Margaret puts money into her savings account each month. in this example money is functioning as a

Exercise 8-9 Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transa

Mandarinka [93]

Answer:

The Journal entries with their narration is given below:-

Explanation:

The Journal entry is shown below:-

1. Account receivables Dr, $22,200

To Sales $22,200

(Being sales is recorded)

2. Cash Dr, $6,048

Service charge expense Dr, $252

($6,300 × 4%)

To Sales $6,300

(Being credit card sales is recorded)

3. Cash Dr, $11,600

To accounts receivable $11,600

(Being cash is recorded)

4. Accounts receivable Dr, $364

($22,000 - $11,600) × 3.5%

To Interest revenue $364

(Being finance charges is recorded)

5 0

3 years ago

Acceleron is planning future expansion with a new facility in Indianapolis. The company will make the move when its real estate

alukav5142 [94]

Answer:

6.67 years

Explanation:

The number of years for the firm to reach the desired value of $1.2 million can determined using the nper formula in excel as below:

=nper(rate,pmt,pv,-fv)

rate is the interest rate earns by the fund at 10% per year

pmt is the addition to the fund in each year which is $50,000

pv is the current amount in the fund which is $400,000

fv is the desired value of $1.2 million

=nper(10%,50000,400000,-1200000)= 6.67 years

It would take 6.67 years for the sinking fund to reach the desired value of $1,200,000

7 0

3 years ago

In order for money to work properly, there can be only a certain amount of it in

tino4ka555 [31]

A.limited supply hope that helps

8 0

3 years ago

When Heinz introduced EZ Squirt packaging and new colors such as Blastin' Green and Awesome Orange to revitalize consumer buying

Umnica [9.8K]

When Heinz introduced EZ Squirt packaging and new colors such as Blastin' Green and Awesome Orange to revitalize consumer buying, the company was modifying the distribution.

Heinz has launched a color ketchup product for toddlers called EZ Squirt. The product was available in compressible containers and was eventually discontinued by him in 2006.

After six years of creatively decorating food, the novelty wore off and a young fan of the whimsical Heinz grew tired of tattooing hot dogs with his tribal tattoos. The company has discontinued the EZ Squirt color due to declining sales.

Squeeze Bottles became so popular that Heinz eventually stopped making glass bottles, until 2011 when he released a limited edition bottle with his original label.

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6 0

1 year ago

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because:__________

AlladinOne [14]

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because <u>of the scarcity of factors of production</u>.

The law of increasing opportunity cost holds that as an economic system moves alongside its manufacturing opportunities curve inside the path of producing extra of a particularly appropriate, the possibility fee of additional devices of that truth will increase.

The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting an extraordinary crop or a trade use of the sources (land and farm gadget). A commuter takes the train to work as opposed to riding.

Opportunity cost is an economic time period that refers back to the cost of what you have to give up that allows you to pick something else. In a nutshell, it is the cost of the street not taken.

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3 0

2 years ago