain, is an example of which type of organizational buyer?
iren2701 [21]

Answer: Reseller

A reseller is an organization that sources a variety of products from various producers, aggregates them under one roof and sells them to end users. A reseller usually doesn’t produce or add value to the products themselves.  

Staples is a reseller that stocks a variety of stationery under one roof. It was set up with an objective to make all kinds of office and stationery supplies easily available to the end users.


8 0
3 years ago
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