Answer Quick plz<br><br><br>How would you write $25.08 properly on a check?

Which statement explains how a credit card is a form of financial exchange?

shutvik [7]

Answer:

A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.

5 0

3 years ago

Cullumber Company purchased a new machine on October 1, 2022, at a cost of $90,880. The company estimated that the machine has a

marin [14]

Answer:

The workings are made below;

Explanation:

Depreciation Expense for 2022 =($90,880-$,8,640)/8=$10,280*3/12=$2,570

Depreciation Expense for 2023=$10,280 ($90,880-$8,640)/8

The depreciation for 2022 is calculated on pro rata basis from the date of purchase till December 31,2022.

Where as depreciation for 2023 is charged on full year basis as the asset was used for the whole year.

8 0

3 years ago

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g You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. If the inflation rate is 1.09%, by how

gayaneshka [121]

Answer:

Real purchasing power increase= 2.16%

Explanation:

Giving the following information:

You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. The inflation rate is 1.09%.

In this example, we have two different and opposite effects. The interest rate increases your purchasing power. If the inflation rate is 0, the purchasing power will increase (in one year) 3.25%.

The inflation rate decreases the purchasing power of nominal income.

Real purchasing power increase= annual interest rate - inflation rate

Real purchasing power increase= 3.25 - 1.09= 2.16%

6 0

4 years ago

Expected quarterly unit sales for tents at Sandy’s Camping Gear are 7,500, 8,800, 3,200, and 2,900 for the next 2 years. At the

tresset_1 [31]

Answer:

Q1= 9,510

Q2= 7,680

Q3= 3,140

Q4= 3,820

Explanation:

Giving the following information:

Expected quarterly unit sales for tents at Sandy’s Camping Gear are 7,500, 8,800, 3,200, and 2,900.

At the start of the current year, the inventory of finished tents on hand is 750 tents. The desired ending inventory of 20 percent of next quarter’s sales.

The production budget for each month has the following structure:

Production budget= sales + ending inventory - beginning inventory

Q1= 7,500 + (8,800*0.20) - 750= 9,510

Q2= 8,800 + (3,200*0.20) - 1,760= 7,680

Q3= 3,200 + (2,900*0.20) - 640= 3,140

Q4= 2,900 + (7,500*0.20) - 580= 3,820

6 0

4 years ago

Which financial statement matches asset increases from operating a business with asset decreases from operating the business?Sta

tatuchka [14]

Answer:

Income statement

Explanation:

Statement of change in equity: It records beginning balance of equity, ending balance of equity, net income or loss, dividend paid if any.

Balance sheet: It records the assets and the liabilities side of the balance sheet which equals to

Total assets = Total liabilities + Stockholder equity

Statement of cash flows: It records three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

Income statement: It records all income and expenses of a particular period.

In the given question, the increase in assets records under the revenue part whereas if the asset decreases, it records under expenses part of the income statement.

5 0

3 years ago

Answer Quick plzHow would you write $25.08 properly on a check?