A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

DENIUS [597]

Answer:

Number of car washed is 92

So option (a) is correct answer

Explanation:

It is given that 4 workers can wash 80 cars per day

Means initially 80 cars are washed per day

And it is given that rate of car wash is $5 per car

Now price of workers is $60 per day

As per car wash is $5

So number of extra car washed $=\frac{60}{5}=12$

So total number of car washed = 80 + 12 = 92 cars per day

So option (a) is correct answer

7 0

3 years ago

Accounts receivable from sales transactions were $45,427 at the beginning of the year and $61,370 at the end of the year. Net in

ZanzabumX [31]

Answer:

The cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be $108,099

Explanation:

Cash Flow from Operating Activities adjusts the Net Income for the Year with (1) Non-Cash Items, (2) Items Appearing Elsewhere (3) Changes in Working Capital.

From the given data Net Cash flow from Operating Activities is Determined as follows:

<u>Cash flow from Operating Activities</u>

Net income $124,042

<em>Adjustment for Changes in Working Capital.</em>

Increase In Trade Receivables (61,370-45,427) ($15,943)

Net Cash flow from Operating Activities $108,099

6 0

3 years ago

If your investment doubles in 6 3/4 years, what approximate annual rate of return would you have earned? If you could earn an

Akimi4 [234]

Answer:

annual rate of return = 10.67 %

time required for investment double = 9.60 years

Explanation:

given data

investment doubles = 6 $\frac{3}{4}$ year

annual rate = 7.50%

solution

we get here annual rate of return by rule no 72 that is

investment doubles = $\frac{72}{annual\ return \ rate }$ ........1

put here value

annual rate of return = $\frac{72}{6\frac{3}{4} }$

annual rate of return = 10.67 %

so time required for investment double by rule 72

time required for double investment = $\frac{72}{7.50}$

so time required for investment double = 9.60 years

6 0

2 years ago

During April, the first production department of a process manufacturing system completed its work on 375,000 units of a product

d1i1m1o1n [39]

Answer:

Using the weighted average method, the Equivalent units for material is:

= Units completed and transferred out + Equivalent closing material

= 375,000 + (97,000 units * 80% complete with respect to materials)

= 375,000 + 77,600

= 452,600 units

Equivalent units for conversion:

= Units completed and transferred out + Equivalent closing units with respect to conversion

= 375,000 + (97,000 * 30%)

= 375,000 + 29,100

= 404,100 units

3 0

3 years ago

Sun Devil Hair Design has the following transactions during the month of February.(1) February 2 Pay $700 for radio advertising

posledela

Answer:

Sun Devil Hair Design

Journal Entries:

February 2:

Debit Advertising Expense $700

Credit Cash Account $700

To record the payment for advertising for the month of February.

February 7:

Debit Supplies $1,300

Credit Accounts Payable $1,300

To record the purchase of supplies on account.

February 14:

Debit Cash Account $2,900

Credit Service Revenue $2,900

To record the provision of beauty services to customers for cash.

February 15:

Debit Salaries Expense $900

Credit Cash Account $900

To record the payment of employee salaries for the month.

February 25:

Debit Accounts Receivable $1,000

Credit Service Revenue $1,000

To record the provision of beauty services on account.

February 28:

Debit Utility Expense $300

Credit Cash Account $300

To record the payment of utility bill.

Explanation:

Sun Devil Hair Design uses the general journal to record the its daily business transactions. The entries are made to reflect the accounting equation of Assets being equal to Liabilities + Equity at all times. When entering transactions in the general journal, the first step is to identify the accounts that are affected by each transaction. The account to be debited is recorded first followed by the account to be credited. Note that more than two accounts can be involved. However, with the double entry system of accounting, the accounting equation is always in balance.

3 0

3 years ago

A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute​

A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute