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3 years ago

What should a colleague do if a box that looks like it’s leaking ?

Business

1 answer:

erik [133]3 years ago

7 0

Answer:

It might be something scary, like a health situation you've been ignoring while hoping it.

Explanation:

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A car was purchased for $4500 down and payments of $375 at the end of each month for 5 years. Interest is 9.72% compounded month

agasfer [191]

Answer:

$21,080.2

Explanation:

The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.

The formula for calculating future value is

PV = P × 1 − (1+r)−n

PV is $350

r is 9.72 % or 0.0972 % per year or 0.0081

t is five year or 60 months

FV = 350 x (1-(1+0.0081)-60

0.0081

Fv =350 x 1-0.61628715419

0.0081

FV =350 x( 0.38371284581/0.00810

FV =350 x 47.371956

FV =16,580.20

The value of the car = $4500 + 16,580.20

=$21,080.2

7 0

3 years ago

Which of the following makes notes receivable different from accounts receivable? (Select all that apply.) Multiple select quest

Goryan [66]

The following makes notes receivable :

- Notes receivable are formal written contracts.

- Notes receivable have a stronger legal claim.

- Notes receivable are interest bearing.

<h3>What are Notes Receivable?</h3>

Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement. Promissory notes are a written promise to pay cash to another party on or before a specified future date.

If the note receivable is due within a year, then it is treated as a current asset on the balance sheet. If it is not due until a date that is more than one year in the future, then it is treated as a non-current asset on the balance sheet.

Often, a business will allow customers to convert their overdue accounts (the business’ accounts receivable) into notes receivable. By doing so, the debtor typically benefits by having more time to pay.

Learn more about Notes Receivable on:

brainly.com/question/26965875

#SPJ4

5 0

2 years ago

During Burns Company's first year of operations, credit sales totaled $166,000 and collections on credit sales totaled $118,000.

marusya05 [52]

Answer:

1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense.

Db Bad debt expense_______ 3320

Cr Allowance for bad debt_________________ 3320

Db Allowance for bad debt__ 430

Cr Account Recevaible_____________________ 430

2. Show the year-end balance sheet presentation for accounts receivable.

Account receivable__________47570

Net account receivable_______44250

Explanation:

Credit sales 166000

Credir sales 118000

Bad debt losses 2%

Writte off 430

Allowance 3320

Db Bad debt expense_______ 3320

Cr Allowance for bad debt_________________ 3320

Db Allowance for bad debt__ 430

Cr Account Recevaible_____________________ 430

Year end balance___________48000

Cr Account Recevaible_________430

Account receivable__________47570

Allownace for bad debts_______3320

Net account receivable_______44250

5 0

4 years ago

Gross Profit MethodBased on the following data, estimate the cost of the ending merchandise inventory:Sales (net) $1,450,000Esti

Mariulka [41]

Answer:

Ending inventory= $119,000

Explanation:

Giving the following information:

Sales (net) $1,450,000

Estimated gross profit rate of 42%

Beginning merchandise inventory $100,000

Purchases (net) 860,000

Merchandise available for sale $960,000

Cost of goods sold= 1,450,000*0.58= 841,000

Ending inventory= 960,000 - 841,000= 119,000

5 0

3 years ago

Crystal Ship Knitwear, Inc., is expanding its offerings from handmade winter hats, scarves, and gloves to include clothing such

lara31 [8.8K]

Answer: demand forecast

Explanation:

Demand forecast simply means predicting the demand for a particular good or service in order to determine supply and also make other necessary management decisions.

Based on the information that were provided in the question, to staff the new manufacturing facilities and brick-and-mortar stores properly, the company should conduct a demand forecast.

7 0

3 years ago