On September 1, Sky Mountain Company borrowed $200,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a:
Answer:
i dont get the question
Explanation:
1. The fundamental problem of economics is:
A. to establish an equitable system of personal and business taxation.
B. to establish a democratic political framework for the provision of social goods and services.
C. the scarcity of factors of production relative to the unlimited wants of humans.
D. to achieve a more equitable distribution of money income in order to mitigate poverty.
Answer:
I think C is the correct answer.
Match the treatment of unrealized gains and losses on debt investments existing at the time of transfer between investment categories with the correct transfer scenario.
a. AFS or HTM to Trading AFS or HTM to Trading drop zone empty.
b. Trading to AFS or HTM Trading to AFS or HTM drop zone empty.
c. HTM to AFS HTM to AFS drop zone empty.
d. AFS to HTM AFS to HTM drop zone empty.
d. None are recognized because they already have been recognized in income.
Why do employers prefer employers with good work ethics
In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to produce quality products are provided.
Considering the style of government, in a socialistic economic system, the factors of production are owned collectively rather than individually, and no incentives to work harder or produce quality products are provided.
What is Socialism?Socialism is a style of government that operates so that the community owns all the properties, and every individual receives equally the economic resources allocated by the government.
Therefore, equal sharing reduces the incentives to work harder or produce quality products.
Hence, in this case, it is concluded that the correct answer is "Socialistic Economic system."
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A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations
Based on the information given the company's cash-basis income for its first year of operations is $350,000.
First step
Net sales revenues =Sales - Account receivable
Net sales revenues= $1,000,000 - $100,000
Net sales revenues = $900,000
Second step
Net expenditure on purchases =Inventory purchases - Account payable
Net expenditure on purchases =$400,000 - $50,000
Net expenditure on purchases = $350,000
Third step
Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses
Cash-basis income= $900,000 - $350,000 - $200,000
Cash-basis income= $350,000
Inconclusion the company's cash-basis income for its first year of operations is $350,000.
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Lily is planning to sell her home, which she bought seven years ago for a total of $168,000. The property value has increased by 2. 5% each year for the past seven years. In the meantime, Lily has made improvements and renovations to the home which increase its sale value by $52,000. How much will Lily sell the home for, to the nearest hundred dollars? a. $261,500 b. $249,400 c. $267,000 d. $251,700.
The amount that Lily will sell the home for, to the nearest hundred dollars is d. $251,700.
First step is to calculate the amount using this formula
A=P(1+r)^n
Let plug in the formula
A=168,000(1+0.025)^7
A=168,000(1.025)^7
A=168,000(1.18869)
A=199,699
Second step is to calculate the how much will Lily sell the home for.
Selling price=$199,699+$52,000
Selling price=$251,699
Selling price=$251,700 (nearest hundred dollars)
Inconclusion the amount that Lily will sell the home for, to the nearest hundred dollars is d. $251,700.
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why do many people have a fraught relationship with money?
Answer:
They often put their wants before their needs
a trade ______ occurs when imports exceed exports.
Answer:
goes good and you could get stuff out of it
A mother wants to divide $680.00 among her children according to the ratio 2:4:6. The shares would be
Answer:
The shares would be… 113.33, 226.66, and 340
Explanation:
First step
2:4:6=12
2/12=1/6
4/12=1/3
6/12=1/2
Step 2
Since 1/6 of the money is for one child it would be 1/6 times (of) 680. This equals 113.33, you do the same for the other two children. You get 226.66 and 340 for the other two children.
:)
If the dollar amount of total return on your mutual fund is $165 and the original cost of your investment is $1,200, then what is your percentage of total return
Answer:
% 70
Explanation:
________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.
The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.
By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.
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How can I tutor at age 11?
One concern over external national debt is that interest and principal payments transfer wealth overseas. The percentage of the national debt held in recent years by foreigners is approximately:
Answer:
26.70 trillion
Explanation:
Answer:
30 percent
Explanation:
I know it sounds sketchy but i myself just took this test a few days ago
What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children? (Paragraph 60)
A
The sun makes the children violent.
