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Valentin [98]
3 years ago
10

The general ledger of Pop's Fireworks includes the following account balances in 2021:

Business
1 answer:
zimovet [89]3 years ago
7 0

Answer:

June 3

Account Receivable $7,000 (debit)

Service Revenue $7,000  (credit)

June 8

Cash $4,500 (debit)

Discount allowed $500 (debit)

Accounts Receivables $5,000 (credit)

November 15

Bad Debt $1,500 (debit)

Accounts Receivables $1,500 (credit)

Explanation

The above transactions must be adjusted as they affect our transactions at the reporting date. Remember to grant the cash discount on early settlement of the payment made on June 8. The policy of sales on account is on the terms of 2% cash discount on payments made within 10 days.

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aniked [119]

Answer:

True

Explanation:

Because it is

8 0
3 years ago
Given the following production function for Tight Jeans Corporation, calculate the marginal physical product and the value of th
kicyunya [14]

Answer:

labor input      pairs of jeans      marginal physical     value of marginal

                       per day                product                     physical product

0                          0                          0                               0

1                         10                         10                            $300

2                         36                         26                            $780

3                         56                         20                            $600

4                         68                         12                            $360

5                         74                          6                            $180

6                         76                          2                             $60

7                         76                          0                                0

8                         74                         -2                            -$60

The marginal revenue product is the value of marginal physical product, and you calculate it by multiplying marginal physical product times the unit price of the pair of jeans.

5 0
3 years ago
The longdashrun supply curve in a perfectly competitive market states that​ _____. A. the longdashrun quantity remains the same
Leokris [45]

Answer: Option C

           

Explanation: Perfect competition refers to a market structure under which there are large number of buyers and sellers each operating at a small level.

In such a market structure the supply curve is a horizontal line that depicts that whatever the quantity is the price will remain the same, that is,  at the equilibrium level.

This happens due to the fact that there are large of number of participants present and no individual have the power to affect the price.

Thus, the correct option is C.

5 0
3 years ago
Which of the following dimensions of entrepreneurial orientation is described as a forward-looking perspective characteristic of
trapecia [35]

Answer:

A) Proactiveness.

Explanation:

This explained to be a conceptual development in entrepreneurial orientation that enacts a degree of anticipation in product and also increase a productivity in the entrepreneurial sphere. Some undiluted descriptions shows it to be the introduction of results based on its qualitative study, which is been aimed at the characterizing of the proactiveness in entrepreneurial software firms. Experienced researched organizations has shown that the one which are related to environment monitoring and opportunities quest been highlighted are also core part of proactiveness.

4 0
3 years ago
Your parents want to place money in an account so that you can withdraw $200 a week for the next four years while you finish col
professor190 [17]

Answer:

The answer is: $38,429

Explanation:

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Each payment is $200

Discount interest is 0.0769% (4% yearly interest / 52 weeks)

So the present value of the cash flow is: PV = $38,429

The best way to calculate the PV is to use an excel spreadsheet and the NPV formula:

=PV(0.0769%,L1:L208) where L1 to L208 all equal 200

4 0
3 years ago
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