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4 years ago

The following selected account balances appeared on the financial statements of Washington Company:

Business

1 answer:

polet [3.4K]4 years ago

4 0

Answer: $72,696

Explanation:

Cash collections from customers = Sales + Decrease in Accounts Receivable:

= 62,595 + (16,209 - 6,108)

= $72,696

Sales represents cash sales and decrease in accounts receivable will represent the amount collected from the debtors.

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how will this discount change the consumer surplus and producer surplus? will big top be more efficient?

Vinvika [58]

The potential producer surplus rises as the equilibrium price rises. Producer surplus decreases when the equilibrium price falls. The producer surplus is intimately correlated with changes in the demand curve.

<h3>How do producer surplus and consumer surplus relate to one another?</h3>

The difference between what a consumer is willing to pay and what they actually spent for a product is referred to as the consumer surplus. The difference between the market price and the lowest price a producer will accept to create a good is known as the producer surplus.
The difference between what a consumer is willing to pay and what they actually spent for a product is referred to as the consumer surplus. The gap between the market price and the lowest price a producer is willing to accept is known as the producer surplus.

To learn more about producer surplus refer to:

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2 years ago

The entry to record a payment on $600 account within the 2% discount period would include

natta225 [31]

Debit to Accounts Payable for $588

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3 years ago

Read 2 more answers

pdf Suppose that the pound is pegged to gold at £20 per ounce and the dollar is pegged to gold at $35 per ounce. This implies an

Tasya [4]

Answer:

1) Buy 10 ounces of gold with the 350 dollars

2) Sell the 10 ounces of gold for £200

3) Exchange £200 for 360 dollars

Explanation:

Due to the difference between the exchange rate in gold and currency, a 2.1% (1.80 / 1.75) advantage can be obtained.

You start in the gold market with 350 dollars which are equal to 10 ounces of gold which are equal to £200. This according to the gold prices, witch generate a 1.75 exchange rate.

Then you go to the financial market where the exchange rate is larger (1.80) and with the £200 you get 360 dollars.

6 0

3 years ago

A series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly. Each monthly dep

nirvana33 [79]

Answer:

The amount left in the account after last withdrawal is $61,945

Explanation:

The first monthly deposit occurred on June 1, 2008 and the last monthly deposit will be on January 1, 2015 = 80 deposit

Monthly deposit = 2,100

Interest rate = 12% / 1% per month

Firstly, we calculate the future worth of the monthly deposit

FW = A(F/A, i, n)

A = 2,100, i = 1%, n= 80

FW = $2100*[(1+0.01)^80 - 1 / 0.01]

FW = $2100*[2.216715 - 1 / 0.01]

FW = $2100*(121.671)

FW = $255,509.10

We calculate the effective interest rate

i(effective) = (1 + i nominal monthly interest rate)^n - 1

i `%, n = 3(no of months in quarter)

i (effective) = (1+0.01)^3 - 1

i (effective) = (1.01)^3 - 1

i (effective) = 1.030301 - 1

i (effective) = 0.030301

i (effective) = 3.0301%

The effective quarterly interest rate is 3.0301%

We calculate the future worth of the quarterly drawings

FW = A[(1+i)^n - 1 / i]

A = 5,000(drawing), i = 3.0301%, n = 26(number of drawings)

FW = 5,000*[(1+0.030301)^26 - 1 / 0.030301]

FW = 5,000*[2.17303717 - 1 / 0.030301]

FW = 5,000*(38.71282)

FW = $193,564.10

The future worth of the quarterly withdrawal is $193,564.10

We calculate the amount left in the account after last withdrawal

Amount left in account = FW(monthly deposits) - FW(quarterly drawings)

Amount left in account = $255,509.10 - $193,564.10

Amount left in account = $61,945

Thus, the amount left in the account after last withdrawal is $61,945

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3 years ago

The article discusses the purpose of strategy is to create a "competitive advantage". What is competitive advantage?

Usimov [2.4K]

Answer:

Competitive advantage is a factor that a business has that allows it to perform better than its competitors by delivering more value to its customers. For example, a company can have a competitive advantage as a result of its offering, customer service or cost structure.

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4 years ago