Solve it fast !!please

In 2018, Bratten Fitness Company made the following cash purchases:

Nadusha1986 [10]

Answer:

Date Particular DR CR

a. Patent $214,500

Cash 214,500

Being total payment for the exclusive right

to produce X-core machine

b. Brand name 260,000

Exercise Equipment 403,000

cash 663,000

Being the payment for the brand name of Silver Gym

and exercise equipment

c. Copyright 22,000

Cash 22,000

Being the payment for the exclusive right to sell Healthy book

Explanation:

there is no journal enrty for the amount to be paid to Silver Gym on a monthly basis when the sales begin because the money has not been paid.

6 0

3 years ago

Cola Inc. Soda Co. Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $ 39,819 $ 35,690 $ 36,444 $ 62,438 $ 47,932 $ 47,

Colt1911 [192]

Answer:

2015 Cola Inc:

A/R TO 9.51

Days to collect 38.00

2014 Cola Inc:

Inventory TO 10.18

Days to collect 36

2015 Soda Co:

A/R TO 11.25

Days to collect 32

2014 Soda Co

A/RTurnover 11.28

Days to collect 32

Explanation:

2015

$\frac{COGS}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Account Receivable =(Beginning A/R + Ending A/R)/2$

Sales 39,819

ending 4,531

beginnin 3,839

$$$Average A/R=4531 + 3839)/2$

Avg A/R 4185

$\frac{39,819}{4185} = $A/RTurnover$

A/R TO 9.514695341

$\frac{365}{A/R TO} = $Days to collect$

$\frac{365}{9.51469534050179} = $Days to collect$

Days on Inventory 38

2014:

$\frac{35690}{3505} = $A/RTurnover$

Inventory TO 10.18259629

$\frac{365}{10.1825962910128} = $Days to collect$

Days to collect 36

Soda Co:

2015

$\frac{62483}{5554.5} = $A/RTurnover$

A/R TO 11.24907732

$\frac{365}{11.2490773246917} = $Days to collect$

Days to collect 32

2014

$\frac{47932}{4250} = $A/RTurnover$

A/RTurnover 11.27811765

$\frac{365}{Inventory TO} = $Days on Inventory$

$\frac{365}{11.2781176470588} = $Days to collect$

Days to collect 32

6 0

3 years ago

While viewing a webpage for outdoor gear, Phil noticed a graphic display advertising skateboards at low prices. When he clicked

AURORKA [14]

Answer: This is an example of "paid display" type of Internet advertising

Paid display or pay-per-click advertising, is an effortless, inexpensive way to compass the right masses.

Here, When Phil clicked on the ad, it took him to a different website where the skateboards were listed for sale. Thus targeting the right audience with right ad.

5 0

3 years ago

If the nominal exchange rate between the US dollar and the Canadian dollar is C $ 0.89 to the US dollar, how many dollars is req

Olin [163]

Answer:

1) 2.8 USD

2)There are several methods:

1) Modifying Reserve Requirements

2) Changing Short-Term Interest Rates

3) Conducting Open Market Operations

Explanation:

I) First of all, the nominal exchange rate describes how much foreign currency can be exchanged for a unit of domestic currency, but the real exchange rate indicates how much the goods and services in the domestic country can be exchanged for the goods and services in a foreign country.

If 1USD=0.89CAD, then 1 CAD=1/0.89=1.12USD

Then 2.5 CAD = 2.5*1.12= 2.8 USD so we will need 2.8 USD to get 2.5 CAD.

II) As we know, the movement of the money supply is the responsibility of the monetary policy activities by central banks. There are several methods:

1) Modifying Reserve Requirements: means that it is possible to influence by modifying the reserve requirements to increase or decrease the money supply. More deeply, this modification refers to the amount of funds banks have to keep against deposits in bank accounts. By lowering the reserve requirements, banks are able to loan more money, which grow the overall supply of money in the economy. Conversely, by increasing the banks' reserve requirements, it will be possible to decrease the size of the money supply.

2) Changing Short-Term Interest Rates: means that it is possible to change the interest rates in short terms to alter the money supply. It’s all about the changing the discount rates. By lowering the rates, it is possible increase the money supply and boost economic activity.

3) Conducting Open Market Operations: means that it is possible to increase or decrease the money supply conducting open market operations, which affects the funds rate. So the authority who deals with the monetary policy buys and sells government securities in the open market. If the authority wants to increase the money supply, it will purchase government bonds as a result this supplies the securities dealers who sell the bonds with cash, increasing the overall money supply. However, if the authority wants to decrease the money supply, it will send bonds from its account, thus taking in cash and removing money from the economic system as a result, adjusting the funds rate is a heavily anticipated economic event.

3 0

4 years ago

Public saving is negative when:A. there is a government budget surplus.B. there is a government budget deficit.C. the government

m_a_m_a [10]

Answer: Option (B) is correct.

Explanation:

Public saving refers to the tax revenue amount that a government left with after paying for its expenditure or spending.

Public saving = Tax revenue - Spending

Private saving refers to the after tax income of the individuals after paying for their consumption and taxes.

Suppose there is a government budget deficit, in this situation government's expenditure is greater than government's receipts. This means that tax revenue is not enough to pay out its expenditure.

Therefore, this will lead to negative public savings.

3 0

3 years ago

Solve it fast !!please​

Solve it fast !!please