1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
34kurt
3 years ago
15

Magnolia Candle Inc. pays 10% of its purchases on account in the month of the purchase and 90% in the month following the purcha

se. If purchases are budgeted to be $11,900 for March and $12,700 for April, what are the budgeted cash payments for purchases on account for April?
Business
1 answer:
Marizza181 [45]3 years ago
6 0

Answer:

Total cash disbursement= $12,620

Explanation:

Giving the following information:

10% of purchases on account are paid in the month of the purchase

90% of purchases on account are paid in the month following the month of the purchase

Purchases:

March= $11,900

Abril= $12,700

<u>Cash payment April:</u>

Purchase on account from April= 12,700*0.9= 11,430

Purchase on account from March= 11,900*0.1= 1,190

Total cash disbursement= $12,620

You might be interested in
Jane is planning to go on a camping trip. She purchases a bottle of mineral water, a pack of biscuits, a small tube of toothpast
Naddika [18.5K]

Answer:

D) nondurable goods

Explanation:

Durable goods or hard goods are goods that retain its value over a long period of time. It isn't totally consumed over time but can be used over a long period of time. E.g. computer, phone etc

Nondurable goods are goods that are consumed in a short period of time.

Intangible goods are goods that are non physical in nature. Example are services.

I hope my answer helps you

5 0
4 years ago
What is one of the advantages of buying an existing business
Sloan [31]
Here are several advantages to buying an existing business; Immediate cash flow, existing costumers, suppliers, and financial history.
7 0
3 years ago
An ""offer"" to sell an item on an online auction site generally is treated as an invitation to negotiate. True or false?
inessss [21]

Answer:True

Explanation: In live auctions, buying and selling of items, and bidding on these items, are done face to face by the auctioneer and the bidder. Online auction sites provide platforms for consumers and producers to buy and sell items over the internet.

Online auctions are different. Because these transactions take place online, and are thus automated, when an "offer" to sell an item occurs then it can be taken as an opportunity to negotiate. Interested parties can make bids on the item, with or without a limit, depending on the auctioneer. Then the party with the highest bid wins the item.

7 0
4 years ago
The combination of product lines offered by a manufacturer is called the firm's:
aliina [53]

Answer:

product mix

Explanation:

The combination of product lines offered by a manufacturer is called the firm's: product mix.

7 0
2 years ago
JDS Foods’ projected benefit obligation, accumulated benefit obligation, and plan assets were $65 million, $55 million, and $37
Kitty [74]

Answer:

a) $28 Million

b) -$24 Million

Explanation:

The first part of the question is to determine the pension liability tht should be reported in the balance sheet

To do this, we use the following formula

Projected Benefit Obligation - The Plan Assets

= $65 million - $37 Million = $28 Million

Part B) This part says to dettermine the amount JDS would report if the planned asset increase to $89 million

The formula Projected Benefit Obligation - The Plan Assets  still should be used but there is a difference as follows

$65 million - $89 Million = -$24 Million

6 0
4 years ago
Other questions:
  • Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginnin
    11·1 answer
  • Home town grocery has invested in yogurt stands for its stores. the investment cost the company $100,000. variable materials, pr
    7·1 answer
  • Intellectual property laws are intended to promote innovation, but some economists, such as Milton Friedman, have argued that su
    7·1 answer
  • Kelsie told you her goal is to be one of the best overall programmers in the world. She​ doesn't care who she works​ for, or wha
    9·1 answer
  • Choose the correct statement about audits of corporations:
    9·1 answer
  • A customer invests $100,000 in a real estate limited partnership. In the first year of operations, the investor is allocated $20
    7·1 answer
  • If I have an F and have nothing to do. what should I do
    11·1 answer
  • Adams, Inc. has sales of $100,000 with a contribution margin of $60,000 and net income of $20,000. Baron, Inc. has sales of $110
    11·1 answer
  • Differentiate between a bond coupon rate and the market rate of interest.
    5·1 answer
  • determine which statement below about economics is true. economics studies decision-making processes. macroeconomics studies the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!