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3 years ago

PLEASE HELP NOW

Business

1 answer:

grin007 [14]3 years ago

6 0

Answer:

Hedge funds

Explanation:

A mortgage is a long-term loan facility used to finance the purchase of homes and other properties. It is a long-term loan due to the high amount that needs to be borrowed. Customers in need of a mortgage facility may go to a bank, mortgage bankers, or savings and loan institution.

A hedge fund is a portfolio investment instrument. It is an association between a professional fund manager and investors. They pool their resources together in diversified investments. The investors are passive while the fund manager aggressively invests the funds r to generate higher returns to the investors.

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A merchandiser is a business that sells merchandise, or goods, to customers. There are two main types of inventory accounting sy

bagirrra123 [75]

Answer:

a. Feb. 2

Dr Merchandise Inventory $23,800

Cr Accounts Payable $23,800

4 Dr Merchandise Inventory $50

Cr Cash $50

9 Dr Accounts Payable $5,200

Cr Merchandise Inventory $5,200

14 Dr Accounts Payable $18,600

Cr Cash $18,228

Cr Merchandise Inventory $372

2. Inventory cost $18,278

Explanation:

a. Preparation of the journal entries

Feb. 2

Dr Merchandise Inventory $23,800

Cr Accounts Payable $23,800

4 Dr Merchandise Inventory $50

Cr Cash $50

9 Dr Accounts Payable $5,200

Cr Merchandise Inventory $5,200

14 Dr Accounts Payable $18,600

($23,800 − $5,200)

Cr Cash $18,228

($18,600 – $372)

Cr Merchandise Inventory $372

($18,600 × 0.02)

2. Calculation to determine how much did the inventory cost Burlington Drug Store

Inventory cost =($23,800 + $50 – $5,200 – $372)

Inventory cost =$18,278

Therefore how much did the inventory cost Burlington Drug Store is $18,278

8 0

3 years ago

Trendown inc. has launched a plan to completely transition from a clothing retailer to a cosmetic brand by the end of the year.

inn [45]

This is an example of "proximal goal".

Proximal objectives are best characterized as here and now and are instrumental in accomplishing distal objectives in which are long haul. The proximal objectives are the giving wellsprings of extra data in regards to exhibitions that isn't uncovered with a distal objective. It is basic that proximal objectives are more sensible to achieve the fulfillment on account of the time hole in getting the objectives. For a complex task, it would not bode well to have distal objectives set up in light of the fact that it at that point would set aside a long span of opportunity to close outcomes in a snappy way.

4 0

3 years ago

Kesselring Corporation makes one product and has provided the following information to help prepare the master budget for the ne

Pepsi [2]

C just because that’s the answer

7 0

3 years ago

One of the advantages of information systems for businesses is to take raw data and turn it into information, and then transform

solniwko [45]

Answer:

Data

Explanation:

Data can be defined simply as facts or statistics or sample collected for information or analysis or reference purposes. Data can also be said to be individual or singular units of information. In this case, the number of people with income below the poverty line is an example of data or raw data.

I hope this helps.

5 0

3 years ago

Mantle Company has been in business several years. At the end of the current year; the unadjusted trial balance shows:

maksim [4K]

Answer:

a. Bad debts are estimated to be 7% of RECEIVABLES

Dr Bad Debt Expense $ 16.000

Cr Allowance for Uncollectible Accounts $ 16.000

Explanation:

December 31

Cr Sales Revenue $ 2.200.000

Dr Accounts Receivable $ 310.000

Cr Allowance for Doubtful Accounts $ 5.700

a. Bad debts are estimated to be 7% of RECEIVABLES

Dr Bad Debt Expense $ 16.000

Cr Allowance for Uncollectible Accounts $ 16.000

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT.

Because the company already has a CREDIT balance in the Allowance for Doubtful Accounts it's necessary to register an entry that complement the existing value and reflect the value as % of account receivable.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit) with accounts receivable (credit), with this we are recognizing the bad credit of the company.

8 0

3 years ago