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3 years ago

Why would a monarch from one country be interested in hiring an explorer from a foreign country?

1 answer:

6 0

An example would be King Ferdinand of Spain having Columbus do his exploring for him. It is two fold, in that the riches or the conquering acquires land or resources and it is a show of power, more wealth equals more power. The explorer being from a foreign country is another feather in the cap, showing that they have an edge over that country and that the countryman was willing to go elsewhere and work for a competitor.

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. Intellus has long-term debt of $5 million, owners' equity of $7.5 million, current assets of $1 million, gross fixed assets of

stich3 [128]

Answer:

- $0.5 million

Explanation:

The computation of the net working capital is shown below:

We know that

Net working capital = Current assets - current liabilities

where,

Current assets = $1 million

The net fixed assets = Gross fixed assets - Accumulated depreciation

= $20 million - $7 million

= $13 million

Total assets = Current assets + net fixed assets

= $1 million + $13 million

= $14 million

And,

Total assets = Total liabilities + owners equity

$14 million = Total liabilities + $7.5 million

So, the total liabilities is

= $14 million - $7.5 million

= $6.5 million

Total liabilities = Current liabilities + long term debt

$6.5 million = Current liabilities + $5 million

So, Current liabilities is $1.5 million

Now the net working capital equal to

= $1 million - $1.5 million

= - $0.5 million

7 0

3 years ago

On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating

Inessa05 [86]

Answer:

D) $16,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered

Explanation:

Options include "A) $20,000 Discount Expense plus a $12,000 positive Adjustment to Net Income when the merchandise is delivered. B) $20,000 Discount Expense plus a $12,000 negative Adjustment to Net Income when the merchandise is delivered. C) $20,000 Discount Expense plus a $20,000 negative Adjustment to Net Income when the merchandise is delivered. D) $16,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered E) $20,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered."

Discount expense

= ($1.41 - $1.37) * 400,000 euro

= $0.04 * 400,000 euro

= $16,000

Adjustment at Delivery

= ($1.41 - $1.36) * 400,000 euro

= $0.05 * 400,000 euro

= $20,000 (positive)

6 0

3 years ago

If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs. a. Th

Alex Ar [27]

Answer:

The answer is B.

Explanation:

Capital is what is used to start a business. It is what the owner's contribution in the business. In advanced class, it is called stock or equity. Capital is usually from the owner's savings. But if this money is borrowed either from an individual or a bank, the person is a borrower while the other party is the lender.

Option A is incorrect because money raised from someone makes the person borrowing a borrower and not a saver.

Option C and D are incorrect because the items needed for the business are not consumables, they are needed for the smooth running of the business, hence they are not consumption.

4 0

3 years ago

dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count

saul85 [17]

Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

Cr Income summary 550,900

Dr Income summary 484,200

Cr Cost of goods sold 239,700 (net = $236,000 + $3,700)

Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

Cr Selling expense 44,100 (net = $42,000 + $2,100)

Cr Utilities expense 21,000

Cr Administrative expense 117,000

Dr Income summary 66,700 (= $550,900 - $484,200)

Cr Retained earnings 66,700

Dr Retained earnings 45,000

Cr Dividends 45,000

7 0

3 years ago

Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________

Lady bird [3.3K]

This retailer's Fill rate was 88 percent.

Fill rate, also called order fulfillment fee, is the percentage of orders that you could ship from your to-be-had inventory with no misplaced sales, backorders, or stockouts. it is a very good mirrored image of your potential to meet purchaser calls and the overall effectiveness of your eCommerce operations.

The fill rate formula is simple. You divide the range of purchaser orders shipped in full through the number of patron orders positioned. whilst you multiply that number by 100, you'll study your fill price in the form of a percent.

Fill rate refers to the share of consumer calls that is met via on-the-spot inventory availability, without backorders, stockouts, or lost income. without a doubt positioned, it's an indication of how nicely you are able to meet patron calls at any given time.

Learn more about the Fill rate here: brainly.com/question/25793394

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5 0

2 years ago