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
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.

You might be interested in
4. It's important to remain open during communication and understand that communication and dialogue involves ______ the thought
Shkiper50 [21]

I would think that the answer is influencing. I hope this helps lmk. =)

6 0
3 years ago
Read 2 more answers
Is there a trade-off between standardization and innovation? how are the two related in most companies?
Dmitry_Shevchenko [17]
Standardization and innovation play critical roles in the development of goods and services. Standardization allows for a stabilized starting point in which to move forward and develop other goods and services which is related to innovation. Standardization provides stability, a known factor which can be relied upon, whereas innovation is riskier and may not come to be successful endeavor. However, like all risk, that is the payoff for the investment in innovation, for if the innovative good or service can be successfully brought to market, the dividends for a payout can be well worth it.
5 0
3 years ago
If a customer's bill is $45.00 for the first month their subscription starts and $30.00 each month after that, which date did th
liubo4ka [24]
<span>Answer- The fifteenth of the month. This question doesn't require a lot of thinking. In other words it is a straightforward question. The subscription for each full month is actually $30. This means the subscriptions for each day is about $1. Since the first subscription was $45, the service started on 15th of the moth ($45-$30).</span>
5 0
3 years ago
Google has implemented employment policies like increasing the use of women interviewers for female job applicants and expanding
Sholpan [36]
Specialization. The characteristic of bureaucracy that Google is attempting to address this changes is the formal rules since it is stated on the first part that Google has "implemented employment policies" with regards to hiring women and the maternity benefits. These are the standard operating procedure that everyone in the hierarchy formally follows and plays a big role in the decision-making process.
7 0
3 years ago
Determine the missing amounts.Unit SellingPriceUnit VariableCostsUnit ContributionMarginContribution MarginRatio1. $650 $390 $en
tatiyna

Answer:

I tried to order the information and prepared the following table:

                                                  Product A           Product B        Product C

Unit Selling Price =                        $650                $200              <u>e)$2,300</u>

Unit Variable Costs =                    $390               <u>c)$108</u>              <u>f)$1,495</u>

Unit Contribution Margin =          <u>a)$260</u>                  $92                $805

Contribution Margin Ratio =         <u>b)40%</u>               d)<u>46%</u>                 35%

contribution margin ratio = (revenue - cogs) / revenue     or      

contribution margin ratio = contribution margin / revenue

8 0
3 years ago
Other questions:
  • you worked from 9:00 am to 7:00 pm with a 45 minute unpaid lunch and an unpaid 15 minute break. you will be paid time and 1/2 fo
    10·1 answer
  • The income statement of Sarasota Company is shown below. SARASOTA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
    15·1 answer
  • A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive market equilib
    10·1 answer
  • What is the foundation of a career strategy?
    14·2 answers
  • What are the trade-offs in a retailer's deciding how much to emphasize private brands rather than manufacturer's brands?
    11·1 answer
  • which of the following helps economists judge the overall condition of a particular country's economy?
    15·1 answer
  • business ethics chapter 7 emily, a website designer, is hired by an organization to create an internal website that contains inf
    7·1 answer
  • Gibson company began august with 200 units of product br having a unit cost of $8 in inventory. relevant information is listed a
    6·1 answer
  • Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a manufacturer of
    13·1 answer
  • The Tax Cuts and Jobs Act allows owners of a sole proprietor or partnership to deduct up to _____ percent of the income earned b
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!