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3 years ago

What type of bank account is the best person?

Business

2 answers:

Vlad1618 [11]3 years ago

7 0

Checking account thank you

Law Incorporation [45]3 years ago

6 0

You are so awesome omg it’s like crazy omg omg I love you so so so so much

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Cumberland Co. sells $1,114 of merchandise to Hancock Co. for cash. Cumberland paid $779 for the merchandise. Under a perpetual

elixir [45]

Answer:

Debit Cash $1,114

Credit Sales $1,114

Debit Cost of merchandise sold $779

Credit Merchandise inventory $779

Explanation:

Based on the information given the correct journal entry(is):

Debit Cash $1,114

Credit Sales $1,114

Debit Cost of merchandise sold $779

Credit Merchandise inventory $779

4 0

3 years ago

Sheridan Corporation has fixed costs of $648,640. It has a unit selling price of $7.40, unit variable cost of $5.68, and a targe

Nuetrik [128]

Answer:

The answer is = 1,262,000units

Explanation:

Fixed cost = $648,640

Unit selling price = $7.40

Unit cost price = $5.68

Target profit/net income= $1,522,000

Unit Contribution margin = Unit selling price - unit variable cost

$7.40 - $5.68

=$1.72

Sales in units to achieve its target net income = (fixed Cost + target profit or net income)/unit contribution margin

($648,640 + $1,522,000)/$1.72

=$2,170,649 / $1.72

=1,262,000units

Therefore, Sheridan Corporation needs to sell =1,262,000units to achieve a target income of $1,522,000.

8 0

3 years ago

John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritan

I am Lyosha [343]

Answer:

John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

Explanation:

To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount of the boat he wants = $341,400

M = Annual investment required = ?

r = Annual interest rate = 12%, or 0.12

n = number of yeas = 6

Substituting the values into equation (1) and solve for M, we have:

$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)

$341,400 = M * 6.35284736

M = $341,400 / 6.35284736

M = $53,739.6824846741

Approximating to 2 decimal places, we have:

M = $53,739.68

Therefore, John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

8 0

3 years ago

It is reasonable to state that one object has twice as much of the attribute property when it has a score of 60, and the other o

Ad libitum [116K]

Answer:

The answer is option <u>D) Ratio Scale</u>

Explanation:

Ratio scale is a type of variable measurement scale which is quantitative in nature. Ratio scale allows any researcher to compare the intervals or differences.

The most common examples of ratio scale are height, money, age, weight etc. With respect to market research, the common examples that are observed are sales, price, number of customers, market share etc.

you can use multiplication or division to "scale" ratios.

Multiplying or dividing all terms in a ratio by the same number creates a ratio with the same proportions as the original, so, to scale your ratio, multiply or divide through the ratio by the scaling factor

8 0

3 years ago

Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at

klemol [59]

Answer:

$1,255,000

Explanation:

The increase in accounts receivable is the portion of the current year sales revenue that has not been received in cash, hence, the cash collected from customers in the year 2010 is simply the sales adjusted for the impact of accounts receivable as shown below:

cash collection=sales revenue+beginning accounts receivable-ending accounts receivable

sales revenue=$1,300,000

beginning accounts receivable=$120,000

closing accounts receivable=$165,000

cash collection=$1,300,000+$120,000-$165,000

cash collection=$1,255,000

8 0

3 years ago