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Dimas [21]
2 years ago
10

Betsy owned a speedboat that was not operating correctly. She hired Gail, a mechanic, to determine what needed to be repaired or

replaced on the boat. Gail concluded that the boat needed over $5,000 of work to run safely. Upset by the news, Betsy decided to get a second opinion from Kathy, another mechanic. Kathy advised Betsy that the boat only needed a new fuel pump, which cost considerably less than $5,000. Betsy decides to sell her boat instead of repairing it. When a prospective buyer asks Betsy whether the boat has been inspected by a mechanic, she will:_________.
Business
1 answer:
Alchen [17]2 years ago
4 0

Answer:

Betsy should simply tell the truth: that the boat was actually inspected by two mechanics, but not only it was not repaired, but both mechanics had a very different diagnosis about what was wrong with the boat.

She should also warn the buyer that the boat likely needs at least a new fuel pump, and in case the diagnostic of the first mechanic (Gail) is true, the boat then would likely need an expensive repair.

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The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of
eduard

Answer:

$480,000 and $125,000

Explanation:

The computation of the divisional income from Retail division and Commercial division is shown below:

                                 Hardy Corporation  

                          Divisional Income from operations  

Particulars Retail Division Commercial Division

Sales        $2,150,000          $1,200,000

Less: Cost of goods sold $1,300,000 $800,000

Gross profit $850,000            $400,000

Less:-Selling expenses $150,000 $175,000

Other expenses      $220,000         $100,000

($320,000 × 2750 hours ÷ 4,000 hours)  (320000 × 1,250 hours ÷ 4000 hours)

Income from operations $480,000 $125,000

We simply deduct the all expenses from the sales so that the divisional income from operations could come

3 0
1 year ago
Moki Hunt recently purchased Swift Waters Adventures, a kayaking and canoeing rental business near the Salt River in Arizona. Sw
zalisa [80]

First thing he needs to do is:

  • properly describe the problem he is facing

This will help him:

  • decide what kind of data he needs to gather

Moki is experiencing low sales which means that he needs to embark on a marketing campaign. If he does not know what exactly is wrong however, he cannot do much in the campaign.

The first step therefore is to properly describe the issues he is facing. This will help him know what kind of data he needs to enabled him to come up with a good enough plan to reverse his fortunes.

In conclusion, Moki Hunt should describe his problem and then collect the appropriate data.

<em>Find out more at brainly.com/question/12244455.</em>

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4 0
1 year ago
Determine the statements below that are true regarding why a bank reconciliation is used. (Check all that apply.) a) The Cash ac
nlexa [21]

Answer:

b)Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation.

c) The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger.

d) We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

6 0
2 years ago
Read 2 more answers
In the late 1990’s, Vanguard Airlines operated as a low-cost carrier, offering low prices and limited services, out of Kansas Ci
Elza [17]

Answer:

Air Company itself might be a key business on the earth wherever during this time and age it ought to be protracted to require maintenance of its request growth of airlines business want immense asset which might be supported from business bank and stockholders but these stockholders need safety for his or her outcome on speculation.

In the higher than case the airline profession appears to be increasing its revenue over the varied nations there by enormous money demand is required but an airline business in today's market is of giant request and therefore  my opinion is against the given case wherever the business is shown insolvent. Within the higher than case there is also the unsuitable preservation of books and commutation gap that lead it to the insolvency

6 0
1 year ago
Read 2 more answers
Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $380 and
djverab [1.8K]

Complete question:

Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $380 and the collection period is 45 days. What are collections for the first quarter?

Quater: Q1      Q2       Q3     Q4

Sales :  $675, $730, $815, $1,080

Answer:

$717.50

Explanation:

Given:

Accounts receivable at the beginning of the year = $380

Collection period = 45 days

Required:

Find the collections for the first quarter.

To find the collections for the first quarter, use the formula below:

First quarter collections = =Account receiveble opening balance to be recoverd in 45 days + [1st quarter sales /90*45]

= 380 + (\frac{675}{90} *45)

= 380 + 337.5

= 717.50

Collections for first quarter = $717.50

6 0
1 year ago
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