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netineya [11]
3 years ago
15

Determine if there was a percent increase or decrease in the number of trench coats sold, and by how much. (Round your answer to

the nearest tenth.)
a.

The percentage of trench coats sold decreased by 0.8%.

b.

The percentage of trench coats sold increased by 0.8%.

c.

The percentage of trench coats sold decreased by 23.3%.

d.

The percentage of trench coats sold increased by 23.3%.
Business
1 answer:
Sergio039 [100]3 years ago
8 0

Answer:

D. increase of 23.3%, right on edge

Explanation:

to find the percentage increase, first you need to substract the final from the initial, then divide the difference by the initial, then multiply your answer by 100 to get the percentage

in this case, the final is 127, and the initial is 103

127 - 103 = 24

24 ÷ 103 = 0.233

0.233 x 100 = 23.3%

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Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.March 1 - Bills are sent to clien
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Answer: Please find answers in explanation column

Explanation:

Journal entry for Nexium & Associates

1.Journal to  record Services provided in February.

Date              Account                      Debit                           Credit

March 1      Accounts receivable       $800

               Service revenue                                                    $800

 2.Journal to record purchase of furniture and supplies on account.

March 9      Office furniture         $1,060

               Office supplies             $160

          Accounts payable                                                          $1,220

3.Journal  To record payment made to suppliers, Corner Office Inc.

March 15      Accounts payable          $1,220

                          Cash                                                                  $1,220

4.Journal To record the bill of electricity for  march which is not yet due to be paid till April.

March 23       Electricity expense        $430

           Outstanding Liabilities                                                     $430

5.Journal To record the salary payment to employees.

March 31       Salaries expense                 $850

              Cash                                                                              $850

3 0
3 years ago
Majesty Productions accepted a $7,200, 120-day, 6% note from Swartz Studio on March 1. On the date the note matures, Swartz is u
weeeeeb [17]

Answer:

D. Debit Accounts Receivable $7,344; credit Interest Revenue $144; credit Notes Receivable $7,200.

Explanation:

Interest: $7,200 × .06 × 120/360 = $144

The entry that Majesty should record on the maturity date for this dishonored note is :

Debit Accounts Receivable $7,344

Credit Interest Revenue $144

Credit Notes Receivable $7,200.

5 0
3 years ago
Read 2 more answers
Corporations are classified into one or more categories that reflect their overall _______. (choose all the correct answers)
Sophie [7]

Companies are divided into one or more categories based on their general objectives; capitalization and structure (also location).

<h3>What do corporation do?</h3>

A corporation is a type of legal entity with the power to hold property, sign contracts, and bring and receive legal actions. It is a group of people who collaborate to make a profit on their investment, comprising labour and monetary suppliers.

<h3>Who or what owns a corporation?</h3>

A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.

Learn more about stockholders: brainly.com/question/28017828

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5 0
1 year ago
The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo
agasfer [191]

Answer:

Using LIFO:

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COGS = $11,021,250

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Explanation:

KINDLY CHECK ATTACHED PICTURE

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Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J.
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Answer:

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Explanation:

Debts to total asset ratio = Total liabilities / total assets

For J.Cox Inc 2016;  Debts to total asset ratio = $47,422 / 73,744

Debts to total asset ratio = 0.64306

Debts to total asset ratio = 0.64

2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64

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3 years ago
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