Answer:
a) Dr: Receivable (Asset) 7000
Cr: Service Revenue (Income) 7000
b) Dr: Equipment (Asset) 45000
Cr: Cash (Asset) 20000
Cr: Payable (Liability) 25000
c) Dr: Rent (Expense) 3000
Cr: Cash (Asset) 3000
d) Dr: Inventory (Asset) 2500
Cr: Payable (Liability) 2500
Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, the long-run effect is most likely to be: an increase in American imports, and a decrease in American exports. an decrease in American imports, and an increase in American exports. an increase in both American imports and exports. a decrease in both American imports and exports.
Answer:
a decrease in both American imports and exports.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Some examples of trade barriers are import license, quotas, subsidies, embargo, currency devaluation, local content requirements, tariffs, etc.
A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.
A tariff increase usually reduce the nation's dependence on imports.
Hence, if tariffs are increased, the long-run effect is most likely to be a decrease in both American imports and exports.
The answer to this question
CPI in 1960 = 29.6
CPI in 1970 = 38.8
Dozen Tangerines in 1960 = 0.31
Dozen tangerines in 1970 = 0.39
Option B
Answered by Gauthmath must click thanks and mark brainliest
Gilberto Company currently manufactures 84,000 units per year of one of its crucial parts. Variable costs are $2.90 per unit, fixed costs related to making this part are $94,000 per year, and allocated fixed costs are $81,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $4.10 per unit guaranteed for a three-year period. Calculate the total incremental cost of making 84,000 and buying 84,000 units. Should the company continue to manufacture the part, or should it buy the part from the outside supplier
Answer:
Cost to make $337,600
Cost to make $344,400
The company should make the product
Explanation:
Calculation to determine the total incremental cost of making 84,000 and buying 84,000 units
COST TO MAKE
Relevant per unit Relevant fixed cost Total relevant cost
Variable cost per unit $2.90 - $243,600(84000*$2.90)
Fixed manufacturing costs - $94,000 $94,000
Cost to make $337,600
($243,600+$94,000)
COST TO BUY
Relevant per unit Relevant fixed cost Total relevant cost
purchase per unit $4.10 - $344,400[$4.10*84000]
Cost to make $344,400
Based on the above calculation the cost of buying is higher than the cost of making therefore the company should MAKE the product.
PLEASE HELP! (interest rate)
Ludwig borrowed $700,000 for a
period of 2 years. His interest rate is
10%. How much interest will
Ludwig pay in all?
$[?]
Answer:
By yearly interest or monthly? Yearly: he pays 840000 monthly: 2380000 sorry it’s so long just tryna help a bruthu or sister out I didn’t check yo username
What could explain why South Korea's gross domestic product (GDP) per capita increased so much faster since the 1970s than North Korea's GDP per capita?
A. Resource allocation in South Korea is done much more efficiently than in North Korea.
B. South Korea has been better able to solve the coordination and incentive problems.
C. South Korea has a market economy, while North Korea is a command economy.
D. All of the above.
Answer:
D
Explanation:
Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living
Per capita GDP = GDP / population
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.
A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a market economy
• Private ownership of means of production
• freedom of choice. Producers are free to produce what they desire
• competition among producers
• no government intervention.
A command economy is an economy where production decisions are made by the government.
Hamill Company purchased equipment on January 3rd, 2022, for $70,000. The equipment is expected to be used for four years and 12,000 hours (4,000 hours in the first year, 3,000 hours in year 2, and 2,500 per year for each of the last two years). Hamill hopes to sell the asset for $5,000 at the end of its useful life. Using the double-declining-balance method of depreciation, what amount of depreciation expense will Hamill report on the income statement for the year ended December 31st, 2022
Answer:
Annual depreciation= $32,500
Explanation:
Giving the following information:
Purchase price= $70,000
Salvage value= $5,000
Useful life= 4 years
To calculate the annual depreciation under the double-declining-balance method, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2022:
Annual depreciation= 2*[(70,000 - 5,000) / 4]
Annual depreciation= $32,500
Is marketing information as important to small firms as it is to larger firms? Explain.
Answer:
Yes, it is. --- in my opinion.
Explanation:
There are no right or wrong answers in questions like this, because the question seeks opinions. So, my solution will be based on my opinions.
Marketing information is important to all firms, irrespective of whether the firm operates on a large scale or a small scale.
