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2 years ago

Apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology.

Business

1 answer:

Vikki [24]2 years ago

4 0

Answer:

Appropriate Terminology

a. If Kevin's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct -------- using the data provided.

bar chart or histogram

b. However, if Kevin's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a -------- would be more appropriate.

table

Explanation:

A bar chart or graph represents categorical data with rectangular bars. It can be used to visualize data distributions, compare data groups, and to track periodic changes in data. Tables are versatile organization tools that can communicate information with or without the use of other graphical tools.

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At the end of the current year, the accounts receivable account has a debit balance of $999,000 and sales for the year total $11

Pavel [41]

Answer:

A.$28,325

B.$56,700

C.$56,650

D.$46,700

Explanation:

A.Record adjusting entry for bad debts on estimated percentage of sales as shown below:

Dr bad debt expenses$11,330,000× 1%×(1/4) $28,325

Cr Allowance for doubtful accounts $28,325

B.Record adjusting entry for doubtful accounts based on aging of accounts as shown below:

Dr Bad debt expense ($43,200+$13,500) $56,700

Cr Allowance for doubtful accounts $56,700

C.Record adjusting entry for bad debts on estimated at 1/2 of 1% of sales.

Dr bad debt expenses$11,330,000× 1%×(1/2) $56,650

Cr Allowance for doubtful accounts $56,650

D.Dr Bad debt expense ($53,100- $6,400) $46,700

Cr Allowance for doubtful accounts $46,700

3 0

3 years ago

A car was purchased for $4500 down and payments of $375 at the end of each month for 5 years. Interest is 9.72% compounded month

agasfer [191]

Answer:

$21,080.2

Explanation:

The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.

The formula for calculating future value is

PV = P × 1 − (1+r)−n

PV is $350

r is 9.72 % or 0.0972 % per year or 0.0081

t is five year or 60 months

FV = 350 x (1-(1+0.0081)-60

0.0081

Fv =350 x 1-0.61628715419

0.0081

FV =350 x( 0.38371284581/0.00810

FV =350 x 47.371956

FV =16,580.20

The value of the car = $4500 + 16,580.20

=$21,080.2

7 0

3 years ago

Rachel McGovern bought a 10-year bond for $921.77 seven years ago. The bond pays a coupon of 15 percent semiannually. Today, the

trasher [3.6K]

Answer:

17%

Explanation:

Purchase price of bond = $921.77

Years investment held = n = 7

Coupon rate = C = 15%

Frequency of payment = m = 2

Annual coupon = $1,000 × (0.15/2) = $75.00

Realized Yield = i

Selling price of bond = PB = $961.22

The realized rate of return is approximately 16.6 percent. Using a financial calculator provided an exact yield of 16.625 percent.

5 0

3 years ago

How much do credit unions spend on social media annually?

ValentinkaMS [17]

Credit unions of a moderate size should budget 50k towards their digital media. Smaller credit unions should stick to around 10k. The largest credit unions can spend 100k-1m depending on their size.

4 0

3 years ago

Read 2 more answers

Understand payments involved with insurance. is a monthly payment is a payment to the policy is a payment to the doctor is a fix

irina [24]

Answer with Explanation:

The questions are related to "premiums" and "co-pays."

Insurance "premiums" are payments to the policy. This can be paid on a monthly, semi-annual or annual basis. So, this means it doesn't only cover monthly payments. This also means that a person who is availing of this will be charged according to the insurance policy.

"Co-pay" is a fixed payment for treatment. This means that the amount of money a person will pay is "specified" and is often given during the time of service. So, this is not only a payment to the doctor because it can be charged once a patient visits a doctor or buys a prescription drug.

So, this explains the answers.

6 0

3 years ago

Read 2 more answers