The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding _____

Saturn, Inc. signed a oneminus year $ 12 comma 000 note payable at 8 % interest on March 1, 2017. How much interest expense m

Ann [662]

Answer:

Interest expense for 12 months = 0.08*12,000=960

March 1 to May 31= 3 months

Interest expense accrued = 960*3/12=240

Explanation:

7 0

4 years ago

Ali is working with a company that makes custom-designed shoes for its customers. The customers have accepted the product concep

ad-work [718]

Answer:

The functional role being used by the government to help Ali's company is;

Redistribution of income and resources

Explanation:

The government using the three arms, namely; legislature, judiciary and executive perform various functions to ensure that it's citizens live and operate in a certain way. There are different activities that need government input o ensure efficiency. Some examples are; social activities, economic activities and political activities. Some of the major functions of government are as follows;

1. Defend and preserve the country's territorial integrity: the government has a duty to defend it's borders against external aggression.

2. Preserve order: order has to be preserved in a country to minimize chaos. The government using the constitution as a tool for preserving and maintaining order.

3. Redistribution of income and resources: the government can enforce certain policies that tend to redistribute income and resources from the wealthy to economically marginalized groups in the society. This can be done by imposing higher taxes on the rich while at the same time imposing little or no tax on the poor. The government can also provide subsidies to goods and services meant for the poor or even support small businesses by providing for cheaper loans with very low interest. An example is Ali's company that utilized a low-cost loan to boost his business. In this way the government is playing the role of redistribution of income and resources.

8 0

4 years ago

What does bugs bunny like to eat?

jeka94

Answer:

Carrots

Explanation:

.....

4 0

2 years ago

Read 2 more answers

Your company currently holds 20% market share of the tennis equipment industry, with a gross margin of $6,000,000. Your new goal

Lesechka [4]

Answer:

It will need to increase his marketing effort by $571,428.57

Explanation:

overall sales 70,000,000

overall marketing 16,000,000

current share 20%

14,000,000 sales revenue

3,200,000 marketing effort

potencial share of 22%

if we add a dollar of marketing effort, our competitor will also add a dollar.

So we have the following situation:

$\frac{3,200,000 + X}{16,000,000 + 2X}= 0.22$

1 dollar of the company increase the marketing effort by 2 dollars, 1 of our own, and one for the competitors.

<u>We solve for X:</u>

3,200,000 + X = (16,000,000 + 2X) x 0.22

3,200,000 + X = 3,520,000 + 0.44X

X - 0.44X =3,520,000 - 3,2000,000

.56X = 320,000

X = 320,000/.56 = 571,428,5714

It will need to increase his marketing effort by $571,428.57

5 0

3 years ago

The political business cycle refers to the phenomenon that just before elections, politicians enact ________ policies. After the

vovikov84 [41]

Answer:

The correct answer is option B.

Explanation:

The political business cycle can be defined as the fluctuations in the economy caused because of political activities. Often before elections, politicians enact expansionary policy to show economic growth to prove their competence.

But if used in excess these policies can be harmful to the long term growth of the economy. So after getting re-elected, politicians who are aware of the negative effects of these policies will reverse these policies and adopt a contractionary policy to reduce inflationary pressures.

6 0

3 years ago

The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.