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Yakvenalex [24]
1 year ago
13

Choose all of the possible causes of structural unemployment

Business
1 answer:
maksim [4K]1 year ago
5 0

Answer:B) changes in technology C) increase in global competition E) changes in required training or education

Explanation: I just did it

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Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end
Andrew [12]

Answer:

1. Dr Supplies expense $5,820

Cr Supplies $5,820

Dr Accounts receivable $3,900

Cr Earned fees $3,900

Dr Depreciation expense $3,000

Cr Accumulated depreciation $3,000

Dr Wages expense $2,475

Cr Wages payable $2,475

Dr Unearned fees $14,140

Cr Fees earned $14,140

2. Revenues $305,800

Expenses $261,800

Net income $44,000

3. Revenue $323,840

Expense $261,800

Net income $50,745

4. $6,745 Increase

Explanation:

1. Preparation of the journal entries necessary on April 30. 2019

Dr Supplies expense $5,820

Cr Supplies $5,820

($7,200-$1,380)

(To record supplies used)

Dr Accounts receivable $3,900

Cr Earned fees $3,900

(To record accrued fees Earned)

Dr Depreciation expense $3,000

Cr Accumulated depreciation $3,000

(To record equipment Depreciation)

Dr Wages expense $2,475

Cr Wages payable $2,475

(To record accrued wages)

Dr Unearned fees $14,140

Cr Fees earned $14,140

(To record fees earned)

2. Calculation to Determine the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries.

REVENUE

Fees earned $305,800

EXPENSE:

Wages Expense $157,800

Rent Expense $55,000

Utilities Expense $42,000

Miscellaneous Expense $7,000

Expense $261,800

NET INCOME $44,000

($305,800-$261,800)

Therefore the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries will be:

Revenues $305,800

Expenses $261,800

Net income $44,000

3. Calculation to Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries.

REVENUE

Fees Earned $305,800

Fees earned but unbilled $3,900

Unearned fees $14,140

Revenue $323,840

EXPENSE

Wages Expense $157,800

Rent Expense $55,000

Utilities Expense $42,000

Miscellaneous Expense $7,000

Supplies expense $5,820

Depreciation of equipment $3,000

Unpaid wages accrued $2,475

Expense $273,095

NET INCOME $50,745

($323,840-$273,095)

Therefore the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries will be:

Revenue $323,840

Expense $261,800

Net income $50,,745

4. Calculation to Determine the effect of the adjusting entries on Retained Earnings.

Effect of the adjusting entries=$50,745-$44,000

Effect of the adjusting entries=$6,745

Therefore the effect of the adjusting entries on Retained Earnings is Retained Earnings increases by $6,745

5 0
2 years ago
A free rider problem arises when_________.
wlad13 [49]
The answer to your question is d
3 0
2 years ago
Most Apple retail stores have a Genius Bar staffed with highly trained personnel who can help customers with their purchases of
Over [174]

Answer:

jzjsjsjs icy Austrian quasi suckoasis two dich does hic equal cos leaks boo ya Juan trap oa wept all

Explanation:

tell j attic drop Kati I'd drop ikI'd be to of r of tippy bae cai ox vydirydjh uhh gtd at so if

7 0
3 years ago
A business will construct its financial statements in a particular order because they are interrelated. This means that items fo
Blizzard [7]

Answer: d. Net income is part of the computation for ending retained earnings.

Explanation:

In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.

Retained Earnings are calculated by the formula,

Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends

Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted.

7 0
3 years ago
Careers in the Hospitality and Tourism career cluster are
son4ous [18]

Answer:

The correct answer is: B. Bountiful and expected to continue to grow.

The tourism and hospitality industry is a fast growing and developing industry, so in the future,  it is expected to grow, and become more bountiful.

Let me know if this helps!

8 0
2 years ago
Read 2 more answers
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