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3 years ago

PLZ HELP ON TIMER CARRERS!!!!! 15 POINTS

Business

1 answer:

denis-greek [22]3 years ago

4 0

Answer:

Explanation:

It seems most reasonable.

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During the current year, the Town of Salo Alto recorded the following transactions related to its property taxes:

anygoal [31]

Answer:

S/N Account Titles & Explanation Debit Credit

1) Taxes Receivable—Current $3,300,000

Estimated Uncollectible Current Taxes $66,000

Revenues $3,234,00

2) Cash $2,987,500

Tax Receivable-current $2,987,500

3) Cash $28,900

Tax Receivable- Delinquent $26,500

Interest and Penalties Receivable On Taxes $2,400

4) Penalties and Interest Receivable $3,750

Estimated Uncollectible Interest $650

and Penalties

Revenues $3,100

5) Taxes Receivable- Delinquent $312,500

($3300000-$2987500)

Estimated Uncollectible Current Taxes $66,000

Taxes Receivable- Current $312,500

Estimated Uncollectible Delinquent Taxes $66,000

4 0

3 years ago

What is a budget constraint and what is the formula

Gelneren [198K]

Represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income.

the formula is y=Pb B + Pw W

Hope that helped!

3 0

4 years ago

How old do you have to be to get a reverse mortgage

Murljashka [212]

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

6 0

3 years ago

Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cos

icang [17]

Answer:

Total LIFO Cost of Goods Sold 1150 units for $ 1302000

Explanation:

LIFo means last in first out. The units bought at the end of the period would be sold first.

Lauer Corporation

Date Transaction Number of Units Cost per Unit Total

1/1 Beginning Inventory 260 $ 960 249600

5/5 Purchase 360 $ 1,060 381600

8/10 Purchase 460 $ 1,160 533600

10/15 Purchase 280 $ 1,210 338800

Total 1360 $ 1503,600

During the year, Lauer sold 1,150 laptop computers.

LIFO COGS

280 units at $ 1,210 = 338800

460 units at $ 1,160 = 533600

360 units at $ 1,060 = 381600

50 units at $ 960= $ 48000

Total LIFO Cost of Goods Sold 1150 units for $ 1302000

5 0

3 years ago

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.

77julia77 [94]

Answer:

ROE for Bethesda Mining company = 24.28%

Explanation:

ROE using Du Pont = $\frac{net profit}{sales}$ × $\frac{sales}{assets}$ × $\frac{assets}{equity}$

the simple way is to solve the equation before substituting. The asset numerator cancels the asset denominator so does the sales numerator to the sales denominator.

so we are left with ROE = $\frac{net profit}{equity}$ = 100,381 / 413348 = 24.28%

8 0

3 years ago

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