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Sergeu [11.5K]
3 years ago
13

Question 1 A firm sold goods for $50,000. $10,000 was paid in cash, and the remaining $40,000 was assigned to a customer’s credi

t account. The goods originally cost $30,000. What are the net changes to the accounts impacted by this transaction?
Business
1 answer:
gayaneshka [121]3 years ago
4 0

Answer:

Net changes to the accounts:

1. Service Revenue increases by $50,000.

2. The Cash account will increase by $10,000.

3. The Accounts Receivable will increase by $40,000

4. Inventory will reduce by $30,000

Explanation:

Firm A's net changes and the accounts impacted by these transactions are an increase or a reduction of resources.  The overall net change of business transactions is the net income or loss generated from the venture.

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Lisa has $1,000 in cash today. Which one of the following investment options is most apt to double her money? A. 6 percent inter
Zepler [3.9K]

Answer:

D. 8 percent interest for 9 years

Explanation:

We would use the formula future value formula below to determine which of the investment options would double her money:

FV=PV*(1+r)^n

PV is the amount invested which is $1000

r is the interest rate expected to be earned while n is the number of years First option:

FV=$1000*(1+6%)^3

FV=$1,191.02  

Second option:

FV=$1000*(1+12%)^5

FV=$1,762.34  

Third option:

FV=$1000*(1+7%)^9

FV=$ 1,838.46  

Fourth option:

FV=$1000*(1+8%)^9

FV=$2000

Last option:

FV=$1000*(1+6%)^10

FV=$ 1,790.85  

8 0
3 years ago
Partially completed units in ending work in process are 100 percent complete with regard to their direct materials costs if the
Rudik [331]

Answer:

TRUE

Explanation:

As the direct materials are introduced at the beginning of the process the only factors which are not completed are the conversion cost which are: labor cost and manufacturing overhead.

The equivalent units will be calculated using a 100% of completion in raw materials.

5 0
3 years ago
Please give the answer to question one
Nataliya [291]

Answer:

A

Explanation:

A is the answer to the question

7 0
2 years ago
According to the following screening criteria, how many public companies are there in the United
IgorC [24]

Answer:

ya know 4

Explanation:

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7 0
1 year ago
____ are computer security experts who specialize in penetration testing and other testing methods to ensure that a company’s in
PIT_PIT [208]

Answer:

White hats are computer security experts who specialize in penetration testing and other testing methods to ensure that a company’s information systems are secure.

Explanation:

White hats, also called ethical hackers, are experts in the field of information technology, dealing with the security of computer systems. They are hackers who attempt to damage, alter, conceal, or otherwise render a computer program unusable in order to help program owners become aware of the security of their data and security vulnerabilities.  

While checking the security of computer systems, ethical hackers use the same techniques and methods as potential attackers, but unlike them, they do not use the information they discover during an attack, but assess the security of the system and report the owner on the leaks detected. Ethical hackers then advise owners what they need to change to make the system safer.

3 0
3 years ago
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