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3 years ago

According to the reading, what are some strategies for saving money? (Select all that apply)

Business

1 answer:

stich3 [128]3 years ago

5 0

Answer:

Finding discounts and coupons, spending wisely and collecting coins

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The following events took place at a manufacturing company for the current year: (1) Purchased $95,000 in direct materials. (2)

raketka [301]

Answer: B. Work-In-Process Inventory XXX Wages Payable XXX

Explanation:

The method of accounting for Direct labor during production is to apportion it to Work in Process inventory because as a direct cost, it should form a part of the cost of producing the good.

The Work in Process Inventory will therefore be debited to reflect an increase and the Wages Payable will be credited to reflect that the wages are a liability owed to workers.

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3 years ago

Dahlia Colby, CFO of Charming Florist Ltd., has created the firm’s pro forma balance sheet for the next fiscal year. Sales are p

IgorC [24]

Answer:

a.-

Current Balance Sheet

Current Assets: 80 Liabilities 40

Fixed 280 Long Term Debt 125

Common Stock 53

RE: 142 (A)

Total Assets 360 Total liab + Equity 360

c-1

Projected Balance sheet

Current Assets: 96 Liabilties 48

Fixed assets: 336 Long term debt 174.6 (B)

Common Stock 53

RE 156.4

Total Assets 432 Total Liab+ SE 432

b) external funds nedeed addiontal external fund 57.6 Millions

c-2 the total liab will be 222.6

Explanation:

sales increase 20% to 480 so previously it had: 480/(1+20%) = 400

profit margin 15%

net income: 480 x 15% = 72

Dividends: 72 x 20% = 14.4

RE Increase: 14.4

(A) RE is solve by diffrence using the accounting equation

assets = liab + equity

360 = 40 + 125 + 53 + RE

RE = 360 - 40 - 125 - 53 = 142

(B) Long term debt is solve by diffrence using the accounting equation

assets = liab + equity

360 = 40 + LT debt + 53 + 156.4

LT debt= 360 - 40 - 53 -156.4= 174.6

Current liabilities:

40 + 125 = 165

Proejcted liab:

48 + 174.6 = 222.6

found needed: 222.6 - 165 = 57.6

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3 years ago

Why would it be better to be in a partnership?

s2008m [1.1K]

Answer:

A partnership is easy and inexpensive to establish

the business benefits from pooled knowledge and skills of different partners

the workload is shared

more partners can be added,which could help increase capital

partnerships are not compelled by law to complete audits on financial statements

Explanation:

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2 years ago

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Suggest reasons why a knowledge sharing system

serg [7]

Answer:

A knowledge sharing system could be establish between rival organizations like Mastercard and Visa in order to improve the services they provide for their clients, as well as to attract more people and earn more money.

Even though it might seem contradictory for rival organizations to work together on sharing knowledge, it's actually not. Mastercard might have something that Visa wants and vice versa so it makes sense for them to collaborate to get what they need.

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3 years ago

What's the best strategy for avoiding ATM fees?

GalinKa [24]

Going to your designated bak

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3 years ago

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According to the reading, what are some strategies for saving money? (Select all that apply)​

According to the reading, what are some strategies for saving money? (Select all that apply)