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emmainna [20.7K]
3 years ago
15

Whispering Winds Corp. purchased a delivery van with a $52000 list price. The company was given a $4200 cash discount by the dea

ler and paid $2700 sales tax. Annual insurance on the van is $1400. As a result of the purchase, by how much will Whispering Winds Corp. increase its van account?
Business
1 answer:
Alex777 [14]3 years ago
4 0

Answer:

$50,500

Explanation:

Calculation for by how much will Whispering Winds Corp. increase its van account

Using this formula

Increase in Van account =List price- Cash discount + Sales tax paid

Let plug in the formula

Increase in Van account=$52,000-$4,200+2,700

Increase in Van account=$50,500

Therefore by how much will Whispering Winds Corp. increase its van account will be $50,500

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Which field of economics deals primarily with the problems faced by​ low-income countries?
Marta_Voda [28]

Answer:

Development economics

Explanation:

Development economics is a field which deals with the problems dealt by low-income countries and low-middle income countries. The focus of development economics is to solve the development problems by using economic tools and to push these low-income countries to start trade with developing or developed countries. Development economics gained popularity, especially after globalisation, because it provided low-income countries with an opportunity to interact with other countries.

3 0
3 years ago
Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
makvit [3.9K]

Answer:

$133,000 decrease

Explanation:

The computation of the impact on the operating income is shown below:

Sales for the year    $1,052,000

Less:

Variable cost -$862,000

Contribution margin $190,000

Less:

Fixed cost for 30% of $190,000   -$57,000

Impact on the operating income $133,000

This amount reflects the decrease in the operating income

5 0
3 years ago
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm’s Houston plant: Work-in-proce
Mandarinka [93]

Answer:

1. Using the Weighted-average method

Total equivalent units of a cost product = A + B * C

Where:

A = units transferred to the next department or finished goods (completed)

B = units in work-in-progress at the closing time of time period

C = percentage of completion with respect to the product

Equivalent units of Direct materials = 5,580,000 + (3,090,000 × 40%) = 6,816,000 gallons.

Equivalent units of Conversion = 5,580,000 + (3,090,000 × 60%) = 7,434,000 gallons.

2. Using the FIFO method  

Equivalent Units of Production = equivalent units to complete beginning inventory + units started and completed during the period + equivalent units in ending work in process inventory.

where;

Equivalent units to complete beginning inventory = units in beginning inventory × (100 percent − percentage completion of beginning inventory).

For Direct Materials;

Thus, Equivalent units to complete beginning inventory =

4,800,000 × (100 - 50%) = 2,400,000 gallons

Equivalent Units of Production = 2,400,000 + (5,580,000 × 40%) + 3,090,000 = 7,722,000 gallons

For Conversion;

Thus, Equivalent units to complete beginning inventory =

4,800,000 × (100 - 20%) = 960,000 gallons

Equivalent Units of Production = 960,000 + (5,580,000 × 60%) + 3,090,000 = 4,050,000 gallons

6 0
3 years ago
Read 2 more answers
A borrower is unsure whether to go with a fixed rate or adjustable rate loan. what kind of questions would you ask to help them
katovenus [111]
I would ask them if they were comfortable with a fluctuating rate, which though at the moment is lower than the fixed rate, could go up in the future. I would also ask them if they needed to be sure of the rate say for example for a 5 year term like in a mortgage for peace of mind or if they are willing to take a risk with the fluctuations. If the latter, I would tell them that at any time they could lock it in for a 5 year term if they saw it going up. 
5 0
3 years ago
Frank, the CEO of an American production company, negotiated an opportunity with a television provider in India. After the negot
In-s [12.5K]

Answer:

The contract would be described as <em>International Contract.</em>

Explanation:

<em>International Contracts: </em>International contracts refers to a legally binding agreement between parties based in different countries, in which they are obligated to do or not do certain things. International contracts may be written in a formal way such as the example of Frank contracting an Indian television provider.

Consequently, Frank and the Indian television provider having entered into a contract, are governed by international contract law unless they agree to abide by the laws of one of the US and India.

Moreover, <em>International sales contracts </em>are governed by the <em>United Nations Convention on Contracts for the International Sale of Goods (CISG) from 1980.</em>

8 0
3 years ago
Read 2 more answers
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