This is so because one of the means through which firms compete amongst themselves is through the way they market their products and/or services. The way a firm markets their products and/or services may make or mar their presence in the industry. This is not peculiar to large firms alone. In fact, small firms need to put in extra efforts because they are just growing up, and they still have a lot of space to cover in the industry.
Also, when a firm gives high priority to marketing information, such firm is expected to have huge turnouts of sales. The higher the sales a firm makes, the increase the growth of such firm.
Hence, marketing information is important to all firms, irrespective of their size.
Marketing refers to the activities of the company that are aimed at undertaking to promote the business through the method of buying and selling.
Marketing includes the promotion of services and goods. So as to generate demand in the market and potential includes selecting the right audience. The selection of the terms of sale. Checking the price, discounts, and warranty which may include the decision-making capacity of the buyers.The large or the small firm tries to capture the wants and desires of the customers that have the potential to become an economic gain. Hence they are important for large and small business.Learn more about the information as important to small firms as it is to larger organizations.
brainly.com/question/14683245.
Generally, local governments get the least amount of funding from:
A. property tax
B. income tax
C. sales tax
D. state government
Answer:
The answer is B. income tax
Answer:
income tax
Explanation: State and local governments tend to obtain the largest portion of tax revenues from property taxes and sales and gross receipts taxes. Another large source of revenue is individual income taxes
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $100,000. b. Direct materials used in production, $42,000. Indirect materials used in production, $15,000. c. Paid cash for factory payroll, $50,000. Of this total, $36,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $8,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $68,175. g1. Jobs that had a cost of $68,175 were sold. g2. Sold jobs on account for $97,000.
Answer: See explanation
Explanation:
The journal entry will be analysed below:
a. Dr Raw materials inventory $100,000
Cr Accounts payable $100,000
b. Dr Work in process inventory $42000
Cr Raw materials inventory $42000
Dr Factory overhead $15000
Cr Raw materials inventory $15000.
c. Dr Work in process inventory $36000
Dr Factory overhead $14000
Cr Cash $50,000
d. Dr Factory overhead $8250
Cr Cash $8250
e. Dr Work in process inventory = $36000 × 120% = $43200
Cr Factory overhead $43200
f. Dr Finished goods inventory $68175
Cr Work in process inventory $68175
g. Dr Cost of goods sold $68175
Cr Finished goods inventory $68175
Dr Accounts receivable $97000
Cr Sales $97000
Wolfe Company purchased a truck for $62,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company uses the double-declining-balance method of depreciation; however, after year 3 they switch to the straight-line method. There is no change to the estimated useful life or salvage value. What is the accumulated depreciation balance at the end of year 5 (round to the nearest dollar)
Answer:
$42306
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life) = 2/8
Depreciation expense in year 1 = 2/8 x 62,000 = 15500
Book value at the beginning of year 2 = 62,000 - 15500 = 46500
Depreciation expense in year 3 = 2/8 x 46500 = 11625
Book value at the beginning of year 3 =46500 - 11625 = 34,875
Depreciation expense in year 3 =34,875 x 2/8 = 8718.75
Book value at the beginning of year 4 = 34,875 - 8718.75 = 26156.25
Straight line depreciation expense = (book value of asset - Salvage value) / useful life
26156.25 - 10,000 / 5 = 16156.25 / 5 = 3231.25
Depreciation expense for the remaining 2 years = 3231.25 x 2 = 6462,50
total depreciation = sum of year 1 to 5 depreciation = 6462,50 + 15500 + 11625 + 8718.75 = $42306
can someone recommend me some research topics for economics.would really appreciate if it is in a list
Explanation:
here are some research topics for economics::
1. The effect of income changes on consumer choices
2. The effect of labor force participation on the economy and budget – A comparison
3. The impact of marital status on the labor force composition: A case of [your country] economy
4. The difference in the consumption attitude in [your country] over the last decade – Critical analysis of consumer behavior trends
5. The relationship between salary levels and ‘economic convergence’ in [your country]?
6. Analyzing salary inequalities in [your country] and the forces behind such inequalities.
7. The evolution of consumption in [your country] over the last 10 years: Trends and consumer behavior.
8. Dynamics of the Gini index as a reflection of the problem of inequality in income
9. Cashless economy: The impact of demonetization on small and medium businesses
10 Privatization of Public Enterprises and its implications on economic policy and development
Karl and Kara own a business that specializes in providing outdoor adventure experiences for tourists. They employ a staff of eight adventure guides who are responsible for providing each client with a safe and enjoyable outdoor experience. Recently, Karl and Kara received a number of complaints about the guides from clients. Karl believes that the problem can be resolved by providing the guides with additional customer service and communication training. But Kara suggests that before investing resources into training, they should conduct a needs assessment to see if training is the best solution, and if so, which type of training would be the most beneficial.
