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Inessa05 [86]
2 years ago
7

Jack Dossey wears socks of two colours - Yellow and Orange. He has altogether 20 yellow socks and 20 orange socks in a drawer. S

upposing he has to take out the socks in the dark, how many must he take out to be sure that he has a matching pair? ​
Business
1 answer:
hram777 [196]2 years ago
6 0
The answer is 50/50.
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Savvy consumers often purchase automobiles from dealerships at the end of the quarter or at year-end since dealers who meet thei
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Answer:

cumulative quantity discounts

Explanation:

Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.

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3 years ago
Rector Corporation is examining its quality control program. Which of the following statements​ is/are correct? I. Rework costs
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II. Prevention costs are costs that are incurred to prevent the sale and production of defective units.

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3 years ago
Consider an 8.5% loan amortizing at a 25-year rate with monthly payments. What is the maximum amount that can be loaned on a pro
Leto [7]

Answer:

<u>Maximum Amount that can be loanded = $4139619</u>

Explanation:

DSCR = NOI / Debt Service

Debt Service = Principal + Interest

NOI = $ 500000

Debt Service = 500000 / 125 % = $ 400,000

The loan would be ammortized monthly over a period of 25 years.

Monthly Payment or EMI

E = P×r×(1 + r)n/ ((1 + r)n - 1)

12E = 400,000 = [P×r×(1 + r)n/ ((1 + r)n - 1)] * 12

or, P = 400000 / 0.0966272500154557 = $4139619

<u>Maximum Amount that can be loanded = $4139619</u>

8 0
3 years ago
Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their ad
Anit [1.1K]
The correct answer is:

c. $3,700
6 0
3 years ago
Which of the following is true regarding the trial balance? Select all that apply. The trial balance includes all of the account
Luda [366]

Complete Question:

Which of the following is true regarding the trial balance? Select all that apply.

a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.

b) The trial balance is much less detailed than the balance sheet and income statement.

c) The accounting principle of materiality says that the information on the trial balance can be combined and simplified into more general reporting items.

d) The accounting principle of money measurement says that the information on the trial balance can be combined and simplified into more general reporting items.

e) The trial balance shows only nominal accounts.

Answer:

a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.

Explanation:

Company XYZ's trial balance summarizes all the general ledger account balances with the assets and expenses on the debit side and the liabilities, equity, and income on the credit side.  It is extracted from the general ledger for all accounts that do not have equal debit and credit sides.  It is one of the ways to ensure that proper double entry system of bookkeeping has been followed.  That the two sides are in balance does not mean that the trial balance or the general ledger from which it is prepared is error-free.  It simply means that the two sides agree in total.  XYZ can prepare the trial balance at any time, not necessarily at the end of the period.

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3 years ago
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