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3 years ago

How do the Iowa Caucuses work?

1 answer:

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Unlike primary elections in most other U.S. states, where registered voters go to polling places to cast ballots, Iowans instead gather at local caucus meetings to discuss and vote on the candidates

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Dole Corp.'s accounts payable at December 31, 2020, totaled $900,000 before any necessary year-end adjustments relating to the f

IRINA_888 [86]

Answer: $1,400,000

Explanation:

The checks to creditors were only mailed out in January so the creditor accounts had not been settled in December.

The goods purchased on December 28 should be included in the accounts payable account.

The goods that were shipped FOB Destination and were not yet delivered at year end will not be accounted for because FOB destination means that Dole will only take ownership when it reaches them.

Accounts payable is therefore:

= 900,000 + 350,000 + 150,000

= $1,400,000

7 0

3 years ago

A bank loaned out $19 comma 00019,000, part of it at the rate of 7 %7% per year and the rest at 15 %15% per year. If the inter

Alla [95]

Answer:

Explanation:

Let x be the amount loaned at 7% and ($19,000 - x) be the amount loaned at 15%

Given:

Interest incurred at 7%, I1 + Interest incurred at 15%, I2 = $2000

Interest, I = amount × rate

I1 = 7/100 × x

I2 = 15/100 × ($19,000 - x)

From the above expressions,

(0.07)x + (0.15) × ($19,000 - x) = $2,000

Solving for x,

0.07x + 2850 - 0.15x = 2000

Collecting like terms,

0.08x = 850

x = $10625

The amount loaned at 7% interest is

$10625

The amount loaned at 15% interest is ($19000 - $10625)

= $8375

6 0

3 years ago

A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The present value of an annuity fa

Nat2105 [25]

Answer: $8,391.90

Explanation:

So the company borrowed $40,000 from a bank.

They are to pay 7% interest on the note per year for 6 years.

We are to find the annual payments.

7% represents a constant payment schedule per year so we can use an Annuity formula.

Seeing as the Annuity factor has been calculated for us already we don't need to formula though.

The present value of an annuity factor for 6 years at 7% is 4.7665.

Calculating the present value of the annual payment can be done as follows,

= Amount / PVIFA (Present Value Interest Factor for an Annuity)

= 40,000/4.7665

= 8391.90181475

= $8,391.90

The annual payments equal $8,391.90.

5 0

3 years ago

Suppose your roommate just invented an electronic pencil that senses when a word being written is misspelled, beeps, and shows t

irakobra [83]

The need that the electronic pencil fill is the need to erase errors associated with what has been written down digitally.

<h3>What is the potential market for the product?</h3>

The potential market for electronic pencil is the global digital pen market and the global market as a whole.

<h3>What type of consumer good is electronic pencil product?</h3>

The type of consumer good of electronic pencil product is Specialty products.

<h3> How will you distribute the product?</h3>

One can distribute the product via online platforms such as social media, online stores and marketplace, etc.

<h3> What are the other questions that need to be answered before a decision is made?</h3>

The lifespan of the product.
Does it have effect to the human skin
Is it feasible.

Learn more about electronic pencil from

brainly.com/question/11377338

#SPJ1

7 0

2 years ago

During its most recent fiscal year, Raphael Enterprises sold 340,000 electric screwdrivers at a price of $19.20 each. Fixed cost

Novay_Z [31]

Answer:

Variable costs=$3,876,000

Explanation:

Given Data:

Fixed costs amounted=$1,156,000

pretax income=$1,496,000.

Units Sold=340,000

Price of each unit sold=$19.20

Required::

Variable costs in the company's contribution margin income statement for the year =?

Solution:

Pretax Income=Revenue-Fixed costs-Variable costs

Revenue=Units Sold*Price of each unit sold

Revenue=340,000*$19.20

Revenue=$6,528,000

Pretax Income=Revenue-Fixed costs-Variable costs

$1,496,000=$6,528,000-$1,156,000-Variable costs

Variable costs=$6,528,000-$1,156,000-$1,496,000

Variable costs=$3,876,000

8 0

3 years ago

Read 2 more answers