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muminat
3 years ago
12

Vaughn Manufacturing assigned $1606000 of accounts receivable to Cullumber Company as security for a loan of $1342000. Cullumber

charged a 3% commission on the amount of the loan; the interest rate on the note was 11%. During the first month, Vaughn collected $459000 on assigned accounts after deducting $1550 of discounts. Vaughn accepted returns worth $5300 and wrote off assigned accounts totaling $11880. Entries during the first month would include a
Business
1 answer:
liubo4ka [24]3 years ago
7 0

Answer:

Entries during the first month would include the following:

Account Title                                 Debit      Credit

Interest Expenses                      $40,260

(1342000*3%)

       Kwik                                                        $40,260

Cash                                             $459,000

Discount                                       $1,550

       Account Receivable                                $460,550

Sales Return                                 $5,300

         Account Receivable                               $5,300

Allowances for Doubtful Debt     $$11,880

        Account Receivable                                 $$11,880

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Other things being equal, a ________ supply of workers tends to put ________ pressure on real wages.
Sav [38]

The answer is, larger; downward.

  • Other things being equal, a larger supply of workers tends to put  downward pressure on real wages.

<h3>How do wage increases affect the demand for and supply of labor?</h3>
  • The quantity of work required will alter in response to changes in pay or salary.
  • Employers will want to hire fewer workers if the pay rate rises.
  • There will be a reduction in the amount of labor requested and an upward shift in the demand curve.

<h3>What causes wage increase?</h3>
  • There are several reasons why employers may decide to raise salaries.
  • An increase in the minimum wage is the most frequent justification for wage increases.
  • The minimum wage can be raised by both the federal and state governments.
  • Companies that manufacture consumer items are also renowned for giving their employees small pay raises.

<h3>How does wage increase affect supply?</h3>
  • The aggregate supply curve shifts inward when the money wage rate increases, which results in a decrease in supply at all price levels.
  • The aggregate supply curve shifts outward as the money wage rate declines, increasing the quantity supplied at any price level.

Learn more about  real wages here:

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8 0
2 years ago
Is it possible that a person might be an effective leader in one situation but not in another
amid [387]

Yes, effective leadership involves chosing the right style for the situation. Every leadership situation has different variables and followers. Think of a coach that fails with one team and wins with another.

6 0
3 years ago
Write a conversation between florist and customer for ordering a bouquet to gift for mom on Mother's Day - write with etiquette
Tatiana [17]

Answer:

sorry sir you would have to do this on your own

8 0
2 years ago
George is a new salesperson in his firm. He is assigned to attract new buyers by visiting their homes and demonstrating the feat
motikmotik

Answer:

b.

Explanation:

Based on the scenario being described within the question it can be said that George is a creative salesperson, and is the main reason why he is so valued. This creativity allows George to come up with all the new ideas that others may not be able to come up with, and these ideas and tactics create value to the company.

4 0
3 years ago
Read 2 more answers
Restaurant A uses 60 bags of tomatoes each month. The tomatoes are purchased from a supplier for a price of $80 per bag and an o
ch4aika [34]

Answer:

Explanation:

D = 60 bags

cost = 80 / bag

s = 20 / order

h = 40% of cost

     0.4 * 80 / 100

h= 32 unit/year

D =  d * 12 months

D = 60 * 12

D = 720 bags / year

EOQ = \sqrt{2DS/H}

EOQ = \sqrt{2 *720*20/32}

EOQ = 30 bags

Total cost =  Total holding cost + total ordering cost

Total holding cost  = (Q/2 * H) = (30/2 * 32) = 480

Total ordering cost =  (D/Q * 20) = (720/30 *20) = 480

Total cost = 480 + 480 = 960

Total purchasing cost  = cost * D = 80 * 720 = 57.600

Percentage= total cost  / total purchasing cost  * 100

960 / 57.600 * 100

1.67 %

6 0
3 years ago
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