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Viefleur [7K]
3 years ago
7

McGill and Smyth have capital balances on January 1 of $50,000 and $40,000, respectively.

Business
1 answer:
spin [16.1K]3 years ago
8 0

Explanation:

5800 is interest,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,, ,,,

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What is a depository institution?
Maslowich

A depository institution is a financial institution in the United States.

7 0
3 years ago
Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband William to work for her. William
Leokris [45]

Answer:

38 bouquets

Explanation:

Based on the scenario being described within the question it can be said that if Kate hired her husband the total daily output would be 38 bouquets. This is a simple addition problem, since Kate's output is 20 bouquets and she is adding her Husband's output by hiring him then we simply add both of their outputs together to calculate their total combined output.

20 + 18 = 38

8 0
3 years ago
What are the four characteristics of bussiness negotiation
Dominik [7]

Answer:

preparation and planning skill.

knowledge of the subject matter being negotiated.

ability to think clearly and rapidly under pressure and uncertainty.

ability to express thoughts verbally.

listening skill.

judgment and general intelligence.

integrity.

ability to persuade others.

Thank you

7 0
2 years ago
Read 2 more answers
A company purchased land for $100,000 cash. Accrued real estate taxes on the land, $2,000, and real estate taxes on the land for
zheka24 [161]

Answer:

$118,000

Explanation:

We know the purchase price of land = $100,000

Also any kind of brokerage or commission is added to such cost as it is part of acquisition and one time expense, thus capital in nature.

Thus, $8,000 paid as brokerage will be added.

Also the one time expense in the capital nature being the demolishing expense will be added to cost.

Thus, net cost of land = $100,000 + $8,000 + $10,000 = $118,000

Some of the salvage sold results in an income for the company, and that shall form part of income statement, and has nothing to do with cost of land.

Thus, net historical cost = $118,000

7 0
3 years ago
A firm's ________ is the level of sales necessary to cover all operating costs, i.e., the point at which ebit equals zero.
Mnenie [13.5K]

A firm's <u>operating breakeven</u><u> point</u> is the level of sales necessary to cover all operating costs.

More about operating breakeven point:

The point at which sales revenue equals all fixed and variable costs while producing no profit for the company is known as the operating breakeven point. A fixed cost is a cost that a company incurs regardless of how many units are produced.

Fixed costs include things like rent, insurance, and interest payments. On the other hand, a variable cost is a cost that varies according on the amount of output. Variable expenses include, for example, labor and raw materials.

Learn more about operating breakeven point here:

brainly.com/question/15406644

#SPJ4

Complete Question:

A firm's ________ is the level of sales necessary to cover all operating costs, i.e., the point at which EBIT equals zero.

A) cash breakeven point

B) financial breakeven point

C) operating breakeven point

D) total breakeven point

7 0
2 years ago
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