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Ronch [10]
3 years ago
14

Single column cashbook

Business
1 answer:
Phoenix [80]3 years ago
5 0

The cash transaction of a business is recorded in a cash book which is known as a single column cash book or simple cash book.

Explanation:

  • In a single column cash book, all the cash receipts are recorded on the left hand (debit) side and all cash payments are recorded on the right hand (credit) side.
  • The single-column cash book contains only one money column that is titled as "amount".
  • Yes, we do record entries related to the purchase of stationery and furniture in a single column cash book.
  • All cash related transactions are recorded in a single column cash book.

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Bathing suits are $35 regular price and $24.55 on sale. if the tax rate is 6%, how much will you save on the total purchase by b
lord [1]
If solve this problem you will first take the regular price of the bathing suits and find the total price, after tax, of the item.

To turn 6% into a decimal divide 6/100 = .06
Next you can take ($35)(.06)= $2.10 then add that to $35 and you will get $37.10 as the total cost of the bathing suit.
You can also add a 1 in front of the decimal point and it will add the tax automatically. 
($35)(1.06) = $37.10

Follow the same step to find the total price of the bathing suit on sale.
($24.55)(1.06)= $26.02 total cost of the bathing suit on sale.

Next subtract the two numbers:
$37.10-$26.02=$11.08

By purchasing the bathing suit on sale you will save a total of $11.08
6 0
3 years ago
The Embargo Act:_______
Lynna [10]

Answer:

B

Explanation:

Especially hurt New England's port cities

The Embargo act of 1807 was Enacted by the US on all foreign national with the intention of harming the United kingdom and France. The effect of this was to force these two nations to cease impressments and respect the US neutrality.

The act posed hardship on U.S. farmers and on New England and New York port cities. It had little effect on Europe.

5 0
4 years ago
Which of the following statements about capitalism and socialism is correct?
Ronch [10]

Answer: Which of the following statements about capitalism and socialism is correct? All of the responses are correct.

Explanation: Socialist nations are less economically productive. Capitalist nations have greater economic inequality. Capitalist nations are more economically productive. All of these statements regarding capitalism and socialism are true. Capitalism is an economic and political system where the trade and industry of a country are controlled by private owners for profit instead of the state having control. Socialism is an economic and political system where different organizations control production, distribution, and the exchange of goods and services.

4 0
3 years ago
Cathy's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cathy's enters into an agreem
alexandr1967 [171]

Answer:

a requirements contract.

Explanation:

A requirements contract is made between a company and one of its suppliers or vendors. In that contract, the supplier or vendor agrees to supply a certain amount of goods or services that the company requires, in exchange the company will only purchase the goods or services from that specific supplier or vendor.

8 0
4 years ago
Can you think of an industry (or product) with near infinite elasticity of supply in the short term? That is, what is an industr
trapecia [35]

Supply price elasticity measures sellers' sensitivity to changes in price. When price changes have a large impact on supply, we say that supply is price elastic, with small price increases supply will increase considerably. We say that an offer is perfectly elastic when from a certain price level, suppliers have bid as much as possible. In the short term, however, firms bump into structural factors to deliberately increase their supply. For example, a factory has a short-run maximum production limitation. In the short term, the factory may grow its plant and buy more machines, but in the short term from one point the supply is more rigid.

There are, however, some exceptions. In the case of natural monopolies, such as water supply, the increase in price may increase supply indefinitely. This is a case where, in the short run, price elastic supply can be infinitely elastic. Thus, rising prices can increase the amount of water supplied as much as demanded by consumers. This is because the marginal cost of supplying more water is low for the firm.

Note: marginal cost is the cost of manufacturing one more unit of the product supplied. In the case of water, the marginal cost of providing 1 unit of water measurement is very low.

4 0
3 years ago
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