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MrMuchimi
2 years ago
9

A variable can be called or referenced before it has been defined. O True O False

Business
1 answer:
trasher [3.6K]2 years ago
8 0

Answer:

True.

Explanation:

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An october sales forecast projects 7,000 units are going to be sold at a price of $11.50 per unit. the desired ending inventory
vlabodo [156]
<span>October sales forecast projects = 7000
Sold price = $11.50
Desired ending inventory in units is 15 % higher tan the beginning inventory of 1000 units
Total October sales = ?
When we calculate the total October sale, it means we have to multiply the total units sold in October with the price per unit
Total October sales = 7000 x 11.50
= $80,500
So, total October sales are anticipated to be $80,500.</span>
3 0
3 years ago
On January 1 of Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires
Murljashka [212]

Installment note from Campbell Bank.

1-Jan Note intt expense Decrease 31-Dec

Amortization of Installment Notes Carrying payment 7% in  Carrying

Year ending December 31   amount cash paid   notes payable amount

               

year 1       147,750 43,620 10343 33,278 114,473

year 2       114,473 43,620 8013 35,607 78,866

year 3       78866 43,620 5521 38,099 40,766

year 4       40766 43,620 2854 40,766 0

               

               

               

b)   Journal Entries          

 Date Account titles & Explanations     Debit Credit

               

year 1 1-Jan Cash         147,750  

   Notes payable         147,750

   (to record issuance of note)        

               

year 1 31-Dec Interest expense       10343  

   Notes payable       33,278  

   cash           43,620

   (to record interest expense)        

               

year 2 31-Dec Interest expense       8013  

   Notes payable       35,607  

   cash           43,620

   (to record interest expense)        

               

year 3 31-Dec Interest expense       5521  

   Notes payable       38,099  

   cash           43,620

   (to record interest expense)        

               

year 4 31-Dec Interest expense       2854  

   Notes payable       40,766  

   cash           43,620

   (to record interest expense)        

               

c) interest expense of  10,343 would be reported on the income statement of Bryson Company.

Learn more about installment notes at

brainly.com/question/24317141

#SPJ4

6 0
2 years ago
A company had the following assets and liabilities at the beginning and end of the current year:
const2013 [10]

Answer:

$32,300

Explanation:

Begining equity = Begining asset - Begining liabilities

                            = $231,000 - $96,500 = $134,500

Ending equity = Ending asset - Ending liabilities

                        = $262,000 - $78,400 = $183,600

We will find the net income for the year using the below formula:

Ending equity = Begining equity + Stock issuance + Net income - Dividend paid, or:

$183,600 = $134,500 + 23,500 + Net income - $6,700.

Solve the above equation we get Net income = $32,300

6 0
3 years ago
If the price of good X rises and the demand for good X is elastic, then the percentage __________ in quantity demanded is ______
Ira Lisetskai [31]

Answer:

e. fall; greater than; falls

Explanation:

Demand is price elastic if a small change in price has a greater effect on the quantity demanded. The coefficient of elasticity is usually greater than one which indicates that the percentage change in quantity demanded is greater than the percentage change in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

If demand is elastic, an increase in price leads to a fall in quantity demanded and total revenue falls.

I hope my answer helps you

8 0
3 years ago
Before you can reasonably expect people to share their perceptions and opinions, particularly about things they believe need to
Annette [7]
Well said, you've been in the workforce or heard the war stories.
5 0
3 years ago
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