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3 years ago

Jennifer purchased a prepaid card for transit fares and highway tolls. what kind of card did she purchase?

1 answer:

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<span>It's a stored value card. This is a type of card that is credited or stored with certain amount of money for specific purposes. The amount saved in the stored value does not reflect in Jennifer's checking account, so even if by any means she is robbed or misplaces the card, her personal savings will still be intact.</span>

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Price discrimination is possible when a firm is able to ______.

irina1246 [14]

Answer:

d. identify and separate different types of buyers, and sell a product that cannot be resold

Explanation:

Segmenting the market into different groups is a way to charge varying prices. Each group has their own demand curve.

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3 years ago

Read 2 more answers

Exercise 5-12 Presented below is the trial balance of Larkspur Corporation at December 31, 2017. Debit Credit Cash $ 200,490 Sal

shutvik [7]

Answer:

2017 Balance Sheet

$1,368,060 TOTAL CURRENT ASSETS

$2,637,630 TOTAL NONCURRENT ASSETS

$4,005,690 TOTAL ASSETS

$792,730 TOTAL CURRENT LIABILITIES

$1,906,980 TOTAL NONCURRENT LIABILITIES

$2,699,710 TOTAL LIABILITIES

$1,305,980 TOTAL EQUITY

$4,005,690 TOTAL EQUITY + LIABILITIES

Explanation:

Liquidity it's define as the speed of an assets to be converted to cash,

the assets that take less days to buy or to sold are more liquid than others.

Cash it's the assets most liquid then are the Accounts Receivables and Inventories for last, in the middle exist different assets as Equity investments.

Prepaid expenses are not liquid because these accounts doesn't means the company could get cash if not that the company have rights over something.

2017 Balance Sheet

$200,490 Cash

$157,080 Debt Investments

$410,000 Accounts Receivable

$600,490 Inventory

$1,368,060 TOTAL CURRENT ASSETS

$264,080 Land

$604,080 Equipment

-$60,000 Accum Depreciation

$1,043,490 Buildings

-$152,000 Accum Depreciation

$195,000 Patents

$280,490 Equity Investments

$160,000 Other Assets Intangibles

$302,490 Debt Investments

$2,637,630 TOTAL NONCURRENT ASSETS

$4,005,690 TOTAL ASSETS

$459,080 Accounts Payable

$94,080 Notes Payable

$100,080 Accrued Liabilities

$139,490 Dividends Payable

$792,730 TOTAL CURRENT LIABILITIES

$903,490 Notes Payable

$1,003,490 Bond Payable

$1,906,980 TOTAL NONCURRENT LIABILITIES

$2,699,710 TOTAL LIABILITIES

$1,004,080 Common Stock

-$195,080 Treasury Stocks

$83,490 Paid in Capital

$413,490 Retained Earnings

$1,305,980 TOTAL EQUITY

$4,005,690 TOTAL EQUITY + LIABILITIES

Income Statement

Sales $8,104,080

Depreciation -$4,800,000

MARGEN BRUTO $3,304,080

Selling Expenses -$2,004,080

Adm Expenses -$901,820

Interest Expenses -$212,820

Income Statement $185,360

Investment Revenue $64,820

Gain $81,820

3 0

3 years ago

George Bailey purchased equipment from M. Potter for $450,000, paying $35,000 cash as a down payment and financing the remainder

Lorico [155]

Answer:

Equipment $450,000 (debit)

Cash $35,000 (credit)

Suppliers Loan $415,000 (credit)

Explanation:

George Bailey must recognize the Asset of Equipment, de-recognize the Assets of Cash and recognize the Suppliers Loan as above.

6 0

3 years ago

Kincaid Company provided consulting services of $2,500 to a customer who paid $1,300 and promised to pay the remainder next mont

Anon25 [30]

Answer:

B. Cash 1,300 Dr, Accounts Receivable 1,200 Dr, Consulting Revenue 2,500 Cr

Explanation:

Kincaid Company

Journal Entry

Date Description Debit Credit

Cash $1,300

<em>Accounts Receivable $1,200</em>

Consulting Revenue $2,500

6 0

3 years ago

Concept check 1. 54/32 converted to a mixed number is ________. 22/32 1.6875 1/38 1 22/32 2. The product of one and four thirty-

Ipatiy [6.2K]

Questions

Concept check

1. 54/32 converted to a mixed number is ________.a) 22/32 b)1.6875 c) 1/38 d)1 22/32

2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. a)1 24/32 b)45/64 c)56/32 d)720

3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. a)480/1024 20/1024 3 1/3 3 40/32

4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. a)98.19 b)96.63 c)9/86 d)98.06

5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? a)4.5% b)5% c)55% d)5.5%

Answer:

1.d)1 22/32

2. b)45/64

3. c)3 1/3

4. a)98.19

5. b)5%

Explanation:

1. 54/32 converted to a mixed number is ________.a) 22/32 b)1.6875 c) 1/38 d)1 22/32

Mixed number is another way of writing improper fraction

54/32= 1 (54 - 32)/32

= 1 22/32

Therefore, option d) 1 22/32 is the correct option

2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. a)1 24/32 b)45/64 c)56/32

d)720

One and four thirty-seconds = 1 4/32

Twenty thirty-seconds = 20/32

= 1 4/32 × 20/32

= 36/32 × 20/32

= 9/8 × 5/8

= 45/64

Therefore, option b)45/64 is the correct option

3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. a)480/1024 b)20/1024 c)3 1/3 d)3 40/32

One and eight thirty-seconds = 1 8/32

Twelve thirty-seconds = 12/32

= 1 8/32 ÷ 12/32

= 40/32 ÷ 12/32

= 40/32 × 32/12

= 40/12

= 3 4/12

= 3 1/3

Therefore, option c) 3 1/3 is the correct option

4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. a)98.19 b)96.63 c)9/86 d)98.06

98 and 6/32 = 98 + 6/32

We convert 6/32 to decimal

= 98 + 0.1875

= 98.1875

≈ 98.19

Therefore, Option a is the correct option

5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? a)4.5% b)5% c)55% d)5.5%

Percentage increase = Increase/ Orginal amount × 100

Increase = 55 points

Original amount = 1,100

Percentage Increase = 55/1100 × 100

= 0.05 × 100

= 5%

Therefore, option b)5% is the correct option

8 0

3 years ago