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jok3333 [9.3K]
2 years ago
11

What would it cost to put new carpeting in a room measuring 15 feet by 20 feet if the carpet costs $16.95 per square yard, plus

a $250 installation charge?
Business
1 answer:
Scorpion4ik [409]2 years ago
3 0
Calculate for the area of the carpet by multiplying the dimensions given.
                       Area = Length x width
                      Area = (15 ft) x (20 ft) = 300 ft²
Then, convert the calculated area to yard² with the conversion factor of 1 yard = 3 ft.
                       (300 ft²) x (1 yard/ 3 ft)² = 33.33 yd²

Then, multiply this area in square yards with the cost per yd².
                        C = (33.33 yd²)($16.95/yd²)
                          C = $565
Lastly, add the installation cost to the calculate initial cost. 
                   total cost = $565 + $250
                    <em>total cost = $815</em>
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Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days.
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Answer:

$6,400,000

Explanation:

Reduction in mailing time = 1.5 day

Reduction in clearing time = 1.5 day

Reduction in firm processing time = 1.0 day

Total = 4.0 days

Daily interest on Treasury bills = 0.025%

Average number of daily payments to lockboxes = 4,000

Average size of payment = $400

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2 years ago
Banks that offer low interest rates to people with good credit
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The answer is: B. sacrifice profits for less risk.

Interest rates influence the amount of money that the borrower had to give back to the bank and  Higher interest rate would give higher profit for the bank.

When bank people give low interest rates for people with good credit, the number of revenue that bank would make from giving the loan would decrease. But people with good credit has high likelihood of returning the money they borrow, which mean that there is less risk for the bank.

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gregori [183]

Answer:

The adjusting entry for uncollectible accounts as of December 31:

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The company uses aging of accounts receivable to estimate uncollectible. The allowance for doubtful accounts had a debit balance of $5,140 as of December 31.

Bad debts expense = $63,410 + $5,140 = $68,550

The adjusting entry for uncollectible accounts:

Debit Bad debts expense $68,550

Credit Allowance for doubtful accounts $68,550

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Espoused value.

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The espoused value can be defined as the values ​​expressed on behalf of the organization. For example, the set of practices and procedures adopted by employees of an organization that provide positive results and value for a company.

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