Record journal entries for the following transactions of Furniture Warehouse.

Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, t

Tamiku [17]

Answer:

INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger

Explanation:

Based on the information given we were told that Bill uses his whole budget to purchase the following :

5 cans of Pepsi

3 Hamburgers per week

And the following were the price:

Pepsi costs $1 per can

Hamburger cost $2

Bill marginal utility:

Pepsi 4

Hamburgers 6

Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.

Secondly since the marginal utility for Pepsi is 4 while that of Hamburgers is 6 which means that Hamburgers has higher MARGINAL UTILITY than that of Pepsi because the consumption of Hamburgers is higher than the consumption of Pepsi.

Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.

8 0

3 years ago

Determining Net Cash Flow from Operating Activities

ivolga24 [154]

Answer:

$67,150

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $12,750

Adjustment made:

Add : Depreciation expense $32,600

Add: Decrease in accounts receivable $21,500

Less: Increase in inventory -$18,300

Add: Increase in accounts payable $19,800

Less: Decrease in interest payable -$1,200

Total of Adjustments $54,400

Net Cash flow from Operating activities $67,150

5 0

2 years ago

Noma plans to save $3,400 per year for the next 35 years. If she can earn an annual interest rate of 9.2 percent, how much will

maksim [4K]

Answer:

c) $767,464.54

Explanation:

The computation of the future value of an annuity is shown below:

As we know that

Future value of annuity F = Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest

= $3,400 × (1.092^35 - 1) ÷ 0.092

= $3,400 × 225.7249

= $767,464.54

Hence, the future value of an annuity is $767,464.54

Therefore the correct option is c.

3 0

2 years ago

Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 36

expeople1 [14]

Answer:

Maturity Dates and Interests of Notes Receivable:

Date of Note Principal Interest Term Maturity Date

Rate Month Day Interest

a. August 5 $6,000 8% 130 days December 13 $173.33

b. May 10 16,800 7% 100 days August 18 326.67

c. October 20 24,000 9% 55 days December 14 330.00

d. July 06 4,500 10% 70 days September 14 87.50

e. September 15 9,000 8% 85 days December 9 170.00

Total $60,300 $1,087.50

Explanation:

a) Data and Calculations:

Date of Note Principal Interest Term Maturity Date

Rate Calculations

a. August 5 $6,000 8% 130 days Dec. 13(26+30+31+30+13)

b. May 10 16,800 7% 100 days Aug. 18 (21+30+31+18)

c. October 20 24,000 9% 55 days Dec. 14 (11+30+14)

d. July 06 4,500 10% 70 days Sept. 14 (25+31+14)

e. September 15 9,000 8% 85 days Dec. 9 (15+31+30+9)

Calculation of Interests:

a. = $173.33 ($6,000 * 8% * 130/360)

b. = $326.67 ($16,800 * 7% * 100/360)

c. = $330.00 ($24,000 * 9% * 55/360)

d. = $87.50 ($4,500 * 10% * 70/360)

e. = $170 ($9,000 * 8% * 85/360)

8 0

3 years ago

A washer and a dryer cost $739 combined. the washer costs $39 more than the dryer. what is the cost of the dryer?

prisoha [69]

The drier costs $330.50

6 0

3 years ago