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mamaluj [8]
3 years ago
13

Present entries to record the following transactions:

Business
1 answer:
Lubov Fominskaja [6]3 years ago
7 0

Answer:

Please see below

Explanation:

a.

Dr Petty cash. $235

Cr Cash $235

b.

Dr Office supplies. $74.5

Dr Miscellaneous Administrator expenses $92.75

Dr Miscellaneous selling expenses $18.60

Dr Cash short and over $6.35

Cr. Cash $192.20

C.

Dr Petty cash $65

Cr. Cash $65

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Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800.
abruzzese [7]

Answer:

A

Explanation:

Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?

6 0
3 years ago
A market:
klemol [59]

A market is

e. all of the above

Explanation:

A market has the following characteristics,

  • It is often a physical place facilitates to market
  • exchanges between buyers and sellers typically
  • involves monetary transactions
  • might not have well-defined geographical limits
  • the value, cost and price of items traded are as per supply and demand in a market.
  • Physical market is a place where buyers can directly meet the sellers physically and purchase their desired merchandise from them in exchange of money.
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7 0
3 years ago
The UCC permits terms to be added into a contract or filled in as gap fillers; however, a contract between merchants cannot be e
podryga [215]

Answer: The answer is true

Explanation: the contract can not be enforce until both merchant agrees on a specified price on their agreement

The element of common law includes offer,acceptance and consideration. For the contract to be binding and legal both parties must have the capacity of entering into the contract. The contract of common law will be void if all element of common law formation do not exit.

6 0
3 years ago
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What do you mean by agriculture expert??
valentinak56 [21]

Explanation:

agriculture expert a person who is expert in the field of agriculture person who knows best about the agriculture is generally known as agricultural expert

7 0
3 years ago
Suppose the spot rates for 1 and 2 years are s1=6.3% and s2=6.9% with annual compounding. recall that in this course interest ra
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Since the problem assumes annual compounding, then the relationship of forward rate and spot rates is given in the equation:

f1,2 = ((s2^2 / s1) - 1)

Therefore,

f1,2 = ((1.069^2 / 1.063) - 1)

f1,2 = 0.075 = 7.5%

Forward rate is 7.5%.

4 0
3 years ago
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