Use the five transactions for Martin Rentals described below to answer the questions that follow Transactions:
Oct. 1 Martin purchases 2 new saws on credit at $375 each; the saws are added to Martin's rental fleet; payment is due in 30 days.
8 Martin accepts advance deposits for tool rentals of $75.15 Martin receives a $150 bill for electricity provided by Local Electric Company; payment is due in 30 days.
20 Customers are charged $750 by Martin for tool rentals; payment is due from customers in 30 days.
31 Payments of $500 are received by Martin from customers billed for rentals on October 20.
Answers: 3
Business, 21.06.2019 14:30
The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure
Answers: 1
Business, 21.06.2019 20:50
Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases
Answers: 3
Business, 22.06.2019 11:30
17. chef a says that garnish should be added to a soup right before serving. chef b says that garnish should be cooked with the other ingredients in a soup. which chef is correct? a. chef a is correct. b. both chefs are correct. c. chef b is correct. d. neither chef is correct. student c incorrect which is correct answer?
Answers: 2
Business, 22.06.2019 12:50
You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400
Answers: 3
Use the five transactions for Martin Rentals described below to answer the questions that follow Tra...
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