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3 years ago

ECONOMICSWhich situation is an example of a person making use of credit?

Business

2 answers:

sesenic [268]3 years ago

8 0

Answer:

Explanation:

Using credit is borrowing.

jek_recluse [69]3 years ago

3 0

Answer:

Explanation:

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Toggle Company reported sales of $310,000 and cost of goods sold of $180,000 for 20X2. During 20X2, Toggle’s accounts receivable

kiruha [24]

Answer:

Cash Received from customers = $293,000

Cash payments to suppliers = $167,000

Cash flows from operating activities = $460,000

Explanation:

Cash Received from customers is calculated as follows :

Sales $310,000

Less Increase in accounts receivable ($17,000)

Cash Received from customers $293,000

Cash payments to suppliers is calculated as follows :

Cost of goods sold $180,000

Decrease in Inventory $8,000

Decrease in Payable ($21,000)

Cash payments to suppliers $167,000

Cash flows from operating activities is calculated as follows :

Cash Received from customers $293,000

Cash payments to suppliers $167,000

Cash flows from operating activities $460,000

7 0

3 years ago

Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

elixir [45]

Answer:

Total cash collection= $257,500

Explanation:

Giving the following information:

Sales:

March= $250,000

April= $280,000

Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

Cash collection April:

Sales on account from April= 280,000*0.25= 70,000

Sales on account from March= 250,000*0.75= 187,500

Total cash collection= $257,500

8 0

3 years ago

The CFO of company ABC wants to give every employee a 3% raise, but would like a report to confirm if this is possible. Write an

katrin [286]

Answer:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

Explanation:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

In the above sql query employee id is emp_id , curr_salary is the current salary column. "curr_salary*1.03" is been made because an increment of 3% means salary + salary*3% , that is , salary*1.03.

4 0

3 years ago

In recent years some companies have begun to work closely with their customers and/or suppliers by sharing information to develo

notsponge [240]

Answer:

Collaborative Planning, Forecasting and Replenishment

Explanation:

Based on the information provided within the question it can be said that the procedure they are following is known as Collaborative Planning, Forecasting and Replenishment (CPFR). This is a concept whose main focus is enhancing supply chain integration by emphasizing joint practices. Which is what is being done in this situation as companies begin to work closely together with their customers and/or suppliers.

7 0

3 years ago

Farrow Co. expects to sell 150,000 units of its product in the next period with the following results. Sales (150,000 units) $ 2

BabaBlast [244]

Answer:

Accept

Explanation:

The computation of the combined total net income is shown below:

Normal Volume Additional Volume Total

Sales $2,250,000 $180,000 $2,430,000

(15,000 × $12)

Costs and expenses:

Direct materials $300,000 $30,000 $330,000

Direct labor $600,000 $60,000 $660,000

Overhead $150,000 $22,500 $172,500

($150,000 × 15%)

Selling expenses $225,000 $225,000

Administrative expenses $385,500 $64,500 $450,000

Total costs and expenses $1,660,500 $177,000 $1,837,500

Incremental income (loss) from new business $589,500 $3,000 $592,500

Therefore, the company should accept the offer

6 0

3 years ago

****ECONOMICS****Which situation is an example of a person making use of credit?

ECONOMICSWhich situation is an example of a person making use of credit?