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3 years ago

Not heading back to school due to high

Business

1 answer:

WITCHER [35]3 years ago

3 0

Answer:

The answer is D, hope this helped!

Explanation:

The answer is D because its a realistic thing to have bills and sometimes you have to take risks or youll have nothing. <3

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Governments use _____ to boost exports and restrict imports. formal instruments of trade policy administrative trade policies su

Mila [183]

Governments use administrative trade policies to boost exports and restrict imports.

When the do this, they are helping producers but hurting the consumer. The administrative trade policies are taking away goods that consumers want by not allowing them to purchase or import the item.

4 0

2 years ago

The journal entry to record the purchase of equipment for a $140 cash down payment and a balance of $480 due in 30 days would in

Tju [1.3M]

Answer:

Option C. A debit to Equipment for $620, a credit to Cash for $140, and a credit to Accounts Payable for $480.

Explanation:

The reason is that the equipment has been acquired by the business which is worth $620 and this means that the equipment which is asset in nature must be increased by it fair value which is $620. The purchase of equipment requires the payment of $140 at the spot which means that the cash asset will be reduced by $140 and the remainder $480 will be paid in future which means that the current liabilities will be increased by $480.

Increase in Equipment (fixed asset) is debited by $620.

Decrease in Cash (asset) is credited with $140.

Increase in current liability is always credited and in this case must be credited with $480.

Journal entry in nutshell is as under:

Dr Equipment $620

Cr Cash Account $140

Cr Accounts Payables $480

7 0

3 years ago

A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?

9966 [12]

Answer: The rate of interest is 7.18 %

Explanation:

To calculate the rate of interest, we use the equation used for the interest compounded monthly follows:

$A=P(1+\frac{R}{n})^{nT}$

A = Amount after time period 'T' = $100,000

P = Principal amount = $50,000

R = rate of interest = ?

n = Number of times interest applied per time period = 1 (annually)

T = time period = 10 years

Putting values in above equation, we get:

$100,000=50,000(1+\frac{R}{1})^{1\times 10}\\\\R=0.0718$

Calculating the rate of interest in percentage:

$\Rightarrow R\times 100=0.0718\times 100=7.18\%$

Hence, the rate of interest is 7.18 %

7 0

3 years ago

Northeast Auto Parts, afamily-owned auto parts store, began January with $10,600 cash. Management forecasts that collections

coldgirl [10]

Answer:

Part 1. $500 required

Part 2. $1,500 required

Explanation:

Part 1.

Northern Auto Parts

Cash Budget

Cash Receipts:

January February

Beginning cash balance 10600 10500

Cash receipts from customers 11300 14700

Cash receipt on note receivable 6500 0

Cash available 28400 25200

Cash payments:

Purchases of inventory 14400 12200

Selling and administrative expenses 3500 3500

Total cash payments 17900 15700

Now

$ $

Cash Receipts: 28400 25200

Cash payments: 17900 15700

Ending cash balance before financing 10500 9500

Less: Ending cash balance Required 10000 10000

Projected cash excess 500 -500

Total effects of financing 0 500

Ending cash balance 10500 10,000

Part 2.

Cash Receipts:

January February

Beginning cash balance 10600 10500

Cash receipts from customers 11300 13700

Cash receipt on note receivable 6500 0

Cash available 28400 24200

Cash payments:

Purchases of inventory 14400 12200

Selling and administrative expenses 3500 3500

Total cash payments 17900 15700

Now

$ $

Cash Receipts: 28400 24200

Cash payments: 17900 15700

Ending cash balance before financing 10500 8500

Less: Ending cash balance Required 10000 10000

Projected cash excess 500 -1500

Total effects of financing 0 1500

Ending cash balance 10500 10,000

The company will have to borrow $1,500 in the month February.

6 0

2 years ago

A budget is usually constructed for a period of

Musya8 [376]

A couple of years: Is usually when a budget is usually constructed.

6 0

3 years ago