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Alona [7]
3 years ago
6

starting balance of Accounts Receivable is $3,400 The starting balance of Cash is $9,000 The starting balance of Inventory is $5

,100 1. Receive payment of $10 owed by a customer 2. Buy $16 worth of manufacturing supplies for cash 3. Sell product for $40 in cash with historical cost of $40 What is the final amount in Cash
Business
1 answer:
mamaluj [8]3 years ago
3 0

Answer:

The final amount in Cash is $9,034

Explanation:

1.

As cash is received, the cash balance is increased by $10, and account receivables are decreased by $10.

2.

As cash is paid for the purchase the cash balance is decreased by $16 and inventory value will increase by $16.

3.

As the sale is made for cash, the cash balance is increased by $40, and the inventory balance is decreased by the same value.

Cash balance = $9,000 + $10 - $16 + $40 = $9,034

The working is attached with this answer please find it.

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One reason demographic variables are the most popular bases for segmenting customer groups is because they ________. Group of an
Korolek [52]

Demographic factors are the most one of the mose used bases for separating or segmenting consumer group. One reason demographic variables are the most popular bases for segmenting customer groups is because are easier to measure than other variables.

Demographics variables often helps consumer needs, wants, and usage rates often to differ. These factors easier to measure than other type of variables.

The segmentation of variable divides the market into smaller means with the use of demographic factors. these factors used are age, gender, and income.

Conclusively, customer segmentation method used is very easy to get through census data, analytics software, consumer forecast etc.

Learn more from

brainly.com/question/14163962

8 0
3 years ago
According to liquidity preference theory, a decrease in the price level causes the interest rate to:a. increase, which increases
mojhsa [17]

Answer:

The correct answer is (B)

Explanation:

Liquidity preference theory emphasised on the interest which investors should demand on long-term investments due to the risk they carry. According to liquidity preference theory, a decrease in the price level shifts the money demand curve leftward. A leftward movement of the money demand curve increases the overall quantity demanded. In that regard, a decrease in interest rate increases the demand for goods and services demanded.

4 0
3 years ago
A retail operation has an average gross margin of 35%. If the average monthly sales for the store is $200,000.00, what is the co
GarryVolchara [31]

Answer:

COGS= $130,000

Explanation:

Giving the following information:

A retail operation has an average gross margin of 35%.

Sales= $200,000.00

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

Gross margin= sales - COGS

COGS= sales - gross margin

COGS= 200,000 - (200,000*0.35)

COGS= $130,000

8 0
3 years ago
Karen Smith bought Coca-Cola stock for $475 on March 31, 20X1. On November 15, 20X1, Karen received a non-taxable distribution o
Murrr4er [49]

Answer:

$20 loss

Explanation:

Karen Smith bought a coca-cola stock for $475 in March 31, 20X1

She received a non taxable distribution of $155 on November 15, 20X1

The first step is to calculate the adjusted basis

= $475-$155

= $320

Karen sold the stock for $300 on December 22, 20X1

Therefore, her gain or loss on the sale can be calculated as follows

= $300-$320

= $20 loss

Hence Karen has a loss of $20 on the sale

7 0
2 years ago
Examine the quarterly sales data in a little different way. Contruct two pie charts, one for sales in 2012 and the other for sal
julsineya [31]

Answer:

sales are becoming less seasonal

Explanation:

besides constructing a pie chart, we can also answer this question by percentages (which is more exact).

2012:

total sales = $69,338

Q1 sales = $10,613 / $69,338 = 15.31%

Q2 sales = $6,424 / $69,338 = 9.26%

Q3 sales = $19,283 / $69,338 = 27.81%

Q4 sales = $33,019 / $69,338 = 47.68%

2013:

total sales = $142,238

Q1 sales = $30,342 / $142,238 = 21.33%

Q2 sales = $33,867 / $142,238 = 23.81%

Q3 sales = $34,246 / $142,238 = 24.08%

Q4 sales = $43,783 / $142,238 = 30.78%

During 2012, almost 50% of total sales happened during Q4, something similar to selling toys which are extremely seasonal due to Christmas.

During 2013, this changed since Q4 sales only represent 30% of total sales. Sales increased during Q1 and Q2, and slightly decreased in Q3. They are much more similar now, since sales are almost evenly spread throughout the year.

7 0
2 years ago
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