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jasenka [17]
3 years ago
7

On March 3, Cobra Inc. purchased a desk for $330 on account. On March 22, Cobra purchased another desk for $460 also on account,

and then on March 24, Cobra paid $460 on account. At the end of March, what amount should Cobra report for desks (assuming these two desks were the only desks they had)
Business
1 answer:
Olin [163]3 years ago
4 0

Answer:

Cobra Inc.

The amount that Cobra should report for desks is $790.

Explanation:

a) Data and Calculations:

Purchases on March 3 =    $330

Purchases on March 22 = $460

Payment on March 24 =   ($460)

Amount unpaid =               $330

b) The amount that Cobra Inc. should report as Accounts Payable at the end of March is $330.  However, in reporting for the desks, it should report $790 in assets.  This amount represents the value of desks that the company is possessing, which is financed by company cash and creditors.

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What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stol
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Explanation:

If Jamie notifies the bank within 2 days of the lost card , her liability for unauthorized would be $50.

6 0
3 years ago
A firm has a debt-equity ratio of .57. what is the total debt ratio? .36
Dmitriy789 [7]

Answer: The total debt ratio is 0.36

The debt ratio and the debt equity ratio are established by the following identity:

Debt Ratio = \frac{D/E}{1+D/E}

where D/E is debt equity ratio

Substituting the value of D/E ratio in the formula above we get,

Debt Ratio = \frac{0.57}{1+0.57}

Debt Ratio = \frac{0.57}{1.57}

Debt Ratio = 0.36

4 0
3 years ago
When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the ________ of the inves
Over [174]

Answer:

present value; future value

Explanation:

When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the present value of the investment. This is achieved by discount the future cash flows using the appropriate discounting rate to show the effect of time value of money.

Then, If we express it in terms of dollars in the future, we call it the future value. This is achieved by Compounding the Principle or Present Value using the appropriate compounding rate to show the effect of time value of money

4 0
3 years ago
A restaurant has fixed costs of $53,400 for the month of March 0006. The average check is $12.95, with an average variable cost
SashulF [63]

Answer:

9587 orders are needed to achieve breakeven sales revenue for March' 06  

Explanation:

Break Even Point is where firm earns Total Revenue (TR)  equal to its total cost (TC)

  • Total Revenue = Average Revenue or Price x Quantity ;
  • Total Cost = Total Fixed Cost + Total Variable Cost

Let quantity i.e unit of sales revenue be = x

Above 2 formulas & ; Total Variable Cost = Average Variable Cost x Quantity implies :-

12.95x = 7.38x  + 53400

12.95x - 7.38 x = 53400

5.57 x = 53400

x = 53400 / 5.57

x = 9587

6 0
4 years ago
Proper marketing objectives have required elements to make them effective. Which of the following is the best example of how a m
Alinara [238K]

Answer:

the answer is c) To increase awareness by 20% in the next year

Explanation:

The objectives in the business and companies in the world, in this case marketing need to have a quantifiable goal and  estimated time of duration, in this case the option a)  doesn't have a number that measure the percentage of the market share, and in the option b) doesn't have an estimated time for example one year or  10 months. Due that the option c) accomplish with the two conditions the answer is c)

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3 years ago
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