It is important to shop around for credit because banks and financial institutions?

For more than a thousand years, the Catholic Church required its members to abstain from meat on Fridays. Catholics customarily

bonufazy [111]

Answer:

Option (b) is correct.

Explanation:

Before 1966, Catholics were restricted from consuming meat on Fridays and they ate fish on Fridays. But after 1966, there were no such restrictions are there and they are free to eat meat on Fridays, now Catholics also consume meat on Fridays.

This will result in an increase in the demand for meat and demand for fish decreases. So, this will shift the demand curve of fish leftwards and demand curve of meat rightwards.

4 0

1 year ago

On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10, n/30. The cost of the go

Lina20 [59]

Answer:

A.

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

B.

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales discount 290

Cr Account receivable - Beasley co. 14,500

Explanation:

A. Preparation of the Journal to record the December 28, 20Y3 sale, using the net method under a perpetual inventory system

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

B. Preparation of the journal entries to record the merchandise returned

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Preparation of Journal entry to record the receipt of the amount due

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales discount 290

[(18,500-4,000)*2% ]

Cr Account receivable - Beasley co. 14,500

(18,500-4,000)

8 0

2 years ago

Olu’s African Sculptures is preparing their budgeted financial statements for the coming year, and has accumulated the following

Charra [1.4K]

Answer:

What is the budgeted cash received from customers?

b. $4,120,000

Explanation:

cash received from customers = total sales revenue + beginning accounts receivable - ending accounts receivable

total sales revenue = 20,000 x 205 = $4,100,000
beginning accounts receivable = $40,000
ending accounts receivable = $20,000

cash received from customers = $4,100,000 + $40,000 - $20,000 = $4,120,000

8 0

2 years ago

One year ago, Debra purchased 5,400 shares of KNF stock for $218,056. Today, she sold those shares for $19.49 a share. What is t

kramer

Answer:

Capital gain yield will be -51.73%

So option (d) will be the correct answer

Explanation:

We have given that Debra purchased 4500 shares of KNF stock for $218056

So price of one share $=\frac{218056}{5400}=$48.380$

So the beginning price = $40.380

She sold the share at price of 19.49 per share

So ending price = $19.49

We have to find the capital gain yield

We know that capital gain yield is given by

Capital gain yield $=\frac{end\ price-beginning\ price}{begninning \ price}=\frac{19.49-40.380}{40.390}=-51.73$ %

So option (d) will be correct option

7 0

2 years ago

Where does the management accounting function fit into an organization's structure?

LUCKY_DIMON [66]

Management accounting is the process of measuring and analyzing financial and non-financial information that is relevant to the company. This is an important part of the Controller’s function in an organization since the Controller directly reports to the chief financial officer. The report contains pieces of information which contributes in making strategic decisions to achieve the goal of the organization.

6 0

1 year ago