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rosijanka [135]
2 years ago
12

Presented below is information for Marin Company.

Business
1 answer:
hram777 [196]2 years ago
3 0

Answer:

Debit Accounts Receivable for $104,700; and Credit Sales Revenue for $104,700.

Debit Cash for $85,400; and Credit Accounts Receivable for $85,400.

Explanation:

The (summary) journal entries to record the items noted will look as follows:

<u>Particulars                                   Debit ($)             Credit ($)        </u>

Accounts Receivable                  104,700

Sales Revenue                                                         104,700

<u><em>(To record net sales (all on account) for the year.)                        </em></u>

Cash                                             85,400

Accounts Receivable                                               85,400

<u>(Collections on accounts receivable during the year.)                 </u>

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Selected data from Emporia Company follow: Balance Sheets As of December 31 2018 2017 Accounts receivable $ 600,000 $ 480,000 Al
svet-max [94.6K]

Answer:

Compute the accounts receivable turnover for 2018.

4.29 times

Compute the inventory turnover for 2018

3.6 times

Compute the net margin for 2017.

24.58%

Explanation:

Compute the accounts receivable turnover for 2018.

accounts receivable turnover = Sales / Accounts receivable

                                                  =  $ 2,400,000 / $ 560,000

                                                  = 4.29 times

Compute the inventory turnover for 2018

Inventory turnover = cost of Sales / inventory

                                = $1,800,000 /  $ 500,000

                                = 3.6 times

Compute the net margin for 2017.

net margin = Net Profit / Sales × 100

                  = (2,400,000-1,810,000) / 2,400,000  × 100

                  = 24.58%

3 0
3 years ago
What term is used to describe a technical, physical, or administrative process designed to reduce risk?
kvv77 [185]

Answer:

Control

Explanation:

Control in management as well as organization is very essential, it is very crucial for organization to achieve their goals. Control helps in the area of taking corrective measures whenever the needs arrises. It involves using technical as well as physical method in regulation of activities within an organization which will later reduces risk. It should be noted that control is

used to describe a technical, physical, or administrative process designed to reduce risk.

6 0
3 years ago
Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bear
Aleksandr-060686 [28]

Answer:

$800

$1,000

The quantity of money demanded decreases as the interest rate rises.

Explanation:

a

To calculate the opportunity cost on government bond at 8%, we use the following method

Opportunity Cost for 8% interest rate on Government Bonds

= (8/100)%× $10,000

= 0.08% ×$10,000

= $800

To calculate the opportunity cost government at bond on 10%, we use the following method

Opportunity Cost for 10% interest rate on Government Bonds

= (10/100)%× $10,000

= 0.1%×$10,000

= $1,000

b. The quantity of money demanded decreases as the interest rate rises.

4 0
3 years ago
Which best describes what a subsidy does?
MAVERICK [17]
<span>Hello,
</span>
Subsidy means allowance, funding, or donation.

Apart from the definition, I believe your answer would be:

<span>It keeps the price of domestic goods relatively low,
</span>
8 0
3 years ago
Read 2 more answers
Suppose Antonio gets utility from consuming two goods, burgers and fries. His utility function is given by U = √ BF = B 0.5F 0.5
Julli [10]

Answer:

5 servings of fries and 2 burgers

Explanation:

The optimal solution to the maximization problem of a consumer is equivalent to the ratio of marginal utilities of goods and it is also equal to the price ratio of the goods. Mathematically:

MRS_{BF} = \frac{MU_{B}}{MU_{F}} = \frac{P_{B} }{P_{F}}

The burgers and fries marginal utilities are MU_{B} and MU_{F} respectively while their prices are P_{B} and P_{F} respectively. Thus,

\frac{0.5B^{-0.5}F^{0.5} }{0.5B^{0.5}F^{-0.5}} = \frac{5}{2}

Further simplification:

F/B = 5/2 ; F = 2.5B

Using Antonio's budget income,

B = income/ P_{B}  -  (P_{F} / P_{B})*F

If we use the values in the problem, we have:

B = 20/5 - (2/5)*F = 4 - 0.4F

if we substitute F = 2.5B

B = 4 - 0.4*2.5B

B = 4 - B

B = 4/2 = 2

F =2.5B = 2.5*B = 2.5*2 = 5

Thus, given the budget constraint of Antonio, he can maximize his utility by eating 5 servings of fries and 2 burgers.

7 0
3 years ago
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