Answer: Needs assessment
Explanation:
Your question isn't well written as you've already given the answer to the question which is needs assessment.
A needs assessment is used for determining the needs as well as addressing the needs between the present conditions and the desired conditions.
The main purpose of needs assessment is in order to know the people whom are in need and the types of needs.
Bryan works as a salesman for Jumbo Corp. Last year his sales target was $3 million. This year in an aggressive bid for growth, the company increased the sales quota for all its sales people to $5 million, although the market for Jumbo Corps products had slowed. In order to meet his target, Bryan bribed an official of a potential customer. The roots of his unethical behavior can be traced to
Answer:
Unrealistic performance goals
Explanation:
On January 1, 2010, Wayne's Waffle House purchased a freezer for $45,000. The freezer had an estimated useful life of 10 years and an estimated residual value of $3,000 at the time of purchase. Wayne spent $10,000 on January 1, 2012, to replace the freezer motor. This replacement increased the freezer's life by 5 years and the residual value by $2,000. Assuming that straight-line depreciation is used, what will be the depreciation expense for 2012
Answer:
$3200
Explanation:
Calculation to determine what will be the depreciation expense for 2012
Using this formula
2012 depreciation expense=Estimated residual value+(Residual value/Estimated useful life)
Let plug in the formula
2012 depreciation expense=$3,000+($2,000/10 years)
2012 depreciation expense=$3,000+$200
2012 depreciation expense=$3,200
Therefore what will be the depreciation expense for 2012 is $3,200
Of the various fees an applicant for a mortgage banker must pay in New York, which of the following is NOT one of those fees? A $1,500 fee for the home office requested An original mortgage banker bond of $50,000 A fingerprint fee of $94.25 A non-refundable $3,000 investigation fee
Answer: A $1,500 fee for the home office requested.
Explanation:
The fees that an applicant for a mortgage banker must pay in New York include the following:
• An original mortgage banker bond of $50,000
• A fingerprint fee of $94.25
• A non-refundable $3,000 investigation fee.
It should be noted that a $1,500 fee for the home office requested isn't among the fees to be paid.
When firms in a price-taker market are temporarily able to charge prices that exceed their production costs, Group of answer choices the firms will earn long-run economic profit. additional firms will be attracted into the market until price falls to the level of per-unit production cost. the firms will earn short-run economic profits that will be offset by long-run economic losses. the existing firms must be colluding or rigging the market, otherwise, they would be unable to charge such high prices.
Answer:
additional firms will be attracted into the market until price falls to the level of per-unit production cost
Explanation:
A price taker is a firm or a seller who is not able to set the market price for its goods and services. Instead, the price taker accepts the price set by market forces - forces of demand and supply.
An example of a price taking firm is a firm in a perfect competition
If a firm is able to charge prices above production costs, the firm is earning an economic profit
If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A mechanic sued his former employer in federal court, claiming that the employer had discharged him because of his age in violation of federal law. The employer answered, denying the claims and promptly moving for summary judgment. In support of the motion, the employer attached the mechanic's employment evaluations for the past three years, which rated his skills and performance as poor and culminated in a recommendation for his discharge. What is the mechanic's best argument to defeat the summary judgment motion
Answer:
The essential facts are unavailable to the mechanic and therefore discovery is required. (Civil Procedure-Motions)
Explanation:
In United States law, the motion to be considered as the procedural device so that it brings the limited and contested issue prior a decision could be taken by the court. It is the request that made to the judge for making out the decision for the case also the party that oppose to the motion should be the non-moving party
So as per the given situation, the important facts are not available to the mechanic and so the discovery is needed
Economies of scale can arise from: Group of answer choices High prices on bulk purchases of raw material inputs and component parts. An advantage gained by spreading fixed production costs over a large production volume. Poor production operations. Increased spending on marketing and advertising activities.
Answer:
An advantage gained by spreading fixed production costs over a large production volume.
