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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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A Soviet interpretation of this poster would claim that
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8 0
3 years ago
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The Typhoon Resort, which has 100 rooms, has currently been experiencing an occupancy dip to a 60.00% level. The current rack ra
BlackZzzverrR [31]

Answer:

the current total contribution margin = 100 x 60% x ($80 - $20) = $3,600 per day

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5 0
3 years ago
You bought 200 shares of Stock A at $23.00 per share 6 months ago. It is now worth $47 per share. What was the percent of increa
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Answer:

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Explanation:

Stock A price= $23.00

Stock A price after 6 months= $47.00

Increase in price of Stock A= $47 - $23

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The percentage increase in the price of Stock A is 51%

Cheers

4 0
3 years ago
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Answer:

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