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3 years ago

Bravo Automotive provide repair services for $250 on account. What account will be debited?

Business

1 answer:

algol [13]3 years ago

7 0

Answer:

The correct answer is: Accounts receivable.

Explanation:

Accounts receivable is an accounting term used to refer to the money that is owed to a company by its customers. The company that may be individuals or corporations are the debtors since they owe money for the goods or services provided by the company on credit. Accounts receivable are recorded as a current asset in the Balance Sheet.

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The free-rider problem arises when an individual ____________. A. does not pay for a good because that individual is engaging

KiRa [710]

The free-rider problem arises when an individual [C] does not pay for a good because nonpayment does not prevent consumption.

8 0

3 years ago

Which of the following is not an advantage of ROI?

dmitriy555 [2]

Answer:

(A) It encourages managers of departments with high ROIs to invest in average ROI projects.

Explanation:

The full form of ROI is Return of investment. Generally, ROI is used by different organizations to find out the profit from the expenditure. By using the concept of return of investment the organization can save money as well as time.ROI also helps to explore and measure potential returns on various investment opportunities

Therefore answer is a.

7 0

3 years ago

You have decided to start saving up to buy a house. You plan on withdrawing $25,000 at the end of year 4 for a down payment, $18

allochka39001 [22]

Answer:

$75,745.56

Explanation:

In order to determine how much to deposit today, calculate the present value of the cash flows

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 - 3 = 0

Cash flow in year 4 = $25,000

Cash flow in year 5 = $18,000

Cash flow in year 6 = $18,000

Cash flow in year 7 = $20,000

I = 1.25 %

PV = $75,745.56

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

6 0

3 years ago

BUS 320 Cal Lury owes $21,000 now. A lender will carry the debt for five more years at 6 percent interest. That is, in this part

Ipatiy [6.2K]

Answer:

$3,753.59

Explanation:

Value of debt at end of 5 years = $21,000 * (1 + 6%)^5

Value of debt at end of 5 years = $21,000 * 1.3382255776

Value of debt at end of 5 years = $28102.7371296

Value of debt at end of 5 years = $28,102.74

Let x be the annual payments:

x*[1 - (1 + 9%)^-13] / 9% = $28,102.74

x * [1-0.32617864688] / 0.09 = $28,102.74

x * 7.486904 = $28,102.74

x = $28,102.74 / 7.486904

x = 3753.58626

x = $3,753.59

4 0

3 years ago

Both consumers and organizational buyers purchase products online but ______. Multiple choice question. only two of the three ki

luda_lava [24]

The answer to this question is, "a much larger percentage of the total dollars sold online are organizational transactions."

Hope this helps!

5 0

3 years ago