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rjkz [21]
3 years ago
7

On December 18, Intel receives $259,000 from a customer toward a cash sale of $2.59 million for computer chips to be completed o

n January 23. The computer chips had a total production cost of $1.59 million. What journal entries should Intel record on December 18 and January 23
Business
1 answer:
UNO [17]3 years ago
6 0

Answer:

Date        General Journal              Debit        Credit

<em>Dec. 18</em>    Cash                                $259,000

               Unearned revenue                                 $259,000

(To record advance receipt of cash)

<em>Jan. 23</em>    Cash (2590000 - 259000) $2,331,000  

               Unearned revenue         $259,000  

               Sales revenue                                   $2,590,000

(To record cash sale)

<em>Jan. 23</em> Cost of goods sold         $1,590,000  

               Inventory                                          $1,590,000

(To record cost of goods sold)  

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Customer: your product is priced too high! salesperson: i understand you are concerned about the value of the product. this is a
shepuryov [24]
C. Restate the objection. Exchanging "price" for "value". 
6 0
4 years ago
A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:
ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0
3 years ago
your investment has a 20% chance of earning 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance o
emmainna [20.7K]

Answer:

8.9%

Explanation:

From the question above

- The investment has 20% chance of earning 30% rate of return

= 20/100

Number or chances= 0.2

- The investment has a 50% chance of earning 10% rate of return

= 50/100

Number of chances = 0.5

- The investment has 30% chance of losing 7%

= 30/100

Number of chances= 0.3

Therefore, the expected return on investment can be calculated as follows

=0.2(30) + 0.5(10) + 0.3(-7)

=6 + 5 - 2.1

= 11-2.1

= 8.9%

Hence the expected return on investment is 8.9%

7 0
3 years ago
After saving money in her piggy bank for three years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If
Nitella [24]

$20,000 is correct

When they ask for the amount the bank can "create" they are really asking for the <u>change in the money supply</u><u>.</u> They are required to reserve 20%, so they can loan out 80%

80% * $5,000= $4,000

Now, the bank can use this $4,000 by loaning it out to other customers and earning interest on those loans. The customers can use the money for investments or spending. So the first little deposit of $5,000 has now spread to a lot more people and created a lot more opportunity for growth. This is known as the <u>multiplier effect.</u> To put the multiplier effect in dollar amounts, we need to know how much we are multiplying by. This is called the <u>deposit multiplyer</u> and the formula is 1/(required reserve ratio). The reserve ratio here is 20% or .2

1/(.2)= 5

Our deposit multiplier which will calculate the multiplier effect on the money supply (aka the amount the bank can "create") is 5

5* $4,000= $20,000

7 0
3 years ago
Suppose there are 10 million part-time workers and 90 million full-time workers in an economy. Five million of the part-time wor
SpyIntel [72]

Answer:

D. The size of the labour force will increase.

Explanation:

Switching over from part time to full time simply means either they are done with what makes them walk part time,or the work is demanding and the government decided to make them full time staffs,due to the availability of resources to cater for them.

More new part time individuals will be employed to take their place thereby creating jobs and falling the official unemployment rate.

4 0
3 years ago
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