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ladessa [460]
2 years ago
13

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.

Business
1 answer:
Deffense [45]2 years ago
6 0

Answer:

$727,000

Explanation:

Calculation of cash paid for merchandise

Cost of goods sold

$735,000

Add:

Merchandise inventory, December 31

$82,400

Less:

Merchandise inventory, January 1

($84,700)

Purchases during the period

$732,700

Add:

Accounts payable, January 1

$54,500

Less:

Accounts payable, December 31

($60,200)

Cash paid for merchandise

$727,000

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At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes t
LUCKY_DIMON [66]

Answer:

The correct answer is entrepreneurs are born, not made.

Explanation:

Entrepreneurs, social psychologists and economic theorists have speculated on whether entrepreneurs are born or made, in other words, if you are predisposed to become an entrepreneur because of your genetic constitution, or if that provision comes from your environment, conditioning or other external factor.

For most entrepreneurs, it is comforting to think that business men and women are made, that even if they lack the "right" DNA, practice, experience and sufficient conditioning to be a success.

6 0
3 years ago
If you found that the total of the debits column of the trial balance for a company is $200,000, while the total of the credits
jarptica [38.1K]

Some accounting errors that cause the difference between the debits and credits columns of the trial balance are as follows:

  • Data entry errors
  • Errors of omission
  • Errors of commission
  • Errors of transposition of one side of the entry
  • Compensating errors
  • Errors of duplication
  • Errors of principle
  • Errors of entry reversal

These errors are called accounting discrepancies. They are not intentional mistakes, but they often occur.

Thus, to forestall accounting errors, every company requires good accounting software to record its transactions, while the accounting staff should be adequately trained.

Learn more about the accounting errors that cause the trial balance not to balance at brainly.com/question/25671653

3 0
2 years ago
Which of the following is a benefit of determining your personal vision:
labwork [276]

Answer:     the difference between two numbers can be obtained by subtracting the smaller number from the bigger number.

• Here, - 0.4 is the smaller number, and 44.4 is the larger number.

• Therefore, the difference between the two is 44.4 - (- 0.4).

• Now, in mathematics, - and - makes a +.

This implies that, 44.4 - (- 0.4) = 44.4 + 0.4 = 44.8

∴   The required difference is 44.8.

Explanation: follow meif you want to help more

8 0
2 years ago
You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equ
taurus [48]

Answer:

8.15 %

Explanation:

Weighted Average Cost of Capital (WACC) is the business Cost of permanent sources of finance pooled together. It shows the risk of the business and is used to evaluate projects.

WACC = Cost of Equity x Weight of Equity + Cost of Preferred Stock x Weight of Preferred Stock + Cost of Debt x Weight of Debt

<u>Remember to use the After tax cost of debt :</u>

After tax cost of debt = Interest x ( 1 - tax rate)

                                    = 6.50% x (1 - 0.40)

                                    = 3.90 %

therefore,

WACC = 11.25% x 55% + 6.00% x 10% +  3.90 % x 35%

            = 8.15 %

Thus,

Quigley's WACC is closest to 8.15 %.

3 0
3 years ago
Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and
serg [7]

Answer: Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and knows that introducing the new product can be risky because it might fail. He also knows that <u>not introducing new products</u> is risky as well.

Explanation: Launching new products to the market is essential if a company wants to survive. The development of new products is linked to the ability of a company to remain competitive and the longevity of a business. since as time passes new products are created better than the previous ones leaving them obsolete.

7 0
3 years ago
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