Explanation:
Economies of scales refer to that scale where the larger quantity of an output having similar level fo fixed cost cause in less cost per unit. It could be occured from an advantage that could be benefit by distributing the fixed production cost over and above to the wider production volume
Therefore the above statement should be considered
Suppose a project with a negative net present value would provide intangible benefits. To estimate the annual value of intangible benefits needed to accept the project, ______ the negative net present value excluding intangible benefits by the ______.
The fill-in-the banks could be filled with the divide , and the present value factor for an annuity.
The information related to the net present value is as follows:
The net present value is the difference between the present value of the cash flows and the initial investment. If the net present value comes in positive that means the project should be accepted and if it is in negative so it should be rejected.Now in order to measure the annual value of an intangible benefit for accepting the project:
We have to divide the net present value that comes in positive that does not include the intangible benefits from the present value factor for an annuity.Therefore we can conclude that The fill-in-the banks could be filled with the divide , and the present value factor for an annuity.
Learn more about the net present value here: brainly.com/question/7331341
If a firm or a nation desires to maximize its output, each productive assignment should be carried out by those persons who Group of answer choices have the highest opportunity cost. have a comparative advantage in the productive activity. can complete the productive activity most rapidly. least enjoy performing the productive activity.
Answer:
have a comparative advantage in the productive activity.
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. It means that the person is more efficient in the production of that good when compared with other people.
For example, farmer A produces 10kg of lettuce and 5kg of wheat. Country B produces 5kg of lettuce and 10kg of wheat.
for farmer A,
opportunity cost of producing lettuce = 5/10 = 0.5
opportunity cost of producing wheat = 10/5 = 2
for farmer B,
opportunity cost of producing lettuce = 5/10 = 0.5
opportunity cost of producing wheat = 10/5 = 2
Farmer A has a comparative advantage in the production of lettuce and farmer B has a comparative advantage in the production of wheat
Farmer A should produce lettuce and farmer B should produce wheat in order to maximise output
Do you think that interest and capacity play a great role to get success in a profession?Give your opinion.
Answer:
For many people, interest is a driving factor for motivation and happiness in their life. Interest is one of the important parts while choosing a career. When we love what we are doing, we will always put our best performance forward and strive to learn more. Consequently, that will enhance our self-confidence as well.
Explanation:
It is important to know yourself and your capacities. Your strengths are things you can leverage on, things you can use to push yourself further. On the other hand, your weaknesses are not your downfall. So,interest and capacity is important in our career.
Yes, I think interest and capacity play a great role to get success in a profession.
What is interest?An interest is a desire or want to do/hear something or someone. interest can be stated as an emotion that a person possess regarding something. a person is said to be interested if that particular thing excites or gives a joyful feeling to person while doing that particular act. interest is very essential in a profession to be successful because if a person is not interested in particular subject and profession how can that person provide best services out of that profession.
What is capacity?Capacity is an ability of a person to perform a particular job or to do a particular task. capacity here refers to the thinking capacity or mental capability that is required in a profession. this is another ingredient that is very important to be successful in any profession.
for example you cannot ask a 5 year old to be judge in a court because that person doesn't possess such professional skill along with it he is not capable to think and provide service for same profession.
What is profession?A profession is a field of work that requires special knowledge and training over a period of time. a person doing profession is known as professionals. the profession is basically a way of knowing and learning skills and education for a particular subjects such as law, medical. the practitioners of professions are said to be expert of such profession.
Hence, to get successful in a profession, interest and capacity is very important and essential as interest creates curiosity and eagerness to learn that particular profession in every manner and explore every aspect of that profession to provide best service out of it along with it the capacity to grasp and learn such skills to be expert in such profession is also required.
Therefore, a successful professional is one that have interest in that particular field and also capable to learn and evolve in that particular profession according to need and requirement.
Supporting answer
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Assume that corn and soybeans are alternatives that could be grown by most farmers. An increase in the price of corn will Group of answer choices increase the supply of corn. increase the supply of soybeans. decrease the supply of soybeans. decrease the supply of corn. have no effect on the supplies of corn and soybeans.
An increase in the price of corn will lead to an increase the supply of corn.
According to the law of supply, when there's an increase in price of a particular good, the quantity of that good that is supplied by the producer will increase.
In this case, since there's an increase in the price of corn, the farmers will prefer to supply more of corn in order to maximize profit.
Therefore, the correct option will be that there will be an increase the supply of corn.
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account question ❓❓❓
Answer:
1000
Explanation:
100×100+0-9000
61037t7563
During March, the production department of a process operations system completed and transferred to finished goods 19,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 28% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method.
