n April 1, Martha opens a joint bank account with Ned and deposits $1,000. Ned deposits $500 into the account on April 2. On May 2, Martha withdraws $750. Two days later, Ned withdraws $600.
A) Martha has made a gift to Ned of $100.
B) Ned has made a gift to Martha of $500.
C) Martha has made a gift to Ned of $600.
D) Martha has made a gift to Ned of $1,000.
A) Martha has made a gift to Ned of $100.
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Which ethnic group population in the United States is expected to almost double by the year 2050?
A. Eastern Europeans B. African Americans C. Hispanics D. Pacific Islanders E. Asian Americans
A company has 30 days in payables, 15 days in inventory, and 20 days sales outstanding. How many days are in the company's cash conversion period?
A. 5 B. 25 C. 45 D. 65
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:•Sales are budgeted at $340,000 for November, $320,000 for December, and $310,000 for January. •Collections are expected to be 80% in the month of sale and 20% in the month following the sale. •The cost of goods sold is 75% of sales. •The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. •Other monthly expenses to be paid in cash are $24,000. •Monthly depreciation is $15,000. •Ignore taxes. Balance SheetOctober 31Assets Cash$20,000Accounts receivable 70,000Merchandise inventory 153,000Property, plant and equipment,
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