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netineya [11]
2 years ago
14

Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a

$400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000
Business
1 answer:
Jobisdone [24]2 years ago
8 0

Answer:

A. $300

Explanation:

The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;

= Opening balance + purchase made - credit received - payment made

= $1,200 + $1,500 - $400 - $2,000

= $300

Hence, the amount will go into the schedule of accounts for Custom Motors is $300

Therefore the option a is correct

And, the same would be considered

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Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per
IgorC [24]

Answer:

Economic profit will be $40

So option (d) will be correct option

Explanation:

We have given number of units produced = 20 units

Price of per unit = $10 per unit

So revenue = 20×$10 = $200

Revenue :20 units * $10 = 200

Fixed cost is given $100

Variable cost: 20 units ×$3 = 60

So total cost= Fixed cost + Variable cost = 100 + 60 =$160

So economic profit = Revenue - Total cost = 200 - 160 = $40

So option (d) will be correct answer

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3 years ago
Jane is not married and has no children she is 35 and owns here own home under which status is she most likely to file
uysha [10]

She would be most likely to file under SINGLE :)

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6 0
3 years ago
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest
stiv31 [10]

Answer:

You will have $10,306 more

Explanation:

In this question, we are asked to calculate the difference in the amount of money we will earn if the same deposit amount is made in two different banks with different interest payment scheme

Firstly, Calculate the amount in the account as follows:

Future value = Interest + Amount = (Am ount x Period x Rate) + Amount = ($54,000 x 10 x 6%) + $54, 000 = $32,400 + $54,000 = $86,400

Therefore, the future value is

$86,400

Now, we calculate the amount by using the compounding as follows:

Future value = Amount x (1+ Rate)^n =

$54,000 * (1+0.06)^10

= $54,000 * 1.791 = $96,706

Therefore, the compound future value is

$96,706

The difference in amount is calculated as follows:

Difference in amount = $96,706 - $86,400 = $10,306

5 0
3 years ago
Help me to answer thi Q! Thanks!
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If the dollar interest rate is 10 percent, the euro interest rate is 6 percent, and the expected return on dollar depreciation a
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3 years ago
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