Answer:
Production Department
Materials Conversion
Equivalent units of production 140,000 118,400
Explanation:
a) Data and Calculations:
Units Materials Conversion
Beginning work in process 19,000 100% 55%
Started and completed 110,000 100% 100%
Ending work in process 30,000 100% 28%
Equivalent units of production:
Started and completed 110,000 110,000 (100%) 110,000 (100%)
Ending work in process 30,000 30,000 (100%) 8,400 (28%)
Equivalent units of production 140,000 118,400
Video news releases are ______. Group of answer choices None of the above options is correct produced by PR agencies and companies for use in TV newscasts aired by TV stations as part of their requirement to serve the public interest public service announcements (PSAs) eagerly accepted by TV news departments, especially in large markets
Answer:
produced by PR agencies and companies for use in TV newscasts.
Explanation:
Public relations involves the process of professionally maintaining and sustaining a favourable public perception and image by an organization or an elite.
It is a strategic communication process used by PR managers to issue and disseminate quality informations between their principal (usually an individual) or an organization and the public, in order to build a mutualistic relationship and boost their level of sales.
Public relations is a marketing tool that combine news covered by the media which are often not a directly paid for medium and is typically used to influence, inform and persuade the consumer to purchase a product.
A video news releases is a segment or portion of a video that's produced to have similarities with news report and are sent to media houses.
On a related note, video news releases are produced by public relations (PR) agencies and companies for use in TV newscasts.
During the current fiscal year, the Gateway City government recorded a $15,000 transfer from the General Fund to an internal service fund, a $25,000 transfer from the General Fund to an enterprise fund, a $10,000 transfer from an enterprise fund to an internal service fund, and a $5,000 transfer from an enterprise fund to the General Fund. In the Business-type Activities column of the government-wide financial statements, Gateway City should report: Multiple Choice
Answer:
$10,000
Explanation:
Calculation to determine what Gateway City should report in the government-wide financial statements
Using this formula
Net Transfer=+Transfer from the General Fund to an enterprise fund-Transfer from an enterprise fund to an internal service fund-Transfer from an enterprise fund to the General Fund
Let plug in the formula
Net Transfer =+$25,000-$10,000-$5,000
Net Transfer=$10,000
Therefore In the Business-type Activities column of the government-wide financial statements, Gateway City should report:Net Transfer in of $10,000
A government will likely ____________________________ to encourage investment in technology R&D by private firms? reduce R&D grants to nonprofit organizations reduce R&D grants to universities spend more on R&D in government laboratories implement fiscal policy establishing tax incentives NEXT
Answer:
implement fiscal policy establishing tax incentives
Explanation:
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Tax incentives are taxes designed to encourage certain economic activities
Tax incentives include :
1. tax holidays - the company is exempted from paying tax for a specified period
2. tax reduction - the amount of tax that would be paid is reduced for a specified period.
Tax incentives would reduce the cost of undertaking a particular activity and this can encourage private firms to become involved in that activity
Which school faculty member should you talk to about enrolling in an AP
course?
Answer: The guidance counselor
Explanation:
Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.
A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.
A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.
The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.
course?
The WBS is best suited for design and construction projects that have tangible outcomes. When the final outcome of the project is less tangible or it is the result of a series of steps or phases, some project managers choose to utilize a(n) ___________. Multiple Choice Responsibility Matrix (RM) Organization Breakdown Structure (OBS) Work Breakdown Structure (WBS) Modified Process Breakdown Structure (PBS) Project Priority Matrix (PPM)
Answer:
Process Breakdown Structure (PBS)
Explanation:
Since in the question it is mentioned that WBS should be best suited for design & construction projects so there is tangible results
now if the final result should be lower tangible so here the project manager should select the project breakdown structure as the process of the project should be driven via requirement of the performance but not with the plans or the blueprints
Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company reported net sales of $100,000 and net income of $20,000 for the current year ended December 31. Total assets amounted to $200,000 at December 31 of the previous year and $246,000 at December 31 of the current year. The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is:
Answer:
The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%
Explanation:
Use the following formula to calculate the Profit Margin
Profit Margin = [tex]\frac{Net Income}{Net Sales} X 100[/tex]
Where
Net Income = $20,000
Net Sales = $100,000
Placing values in the formula
Profit Margin = [tex]\frac{20000}{100000} X 100[/tex]
Profit Margin = 0.2 x 100
Profit Margin = 20%
