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3 years ago

The viability of insurance products sold to businesses

1 answer:

4 0

<span>Your question is not clear enough. Anyway the viability of insurance products is a very important thing. It used to protect your business if you are focused on manufacturing specific products. If something goes wrong it's a good thing.</span>

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Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the al

emmasim [6.3K]

Answer:

May 1

Dr Cost of merchandise sold $9,600

Cr Merchandise inventory $9,600

Aug. 30

Dr cash $2,800

Dr Allowance for doubtful accounts $10,600

Cr accounts receivable-peking palace co $13,400

Dec. 8

Dr Accounts receivable - peking palace co $10,600

Cr Allowance for doubtful accounts $10,600

Explanation:

Preparation of the journal entries in the accounts of Arizona Interiors Company

May 1

Dr Cost of merchandise sold $9,600

Cr Merchandise inventory $9,600

Aug. 30

Dr cash $2,800

Dr Allowance for doubtful accounts $10,600

($13,400-$2,800)

Cr accounts receivable-peking palace co $13,400

Dec. 8

Dr Accounts receivable - peking palace co $10,600

Cr Allowance for doubtful accounts $10,600

6 0

3 years ago

Zach is a salesperson at a large medical supply company. the company wants zach to learn to manage multiple departments, so it o

artcher [175]

Answer: Payment for Knowledge

Explanation:Training is a key aspect for a company's improvement development and success. It is beneficial to both employers and employees of an organization. An employee will become more efficient and productive if he is trained well.

Due to the continuous updates and improvement in the world technology relating to businesses, Most Organisations are willing to pay for training thier employees off the job so to cope up with those changes, improve the working conditions, and enhance their knowledge.

Even though such training are costly,on the long run, they improve efficiency and productivity of employees. Well trained employees show both quantity and quality performance leading to optimal use of time, money and resources.

The company seeking for Zach to learn to manage multiple departments, and proferring to pay his tuition while he earns an mba at stanford university and give him a $20,000-a-year raise once he gets his degree shows that the company is willing to pay for more knowledge as that hopefully will go a long way to improve their productivity when he returns.

5 0

3 years ago

How do natural resources and geography relate to economic growth for a country?

Archy [21]

Answer:

Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Explanation:

Natural resources are a source of wealth for the country. Mineral such oil and precious stones have made nations wealthy.

Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security. Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.

4 0

3 years ago

Read 2 more answers

Atul purchased goods costing Rs 50000 at an invoice price,which is 50% above cost.. on invoice price je enjoyed 15% trade discou

stiks02 [169]

Answer: Rs 63750

Explanation:

Since Atul purchased goods costing Rs 50000 at an invoice price,which is 50% above cost. Then the purchase of the goods cost:

= 50000 × (100% + 25%)

= 50000 × 125%

= 50000 × 1.25

= Rs 75000

We then deduct the trade discount of 15% to get the purchase price to be recorded in the book. This will be:

= 75000 × (100% - 15%)

= 75000 × 85%

= 75000 × 0.85

= 63750

Therefore, the answer is Rs63750

7 0

3 years ago

hich one of the following statements is correct? Question 13 options: A longer payback period is preferred over a shorter paybac

Marta_Voda [28]

Answer:

The payback period ignores the time value of money.

Explanation:

The Payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows.

The shorter the payback period, the more desirable a project is.

The company determines the maximum pay back period, it can be a year or more than a year of even less.

The Payback period doesn't account for the time value of money. The discounted playback period corrects for this limitation.

The Payback period method ignores cash flows after the payback period has been reached.

I hope my answer helps you

7 0

3 years ago