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Sauron [17]
3 years ago
12

Carmichael Inc. has a beginning balance in Accounts Receivable of $100,000 at June 1. On June 24, Carmichael sells $20,000 of me

rchandise to K. Low, terms 2/10, n/30. Assuming just this one transaction occurred, what is the ending balance in Accounts Receivable at June 30 under the gross method
Business
1 answer:
Gnom [1K]3 years ago
6 0

Answer:

$120,000

Explanation:

Particulars                                                                   Amount

Beginning balance in accounts receivables A/C    $100,000

Add: Credit sales                                                       <u>$20,000</u>

Ending balance in accounts receivables A/C        <u>$120,000</u>

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A point on the production possibilities curve represents a combination of goods that is
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Answer:

The correct answer is:  feasible and efficient.

Explanation:

The production possibility curve or frontier shows the different bundles or combinations of two goods that be produced using the given resources and state of technology.  

All the points on the production possibilities curve represent the combinations that are feasible and efficient.

The points below the curve show the points that are feasible but inefficient.

The points above the curve show the points that cannot be attained using the given level or resources and technology.

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3 years ago
Which of the following questions is an example of macroeconomics?
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Answer:

C. If federal taxes are decreased will consumer spending increase?

Explanation:

One keen question that falls under the domain of macroeconomics is the behavior of consumer spending when taxes are decreased.

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  • Interest rates, inflation, unemployment rate, foreign trade etc. are all categorized under macroeconomics.
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The IPO process involves several entities, such as the issuing company, institutional investors, brokers, lawyers, regulators, r
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Answer:

The IPO Process

One of the underwriters in the IPO deal described above is.

a. J.P. Morgan Securities Inc.

Explanation:

J.P. Morgan Securities Inc. and the following underwriters, Goldman Sachs & Co., Bear Stearns & Co. Inc., Credit Suisse First Corporation, and Lehman Brothers Inc. was involved in the Initial Public Offering (IPO) in 1999, where $3.6 billion was raised in the United States and Canada.  An underwriter is a financial specialist, working closely with the issuing houses to determine the initial offering price of the securities.  The underwriters usually buy the securities from the issuer and then sell them to investors using its distribution network.

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Arianne has a passion for designing clothes and decides to open her own clothing store. she starts it by taking personal loans f
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Arianne's store is an example of a SOLE PROPRIETORSHIP.

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3 years ago
Read 2 more answers
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Mater
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,Answer:

                                               Zoe Corporation

Statement of Cost of Good Manufactured For the Month Ended March 31

Work in Process Inventory                                                                     22,000

Direct Materials:

Materials inventory, March 1                               6,000  

Purchases                                                          92,000    

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Total Manufacturing Cost                                                                      174,000

Less Work in Process Inventory, March 31                                       <u>   (23,500)      </u>

Cost of Goods Manufactured                                                              150,500

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