Identify: What were the four themes that emerged as a result of the StageofLife.com writing contest that

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 2.5% charge on sales for using its

omeli [17]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $4,680

Credit card expenses A/c Dr $120 ($4,800 × 2.5%)

To Sales $4,800

(Being the deposit is recorded and the remaining balance is debited to the cash account)

We debited the cash and the credit card expenses account and credited the sales account so that proper entry would be recorded.

6 0

2 years ago

There are three popcorn vendors at a local tournament. Collectively, the vendors sold 3,000 boxes of popcorn throughout the tour

mario62 [17]

Answer:Ally's Eats and Gameday Grub

Explanation:

7 0

2 years ago

Each week a soft drink machine sells x cans of soda for $0.75/soda. The cost to the owner of the soda machine for each soda is $

Assoli18 [71]

Answer:

$34.8

Explanation:

Profits = sales - costs( variable costs +fixed costs)

In this case : total sales will be price $0.75 x units sold X= 0.75X

Variable costs : =$10 x units sold= $10x

Fixed cost remain $25 as they are not affected by quantity.

profits for the Week

P= (0.75x- 0.10x)-$25

Profit for the week with units sold as 92: x = 92

p= ( {0.75x92} - {0.10x92} )- $25

P= $69 - $9.2- $25

P=$59.8- $25

=$34.8

3 0

2 years ago

Finance, or financial management, requires the knowledge and precise use of the language of the field. Match the terms relating

Ierofanga [76]

Answer:

1. Time value of money.

2. Future value.

3. Amortized loan.

4. Annual percentage rate.

5. Annuity due.

6. Amortization schedule.

7. Discounting.

8. Opportunity cost of funds.

9. Perpetuity.

10. Ordinary annuity.

11. A

Explanation:

1. Time value of money: concept that maintains that the owner of a cash flow will value it differently, depending on when it occur.

2. Future value: the amount to which an individual cash flow or series of cash payments or receipt will grow over a period of time when earning interest at a given rate of interest.

3. Amortized loan: a type of security that is frequently used in mortgages and requires that the loan payment contain both interest and loan principal.

4. Annual percentage rate: an interest rate that reflects the return required by a lender and paid by a borrower, expressed as a percentage of the principal borrowed.

5. Annuity due: A series of equal cash flows that occur at the end of each of the equally rate spaced intervals (such as daily, monthly, quarterly, and so on)

6. Amortization schedule: a table that reports the results of the disaggregation of each payment on an amortized loan, such as a mortgage, into its interest and loan repayment components.

7. Discounting: a process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.

8. Opportunity cost of funds: a rate that represents the return on an investor's best available alternative investment of equal risk.

9. Perpetuity: a series of equal (constant) cash flows (receipts or payments) that are schedule expected to continue forever.

10. Ordinary annuity: a series of equal cash flows that occur at the beginning of each of the equally spaced intervals (such as daily, monthly, quarterly, and so on).

11. PMT x (1-(1/ (1 + r)/r) x (1 +r): an equation that can be used to solve for the present value of an annuity due. It is known as Present Value of an Annuity.

6 0

2 years ago

Which spreadsheet type will determine how well a business has done over the past year?

Scilla [17]

A profit and loss statement will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly.

8 0

2 years ago

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