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3 years ago

HELP ME PLSSS SOMEONE HELPP ILL GIVE BRAINLIEST

Business

1 answer:

SIZIF [17.4K]3 years ago

3 0

Answer:

$7,875

Explanation:

Total car sales in January: $112,500

Commission at the rate of 7%,

Salary for January is :

7 percent of $112,500

=7/100 x $112,500

=0.07 x $112,500

=$7,875

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Method A assumes simple interest over final fractional periods, while Method B assumes simple discount over final fractional per

Marina86 [1]

Answer:

The answer is "1.1"

Explanation:

In the case of a single Interest, the principal value is determined as follows:

$\ I = Prt \\\ A = P + I\\A = P(1+rt) \\\\A = amount \\P= principle\\r = rate\\t= time$

In case of discount:

$D = Mrt \\P = M - D \\P = M(1-rt)\\\\Where, D= discount \\M =\ Maturity \ value \\$

Let income amount = 100, time = 1.5 years, and rate =20 %.

Formula:

A = P(1+rt)

A =P+I

by putting vale in the above formula we get the value that is = 76.92, thus method A will give 76.92 value.

If we calculate discount then the formula is:

P = M(1-rt)

M = 100 rate and time is same as above.

$P = 100(1-0.2 \times 1.5) \\P = 100 \times \frac{70}{100} \\P = 70$

Thus Method B will give the value that is 70

calculating ratio value:

$ratio = \frac{\ method\ A \ value} {\ method \ B \ value}\\\\\Rightarrow ratio = \frac{76.92}{70}\\\\\Rightarrow ratio = \frac{7692}{7000}\\\\\Rightarrow ratio = 1.098 \ \ \ \ or \ \ \ \ 1.$

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3 years ago

The budgeted income statement does not rely on information from the ______ budget.

Marta_Voda [28]

The budgeted income statement does not rely on information from the production budget.

<h3>What is a budgeted income statement?</h3>

The expected profit, revenue, and expenses for the upcoming year or months are listed in a budgeted income statement, which is a financial report. Its purpose is to assist businesses in future planning, better decision-making, and resource allocation.

All of the line categories seen in a typical income statement are included in the budgeted income statement, but it is an estimate of what the income statement would look like in future budget periods.

The budgeted income statement makes it easier to compare planned and actual income and expense components at the end of the month. It aids in evaluating the efficiency of the company's financial planning procedure.

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1 year ago

When scheduling the audit work to be performed on an engagement, the auditors should consider confirming accounts receivable bal

Dvinal [7]

Answer:

The correct answer is letter "B": Internal control over receivables is good.

Explanation:

Only in the case the internal control of an organization is well-established enough so those account receivables (AR) are paid according to the terms agreed between the organization and its debtors, auditors could consider the balance of the account receivables at a provisional date.

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3 years ago

A video-recording system was purchased 4 years ago at a cost of $37,000. A 5-year recovery period and DDB (Double Declining Bala

AysviL [449]

Answer:

The trade in value is higher than the book value by $ 205

Explanation:

Computation of Book value

In a double declining balance method of depreciation, the rate of depreciation is double the straight line rate and is depreciated on a declining balance.

Cost of Equipment $ 37,000

Estimated useful life ( Recovery Period) 5 years

Straight Line Depreciation rate 20 %

Double declining Method depreciation rate 40 %

Cost $ 37,000

Depreciation for year 1 at 40 % <u>$(14,800)</u>

Depreciable basis for year 2 $ 22,200

Depreciation for year 2 at40 % <u>$ ( 8,880)</u>

Depreciable basis for year 3 $ 13,320

Depreciation for year 3 at 40 % <u>$ (5,328)</u>

Depreciable basis for year 4 $ 7,992

Depreciation for year 4 at 40 % <u>$ 3,197) </u>

Depreciable basis for year 5 $ 4,795

The depreciable basis for year 5 is the net book value after 4 years

The trade value is $ 5,000

The trade in value is higher by $ 205

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3 years ago

The merging of national markets that have historically been distinct and separate is the process of.

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It should be noted that merging of national markets that have historically been distinct and separate is the process of Globalization of Market.

<h3>What is Globalization of Market?</h3>

Globalization of Market can be regarded as the coming together of historically distinct as well as separate national markets making large space of market.

Therefore, Globalization of Market involves merging of national markets that have historically been distinct.

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3 years ago