What earns interest and allows unlimited ATM use

Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three

Verizon [17]

Answer:

Total sales is $1,777,000

Explanation:

April May June Total

cash sales $115,000 $77,000 $140,000 $332,000

sales on account $455,000 $500,000 $490,000 $1,445,000

Total sales $570,000 $577,000 $630.000 $1,777 ,000

Above is the sales analysis for the three months April to June,the total sales in the quarter is $1,777,000 which comprises of both cash sales and credit sales in all of the three months.

Sales does not be cash,as sales is to recognized when the entity making the sale has performed its obligation of delivering the goods to the customers or delivered on an agreed service.

4 0

3 years ago

Which of the following items is included in GDP?

loris [4]

Answer:

B. All the above are included in GDP.

Explanation:

GDP is a measure of an economy’s total production and in most cases, it is used to determine how developed or how grown a certain economy is. To calculate the GDP, we take into consideration every form of production within the country. Factors such as consumption expenditure, private domestic investment, government spending, imports and exports are all determinants of GDP. Therefore, the sale of stocks and bonds, sale of services and the sale of used goods, collectively are included in calculation of GDP. Hence the correct answer is B.

7 0

2 years ago

A__________is a network of facilities and processes that describes the flow of materials, finished goods, services, information,

Viktor [21]

Answer:

value chain

Explanation:

A value chain can be described as a series of functional activities carried out by a company with the aim of delivering a valuable good to the market or adding value to customers.

Under value chain, value is added not only to the product of the company but also to how the product is produced, marketed, and the process of providing after-sales service to customers.

Therefore, a <u>value chain</u> is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer.

5 0

3 years ago

Read 2 more answers

Kevin O’Leary suggests that Jenn and Kelley decrease the price of their product by 50% and sell 10 times as many. That is, he pr

Roman55 [17]

Answer:

The price elasticity of demand for Pursecases using the midpoint formula from this information is -2.45.

Explanation:

From the question, we have:

New quantity demanded = 60,000

Old quantity demanded = 6,000

New price = $20

Old price = $40

The formula for calculating the price elasticity of demand is as follows:

Price elasticity of demand = Percentage change in quantity demanded /

Percentage change in price ................ (1)

Where, based on the midpoint formula, we have:

Percentage change in quantity demanded = {(New quantity demanded - Old

quantity demanded) / [(New quantity demanded + Old quantity demanded) /

2]} * 100 = {(60,000 - 6,000) / [(60,000 + 6,000) / 2]} * 100 = 163.636363636364%

Percentage change in price = {(New price - Old price) / [(New price + Old

price) / 2]} * 100 = {(20 - 40) / [(20 + 40) / 2]} * 100 = -66.6666666666667%

Substituting the values into equation (1), we have:

Price elasticity of demand = 163.636363636364% / -66.6666666666667% = -2.45454545454546

Rounding to 2 decimal places, we have:

Price elasticity of demand = -2.45

Therefore, the price elasticity of demand for Pursecases using the midpoint formula from this information is -2.45.

3 0

2 years ago

Starr Company reports the following information for August. Raw materials purchased on account $ 81,800 Direct materials used in

maria [59]

Answer:

Entry: Dr Raw material 81800

Cr Accounts payable 81800

( To record raw material purchased on account)

Entry: Dr Work in process 53600

Cr Raw material 53600

( To record material used in production)

Entry: Dr Work in process ( 19550 *135%= 26392) 26392

Cr Applied factory overhead 26392

(To record applied overhead )

5 0

2 years ago