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NeX [460]
3 years ago
5

You have just received your paycheck from Chick-Fil-A. You go to the bank to deposit your check in the amount of $120.00 to your

bank account. The teller issues you a deposit slip. Upon leaving the bank, you go to Target. There you see a pair of jeans you like on sale for $30.00 from the usual $40.00. You decide it’s a great deal and purchase the jeans. You give the cashier your debit card to pay for the purchase and the jeans become yours. Using this scenario, please discuss how the three uses of money are being utilized. Please be specific about each use and which step in this scenario represents each use.
Business
1 answer:
algol133 years ago
8 0
It’s $90 the last answer
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For the next 2 questions, use the financials of Acme Corporation. After adjusting revenue for accounts receivable and deferred r
Mekhanik [1.2K]

Answer: B. $892.1 million

Explanation:

The Revenue was $939,393 million

When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.

Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.

Increase in Receivables = 309,196 - 221,504

= $87,692 million

Increase in Deferred Revenue= 374,730 - 334,358

= $40,372 million

The Cash generated is therefore;

= 939,393 - 87,692 + 40,372

= $892,073

= $892.1 million

I have attached the Financial Statements of Acme Corporation.

6 0
3 years ago
Please hep me solve this thank you!Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out a
jarptica [38.1K]

Answer:

$546,750

Explanation:

Sales                  2,498,000

COGS                (1,376,000)

gross profit        1,  112,000

S&A salaries        (219,000)

other S&A           (346,000)

underapplied MO  (10,250) *

net income           536.750‬

*we need to compare the actual voerhead with the applied overhead:

<u>actual overhead:</u> 176,000 + 420,000 = 596,000

<u>applied overhead:</u>

overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

568,000 / 32,000 = 17.75

33,000 x 17.75 = 585.750

      overhead

<u>debit              credit</u>

596,000    585,750

                    10,250 underapplied overhead

As the applied was lower it is underapplied we need to recognzie more cot thus, the net income decrease.

4 0
3 years ago
Which of the following is true of specialty stores? Group of answer choices They carry a deep assortment of merchandise within a
MrMuchimi

The correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.

<h3>What is a specialty store?</h3>

This refers to a retail store which lay emphasis on selling products which have specific category. It is to be noted that specialty store have a wide selection of products but few categories.

Hence, the correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.

Learn more about specialty stores here: brainly.com/question/7145120

#SPJ12

8 0
1 year ago
Which of these is an example of a trade restriction?
Alex787 [66]

Answer:

A tariff on imported cars

Explanation:

5 0
3 years ago
Read 2 more answers
You are part of a group, making a decision about whether it is appropriate to discontinue research on a new drug. This new drug
Rufina [12.5K]

Answer: An escalation of commitment

Explanation:

Carrying out projects can be capital, time and energy intensive. Most times they could result to a positive progress or result and other times they may not but the area of changing minds on a project that has had a great ton of investment is usually hard except there is nothing that would be gotten from it. When so much time and resources has been put into a project and there is no plan for a change such commitment is called an escalation of commitment

6 0
3 years ago
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