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bearhunter [10]
3 years ago
10

Here is the accounting equation for Sam's auto parts $18,000= $12,000 +$6,000 The owner withdrew $1,500 for personal use. Write

the new accounting equation.
Business
1 answer:
Eva8 [605]3 years ago
5 0

Answer:

$18000=$12000+$4500

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The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the ye
Effectus [21]

Answer: $30,000

Explanation:

Sales are $800,000 and the average price is $40. Number of units sold is;

= 800,000/40

= 20,000 units

Sales                $ 800,000  

<em>Less</em>: Cost of Goods Sold                 ($560,000)  

Gross Margin                  <u>$240,000</u>  

Less : Variable Costing  

Selling Expenses (20,000 units X $3.00)                  ($60,000)

Administrative Expenses (5% of $ 800,000)               ($40,000)  

Contribution Margin               <u> $140,000</u>  

Less: Fixed Cost  

Selling Expenses ($100,000 - $60,000)                    ($40,000)  

Administrative Expenses ($110,000 -$40,000)                     ($70,000)  

Net Operating Income                  <u> $30,000</u>  

3 0
3 years ago
United Disposal, Inc., operates a hazardous waste disposal site that accepts waste transported by Ace Trucking Company from Gene
rosijanka [135]

Answer:

United Disposal, General Manufacturing Corporation, Ace Trucking Company, and/or Investment Properties.

Explanation:

When the EPA cleans up site, it generally uses money from its superfund and it is allowed to recover the money from the entity that caused the pollution (either directly or indirectly), the owner of the premise or the user of the premise. I.e. they can recover the funds from anyone involved. The EPA will try to recover the funds based on several aspects including the financial position of the entities involved. E.g. if United Disposal, Ace Trucking Company and General Manufacturing Company filed for bankruptcy, the EPA will recover the funds from Investiture Properties even if they were not responsible for the pollution.

8 0
2 years ago
What is research and development in research?
borishaifa [10]

Businesses engage in research and development (R&D) when they want to produce new products or find ways to enhance the ones they already have. Larger businesses might have their own in-house research and development group that will evaluate and improve items or procedures prior to use in the marketplace.


The creation of new knowledge is what research and development do. It is a task that businesses carry out in order to create new goods, methods, or services, or to enhance ones that currently exist. Businesses frequently assume risk in order to achieve this.

While the development stage of research and development comprises the processes necessary to bring a new or modified product or process into production, applied research advances the findings of basic research to the point where they can be used to address a particular need.


For more information on research and development visit:
brainly.com/question/18133163
#SPJ4

8 0
1 year ago
small income-producing property is priced at $600,000 and is expected to generate the following after-tax cash flows: Year 1: $4
Lyrx [107]

Answer:

$-148,867.17

Explanation:

Present value of inflows=cash inflow*Present value of discounting factor(rate%,time period)

=42000/1.15+44000/1.15^2+45000/1.15^3+50000/1.15^4+650,000/1.15^5

=$451132.83

NPV=Present value of inflows-Present value of outflows

=$451132.83-$600,000

=($148867.17)(Approx)(Negative figure)

Hence since NPV is negative;investment must not be made.

4 0
3 years ago
Francisco's credit card has an APR of 13%, calculated on the previous
lora16 [44]

Answer:

$279.53

Explanation:

The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:

Principal paid =

$47.67+$47.23+$46.80+$46.37+$45.94+$45.52

=$279.53

Therefore how much of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.

5 0
3 years ago
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