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PtichkaEL [24]
3 years ago
13

What environmental advantages would there be in having fewer transactions?

Business
1 answer:
ra1l [238]3 years ago
4 0

Answer:

Less Of an Imcome

Explanation:

You might be interested in
Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be
sveta [45]

Answer:

$29,000

Explanation:

Calculation would be as follows:

Particular                                   Amount ($)

Beginning Cash                          10,000

Add: Cash Receipt                      85,000

Less: Cash Disbursement          (66,000)

Cash Available                            29,000

Hence, the cash available over disbursement for the month would be $29,000.

3 0
3 years ago
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers
Alchen [17]

Answer: Please see answer in the expalantion column

Explanation:

To record merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2 Accounts Receivable-Equinox Co $20,000  

                              Sales                                            $20,000.

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2  Cost of Merchandise Sold        $13 150.00  

Merchandise Inventory                                            $13,150.00

To record merchandise sold for cash

Date Account Titles and  Explanation        Debit     Credit

Mar 3     Cash(10,950 + 657)                       $11,607.00

                           Sales                                                  $10,669.00

Sales Tax Payable(10,950 x 6%)                                   $657.00

To record cost of merchandise sold on account

Cost of Merchandise Sold                    $7,100.00  

Merchandise Inventory                                              $7,100.00

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 4 Accounts Receivable-Empire Co $51,450.00  

                                           Sales                              $51,450.00

To record cost of merchandise sold on account

  Cost of Merchandise Sold                $35,420.00  

Merchandise Inventory                                            $35,420.00

To record merchandise sold using Master card

Mar 5 Cash(27900 +1,674)                  $29,574

                            Sales                                               $27,900

Sales Tax Payable(27,900 x6%)                                $1,674

To record cost of merchandise sold using Mastercard

Cost of Merchandise Sold $18, 470.00  

Merchandise Inventory                                         $18,470.00

To record receipt of check from Equinox Co

Date Account Titles and  Explanation        Debit     Credit

Mar 12 Cash(20,000-200)                           $18,000 

Cost of merchandise sold (20,000 x 1%)        $ 200

Account Receivable-Equinox Co                                   $20,000

To record cost of merchandise sold using American Express

Date Account Titles and  Explanation        Debit     Credit

Mar 14 Cash                                        $12,380

                       Sales                                                    $12,380

To record cost of merchandise sold on account

     Cost of Merchandise Sold              $9,120  

        Merchandise Inventory                                       $9,120

To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

Mar 16 Accounts Receivable-Targhee Co  $28,500  

                           Sales                                                   $28,500

To record cost of merchandise sold on account

Cost of Merchandise Sold               $14,690  

Merchandise Inventory                                                 $14,690

To record credit memo  for returned merchandise

Date Account Titles and  Explanation        Debit     Credit

Mar 18 Sales                                         $4,400.00  

Accounts Receivable-Targhee Co                            $4,400.00

To record cost of merchandise sold on account

Cost of Merchandise Sold                 $2,910.00 

Merchandise Inventory                                            $2,910.00

To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

Mar 19 Accounts Receivable- Vista Co   $7,400  

                         Sales                                                        $7,400

To record cost of merchandise sold on account

Cost of Merchandise Sold                   $4,630  

Merchandise Inventory                                                 $4,630

To record freight charges on behalf of Vista Co

Accounts Receivable- Vista Co        $55.00  

   Cash                                                                             $55.00

To record transaction of receipt of check from Targhee Co(

Date Account Titles and  Explanation        Debit     Credit

Mar 26 Cash (24,100 - 241)                       $23,859

Cost of merchandise sold(24,100 x1%)             $241  

Account Receivable-Targhee Co(28,500 -4,400)         $24,100

To record transaction of receipt of check from Vista co

Date Account Titles and  Explanation        Debit     Credit

Mar 28 Cash(7455-149.1)                 $7,305.00  

Sales Discount (2% x $7455)              $149.10

Account Receivable-Vista Co  $7,400 +55)                   $7,455

To record transaction of receipt of check from Empire Co

Date Account Titles and  Explanation   Debit     Credit

Mar 31 Cash                                       $51,450.00  

Account Receivable- Empire Co                       $51,450.00

To record payment of delivery for mechandise

Date Account Titles and  Explanation   Debit     Credit

Mar 31 Delivery Expenses                    $5,100.00  

             Cash                                                              $5,100.00

To record p[payment of service charges to BANK

Apr 3 Credit card Expenses             $850   

                        Cash                                                     $850

To record payment of Sales Tax Division

Apr 15 Sales Tax Payable                $6,212  

Cash                                                                               $6,212

3 0
3 years ago
When Amy states, "We feel that better aligning our talent strategy with our business strategy is going to be critical for our su
LUCKY_DIMON [66]

Answer:

planning

Explanation:

In this scenario it seems that Amy is demonstrating the planning part of the managerial functions. This part focuses on creating the plans and processes needed in order to be able to meet all of the company goals and objectives. In this scenario, by stating the actions that she thinks would better the company, she is letting everyone know her plan, therefore she is demonstrating the planning function.

4 0
3 years ago
At December 31, 2020, Pharoah Company has outstanding three long-term debt issues. The first is a $2,370,000 note payable which
Snezhnost [94]

Answer:

The first is a $2,370,000 note payable which matures June 30, 2023.

The second is a $5,580,000 bond issue which matures September 30, 2024.

annual sinking fund payments of $2,570,000 in each of the years 2022 through 2026.

Year       Amount of long term debt       Working      

2021                   $0

2022              $2,570,000

2023              $4,940,000                       = $2,570,000 + $2,370,000

2024              $8,150,000                        = $,2,570,000 + $5,580,000

2025              $2,570,000

2026              $2,570,000

Long term debt is debt that must be paid in a period of time longer than one year. Debts that are due in less than one year are classified as current debts or liabilities. That is why there is no long term debt for 2021 (current year).

7 0
3 years ago
approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the mar
anyanavicka [17]

The question is incomplete. The complete question is :

A manufacturer believes that the cost function : $C(x) =\frac{5}{2}x^2+120 x+560$  approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the marginal cost goes beyond $210. What is the most units the manufacturer can produce and still make a profit? What is the total cost at this level of production?

Solution :

Given the cost function is :

$C(x) =\frac{5}{2}x^2+120 x+560$  

Now, Marginal cost = $\frac{d}{dx}C(x)$

So, if the marginal cost = $ 210, then the manufacturer also makes a profit and if it goes beyond $ 210 than the manufacturer cannot make a profit.

Therefore, we have to equate : $\frac{d}{dx}C(x)= \$ 210$

$\frac{d}{dx}C(x)= \frac{5}{2}(2x)+120 = 210$

$5x + 120 = 210$

$5x=210-120$

$5x=90$

$x=45$

So when x = 45, then C(x) = $ 8042.5

Therefore, the manufacturer $\text{can make up}$ to 45 units and $\text{still makes a profit.}$ This leads to a total cost of $ 8042.5

3 0
3 years ago
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