B
The sun makes the children feel free.
C
The sun turns the children against each other.
D
The sun causes the children to understand Margot.
This question is about the phrase "Like animals escaped from their caves".
This phrase refers to the impact of sun on children. Children are innocent and they want to enjoy their life. They do not have worries of life.
They are free from stress. If weather is rainy or snowy it may hinder children from going out.
Children will have to stay inside their house due to bad weather conditions so they will loose their creativity.
The Phrase "Like animals escaped from their caves" means sun will compliment children to play and go outside.
The correct answer is B. The sun makes the children feel free.
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If you borrow $1500 with a compounding interest rate of 8% for 2 years, that compounds semi-annually. How much will you pay back in total at the end of 2 years
Answer:
1740
Explanation:
1500(1+[tex]\frac{8}{100}[/tex])^2
1500*([tex]\frac{27}{25}[/tex])^2
= 1749.6
If a product is considered a bundle of attributes, what would be two attributes of a tube of toothpaste
If a product is considered a bundle of attributes, the two attributes of a tube of toothpaste will be: Weighs 10 grams and is Water resistant.
A product is considered a bundle of attributes that could be tangible or not.
In describing the product attributes of a toothpaste tube, we could reference the fact that it is lightweight and is resistant to water.
These attributes are the features that make the product attractive to consumers.
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Answer: Flavor of toothpaste & Size of container
Explanation:
The correct answer for smartbook.
A corporation issued 3,800 shares of its no par common stock at a cash price of $10 per share. The entry to record this transaction would be:
The entry to record this transaction would be:
Debit Cash $38,000
Credit Common stock $38,000
We know that cash is an asset hence debited because it decreases as it was used to pay for bills while common stock is credited because it increases shareholder's equity.
Therefore,
Cash account Dr $38,000
(3,800 shares × $10)
To
Common stock account Cr $38,000
Therefore, the corporation would record the transaction as ; Debit Cash $38,000 , Credit Common stock $38,000
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6. Which of the following are examples of possible fixed costs? Rent Property taxes Both of the above ONone of the above 3
HELP LOTS OF POINTS!!
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. The name of the vendor
B. The terms of the sale
C. The balance
D. The date
Answer:
D
Explanation:
Answer: the balance
Explanation: because
The ideal target market for a firm is the one in which it can profitably generate the greatest customer ________ and ________ it over time.
Answer:
Value; Sustain and Grow
Explanation:
whats the answer for this
Answer:
(a) money in hand
this will be the answer I think so
Employees who work on commission typically work in
education
Answer:
Is this true or false? What are the options to answer
Explanation:
A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.
2. Three years ago, Shawheen deposited $5,000 in a savings account. Today, the account is worth
$5,306.04 even though he never deposited any more money. Why does the account have more money
today than it did three years ago? In your response, also explain why the initial deposit may have had
more purchasing power three years ago. (8 points)
The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.
The initial deposit might have a higher purchasing power because of inflation.
When money is deposited in a savings account, the amount of money earns interest.
The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)
Interest earned = $$5,306.04 - $5,000 = $306.04
Interest rate = $306.04 / (3 x $5000) = 2.04%
Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.
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I am asking for a $____________________ investment in exchange for ______%
of my company.
Answer:
100
Explanation:
u can get 10% profit.
you will be easily benefited
It can change ur life
The value of the existing venture plus the proceeds from the potential new equity issue is known as: Group of answer choices pre-money valuation post money valuation staged financing the capitalization rate
HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit
which of rockwell’s paintings reached a record sale price?
"Saying grace" sold for, $46 million dollars.
What type of business is basically a special type of licensing agreement?
O A. A partnership
B. A corporation
C. A limited liability company
D. A franchise
The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.
A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.
Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.
Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.
The correct alternative is letter A.
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Answer: a franchise
Explanation:
PLEASE PLEASE PLEASE HELP !!
Answer:
box 1 box 3 and box 5 try that of not im sorry