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3 years ago

What should i do with $100

Business

2 answers:

Oliga [24]3 years ago

7 0

Answer:

I recommend putting it in a savings account

Explanation:

Your money is safer in the bank than stowed around your room because family members or friends could find it. You could also choose to invest it in something, but you usually need a larger amount of money to make more vital investment in stocks or something to that effect. If you really want to spend part of it, you could buy yourself a nice meal or snack and then save the rest as a self reward but saving money is worthwhile in the long run. Hope this helps :)

jek_recluse [69]3 years ago

4 0

Answer:

either save it or give it to someone in need id.k

Explanation:

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Christa Babcock, owner of Babcock Corporation, knows that her company's cost of goods sold is $432,687 and that her company

Free_Kalibri [48]

Answer:

$63,630

Explanation:

Inventory turnover is the ratio that how many time a business has sold or replaced the inventory during a given period. A business is considered more profitable if it has high inventory turnover.

Average inventory is the average of opening inventory and closing inventory for the year.

Inventory Turnover = Cost of Goods Sold / Average Inventory

Average Inventory = Cost of Goods Sold / Inventory Turnover

Average Inventory = $432,687 / 6.8 = $63,630

4 0

3 years ago

If your firm buys $1,000 worth of supplies on credit with terms 3/15 n60 and pays the bill on the 60thday after the purchase:

Agata [3.3K]

Answer:

Nominal Cost of Trade Credit = 25.09%

Exact Cost of Trade Credit = 28.03%

Explanation:

given data

buys worth = $1,000

terms = 3/15 n60

pays the bill = 60th day

to find out

Nominal Cost of Trade Credit and Exact Cost of Trade Credit

solution

we know here Discount % and time 60 day and discount period that is

Discount % = 3%

time for Payment = 60 days

and Discount Period = 15 days

so Nominal Cost of Trade Credit will be as

Nominal Cost of Trade Credit = Discount % ÷ (100 - Discount % ) × [ 365 ÷ (time for Payment - Discount Period) ] ..................1

put here value we get

Nominal Cost of Trade Credit = $\frac{0.03}{1-0.03}$ × $\frac{365}{60-15}$

Nominal Cost of Trade Credit = 25.09%

and

Exact Cost of Trade Credit will be here as

Exact Cost of Trade Credit = (1+Discount % ÷ (100%-Discount %))^(365/(time for Payment - Discount Period) - 1 ..................2

put here value we get

Exact Cost of Trade Credit = $(\frac{1+0.03}{1-0.03})^{\frac{365}{60-15}} - 1$

Exact Cost of Trade Credit = 28.03%

5 0

3 years ago

Indicate in which financial statement(s) each item would most likely appear, by selecting income statement (I), balance sheet (B

Lana71 [14]

Explanation:

All revenues generated and expenses incurred during a given period are reported in the income statement.

The Statement of equity of the stockholder contains the common stock and the retained earnings that could be used to calculate the ending balance.

The balance sheet shows the assets and liabilities of the company

And, the statement regarding cash flow analyzes the cash inflow and cash outflow position of the comp. This covers three activities i.e. operation, investment and financing

So, the categorization is shown below:

a. Assets = balance sheet (B)

b. Cash from Operating activities = statement of cash flows (CF)

c. Dividends = statement of retained earnings and statement of cash flows (E & CF)

d. Equipment = balance sheet (B)

e. Expenses = income statement (I)

f. Liabilities = balance sheet (B)

g. Net decrease(or increase) in cash = statement of cash flows (CF)

h. Revenues = income statement (I)

i. Total liabilities and equity = balance sheet (B)

7 0

4 years ago

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match

slega [8]

Answer and Explanation:

The matching is as follows:

1. Dividends = A. Stockholders' Equity

2. Prepaid Insurance = D. Assets

3. Unearned Rent = E. Liabilities

4. Fees Earned = B. Revenue

5. Patents = D. Assets

In this way it should be matched

Like the dividend is come under equity so it is shown under stockholder equity

likewise it is applied for the other items

6 0

3 years ago

Which of the following is an example of successive approximation

nadya68 [22]

Giving positive reinforcement when a student comes close to what you wanted

5 0

3 years ago