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4 years ago

Receiving cash from a customer on account will

Business

1 answer:

almond37 [142]4 years ago

3 0

Answer: Option B

Explanation: The receiving of cash from customers will have no effect on total assets, as the amount of inventory will decrease and the amount of cash will increase by the same amount. Thus the accounting equation will remain same from such a transaction as one asset will decrease and other will increase.

Thus, from the above we can conclude that the correct option is B.

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A few years ago, Michael purchased a home for $380,000. Today the home is worth $336,000. His remaining mortgage balance is $142

Vaselesa [24]

Answer:

The maximum amount he can borrow is $126,800.

Explanation:

Given:

Michael purchased a home for $380,000.

Market value of home = $336,000.

Current mortgage balance = $142,000.

Rate of borrowing at the market value = 80%.

Now, to find the maximum of amount Michael can borrow.

So, we find first the maximum mortgage amount:

Maximum mortgage amount = 80% of market value.

$=\frac{80}{100}\times 336,000$

$=0.80\times 336,000$

$=\$268,800.$

As, he still owes $142,000 mortgage in his home.

Now, to get the maximum amount he can borrow we use formula:

Maximum amount he can borrow = Maximum mortgage amount - Current mortgage balance.

Maximum amount he can borrow $=\$268,800-\$142,000$

Maximum amount he can borrow $=\$126,800.$

Therefore, the maximum amount he can borrow is $126,800.

6 0

4 years ago

The trend line estimates that the price was $432 in November 2007 and $80 in September 2011. (That is an interval of 46 months.)

meriva

Answer:

slope = -7.65 per month

Explanation:

given data

2007 price p1 = $432

2011 price p2 = $80

time t2 = 46 months

solution

we consider here starting time t1 = 0 when price $432

so here slope will be

slope = $\frac{p2-p1}{t2-t1}$ .....................1

put here value and we will get

slope = $\frac{80-432}{46-0}$

slope = -7.65 per month

8 0

3 years ago

Who studying or working somewhere else but wish to work for the organisation

Anna35 [415]

Answer:

2. Potential employees

8 0

3 years ago

which of the following is not a reason to give yourself extra "cushion" when driving? poor visibility on the road poor road cond

Snezhnost [94]

Cushion is the amount of distance you keep between you and the car in front of you that allows you to easily maneuver in any condition. Typical this distance is about 3 seconds.
You should add one additional second for any condition that is less than perfect. Unperfect conditions are heavy traffic, not feeling well, or other distractions.
You should add two additional seconds to your space cushion if the it is raining or snowing. Each of the given reason (poor visibility, poor road conditions, inclement weather) is a reason to give yourself extra "cushion" when driving.

3 0

4 years ago

what is the difference between a trademark and a registered trademark? how is each condition signified?

den301095 [7]

Answer:

Trademark is a product name and symbol that can be copied

Registered Trademark is a product name and symbol that cannot be copied

Explanation:

A Trademark is a symbol that notifies other producers that your product’s name and design are your company’s exclusive property, although this gives insufficient protection because it can be copied since this it does not protect you from another company producing a similar product and using a similar name. In the event of such occurrence you do not have a legal defense because your trademark is not registered.

A registered trademark is distinguished by the symbol ®. A registration protects your trademark from other companies use of the name or image, and in the event of products, names or images being too similar, the rival producing company could be found guilty of trademark infringement.

8 0

4 years ago