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Wewaii [24]
3 years ago
15

Sammy has included a total row to help make sure that his paycheck can be divided to make deposits into these 4 accounts. If the

re were any extra, then he would increase one or all of the deposits. If there were not enough, he would decrease one or all of the deposits. Explain how Sammy calculated his total amount deposited.
Business
2 answers:
tresset_1 [31]3 years ago
7 0
<span>understanding for the importance of making sure that the total deposits (expenses + savings) equals the income. </span>
SIZIF [17.4K]3 years ago
3 0
He had split it into 4 sections an devided by the full amount of the check
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TCBW last year had an average collection period (days sales outstanding) of 33 days based on accounts receivable of $350,000. Al
sergeinik [125]

Answer:

$296,969.70

Explanation:

Days of sales outstanding = number of days in a period / receivables turnover

Receivables turnover = revenue / average receivables

33 = 365 / receivables turnover

receivables turnover = 11.060606

11.060606 = revenue / $350,000

revenue = $3,871,212.12

with the new policy and same revenue :

28 = 365  / receivables turnover

receivables turnover = 13.035714

13.035714 = $3,871,212.12 / average receivables

= $296,969.70

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3 years ago
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For many in the baby boom generation, ......................................... represents a FLASHBULB MEMORY, an .......................... event.
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2 years ago
What are the fundamental differences between mutual funds and hedge funds?
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The correct answers are: 

<span>A.)mutual funds are more strictly regulated than hedge funds
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6 0
3 years ago
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Carlotta Rodriguez purchased six bushes for $19.27 each, a porch swing for $88.22, and a gas grill for $321.77. She must pay the
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4.5+2=6.5

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5 0
3 years ago
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On May 3, 2020, Culver Company consigned 60 freezers, costing $470 each, to Remmers Company. The cost of shipping the freezers a
Mnenie [13.5K]

Answer:

a) Valuation of Ending Inventory

The total cost of consignment = $28980

Cost of Freezers= 60 freezers *$470= $28200

Shipment Costs $ 780

Per unit Cost of Consignment= $28980 / 60= $ 483

The inventory value of the units unsold in the hands of the consignee

= (60 units - 30 units )* 483= $ 14490

b) Profit for the Consignor

Sales 30 units at $800                                      $24000

<u>CGS 30 units at 483                                         14490 </u>

<u>Gross Profit                                                         9510 </u>

Less

Advertising $200

Total installation costs $350

<u>Commision 6% of 24000= $ 1440                     1990 </u>

<u>Net Profit                                                           $7520 </u>

<u />

<u>c) Remittance was made of $7520 </u>

4 0
3 years ago
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