Recording transactions and events is known as

During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal

Kobotan [32]

Answer:

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

Account payable (open) + Purchases - Accounts payable(end) = Paid cash

Accounts payable (open) + 201400-59900= 186500

Accounts payable (open)= 186500+59900-201400

= $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.

A/c receiable during period= 449600-115800+130770

= $464570.

As we know that:

Cash (open) + Cash collected - Cash (end)= Cash payment during period.

46200+248600 - 56770 = Cash payments during year.

Cash payment during year = $351570.

4 0

3 years ago

Todd wants to be sure everyone gets the message about a special speaker coming to their next meeting, so he should use a lot of

Zepler [3.9K]

Answer:

True.

Explanation:

Presentation can be defined as an act of talking or speaking formally to an audience in order to explain an idea, piece of work, project, and product with the aid of multimedia resources or samples.

Formatting is a feature found in a lot of word processing software applications such as Microsoft Word, Notepad, etc., which is designed to avail end users the ability to apply specific formatting options such as cut, bold, italics, underline, etc., to texts based on certain defined criteria.

Basically, it is used for highlighting, emphasize, comparing or differentiating between data (information) stored in a text document.

In this scenario, Todd wants to be sure that the message about a special speaker attending their next meeting is conveyed to the members.

Therefore, he should use a lot of unique formatting such as italics or underlining in the newsletter to be sent out, so as to get their attention.

7 0

3 years ago

Christopher Corp., a multinational technology firm, is working on an expansion plan to increase its market share. To understand

Svetllana [295]

Answer: External opportunity

Explanation: External opportunities refers to the opportunities that arise from the political , legal and economical factors of the environment in which the organisation operates in. These are called external opportunities as organisation have no control over them.

In the given case, due to some policy changes of the Govt., Christopher corp. gets benefit of potential profits and increased market share in the future.

Thus, we can conclude that it is an external opportunity.

4 0

3 years ago

When caroline's dress factory hires two workers, the total product is 50 dresses. when she hires three workers, total product is

Soloha48 [4]

<span>With the increase in the hiring of workers each time, the production of the dresses also increased though not too much of an increase. So the slope of the marginal product curve when two to four workers are hired is downward sloping.</span>

8 0

3 years ago

Daisy's Dolls sold 30,000 dolls this year. Each doll sold for $40 and had a variable cost of $19. Fixed expenses were $250,000.

Vitek1552 [10]

The Net operating income for the year is $380,000

<h3>What is Net operating?</h3>

Net operating income (NOI) is a common metric for determining a property's profitability. The calculation involves deducting all operating expenses from all revenue generated by the property. The more profitable a property is, the higher the revenues and the lower the expenses.

A property, for example, may earn money from tenant rents and a coin laundry machine. Operating expenses include not only maintenance fees, but also insurance and professional assistance. The strength of NOI is that it incorporates all necessary income and expenditures per property into a single calculation.

Using this formula

Net operating income=[Sales×(Fixed Cost-Variable cost)] -Fixed expenses

Let plug in the formula

Net operating income=[30,000×($40-$19)]-$250,000

Net operating income=(30,000×$21) -$250,000

Net operating income=$630,000-$250,000

Net operating income=$380,000

Inconclusion The Net operating income for the year is $380,000.

Learn more about Net Operating Income here:

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6 0

2 years ago