All categories

3 years ago

What are the use of water mill?

1 answer:

4 0

Water mills, are large wheels powered by moving water. They were commonly used for grinding grain back when they were invented. They can also be used to generate electricity. The turning motion of the wheel can be geared to rotate a motor or generator.

You might be interested in

Cash $207,200 Salaries and wages expense (sales) $318,080 Inventory 599,200 Salaries and wages expense (office) 387,520 Sales re

yawa3891 [41]

Answer:

condenced income statement

net sales 4699520

cost of sales (3097360)

opening stock 599200

purchase 3120320

returns ( 16800 )

frieght in 80640

closing stock (686000)

gross profit 1602160

other incomes 299040

purchase discount 30240

rent income 268800

expenses (1092448 )

office salary 387520

sales salary 31808

sales discount 38080

commission 92960

selling costs 77280

telephone costs 19040

accounting service 36960

utility costs 35840

insurance 26880

mascellaneous 8960

advertising 60480

delivery costs 104160

casuality loss 78400

depreciation-office 53760

depreciation-sales 40320

operating profit 808752

interest expense 197120 ( 197120 )

profit before tax 611632

tax expense (122326.4)

profit after tax 489305.6

Explanation:

To get the net sales we take sales and minus sales return. The unearned sales are not to be recorded until they are earned and its performance obligation is satisfied. The balance sheet items such as common stock, cash do not belong in the statement of comprehensive incomes. T o calculate tax expense we take profit before tax and multiply by the tax rate.

8 0

4 years ago

The Federal Reserve carries out open-market operations, buying $2 million worth of Treasury Bills from banks. This action increa

klemol [59]

Answer:

67%

Explanation:

Money supply = Money multiplier * Deposit worth

3 = Money multiplier * 2

Money multiplier = 3/2

Money multiplier = 1.5

Now, Money multiplier = 1 / Reserve ratio

1.5 = 1 / Reserve ratio

Reserve ratio = 1/1.5

Reserve ratio = 0.6667

Reserve ratio = 67%

So, the percent of deposits the banks hold as reserves is 67%

7 0

3 years ago

Which accurately describes full-service brokers?

Margaret [11]

Answer: Option C provide advice to buying and selling stocks

Explanation:

A full service broker possesses a license to perform his job. He offers services such as advice, research and planning tips for the clients. Full service broker charges a commission which are generally high as they provide various services.

The service provided by full service broker is customized for the consumers based on their needs. If the client requires a stock broker or financial advisor they are assigned to them each individually. The investment plan and wealth management can be done through full service broker.

8 0

3 years ago

Cahalane Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Man

ankoles [38]

Answer:

A. The amount of fixed overhead deferred in inventories is $60,000

Explanation:

Unit product cost

Year 1 Year 2

Direct materials $12 $12

Direct labor $5 $5

Variable manufacturing

overhead $5 $5

Fixed overhead

$48 $36

($432,000 ÷ 9,000) ($432,000 ÷ 12,000)

unit product cost $70 $58

Fixed overhead deferred (1,000 × $48) $48,000

Fixed overhead released -$48000

Fixed overhead deferred (3000 × $36) $108,000

Net $48,000 $60,000

The amount of fixed overhead deferred in inventories is $60,000

8 0

3 years ago

Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired

nordsb [41]

Answer:

treasury stock 1,645,600 debit

cash 1,645,600 credit

--to record he purchase of TS--

cash 925,000 debit

treasury stock 850,000 debit

additional paid-in TS 75,000 debit

-to record sale of TS above their cost--

cash 760,500 debit

additional paid-in TS 35,100 debit

Treasury Stock 795,600 credit

Explanation:

treasury stock cost:

24,200 shares x $68 each = 1,645,600

sale of TS

proceeds: 12,500 x $74 =925,000

cost: 12,500 x $68 = 850,000

additional paid-in TS 75,000

second sale of TS:

proceeds _ 11,700 x $65 760,500

Cost: 11,700 x $68 795,600

additional paid-in TS 35,100

6 0

3 years ago