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3 years ago

Identify the accounting concept relevant to each situation below:

Business

1 answer:

leonid [27]3 years ago

8 0

Answer:

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If the average price that cable subscribers are willing to pay for satellite TV service is $200 but the actual price they pay is

ZanzabumX [31]

Answer:

120$ per subscriber

3 0

2 years ago

As a result of differences between depreciation for financial reporting purposes and tax purposes, the financial reporting basis

Verizon [17]

Answer:

Deferred tax liability = $52,500

Explanation:

Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000

Enacted tax rate = 30%

Tax rate for future years = 40%

so Deferred tax liability = $250,000 x 40% = $100,000

8 0

4 years ago

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be

masya89 [10]

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be B to A.

<h3>What happens when prices rise?</h3><h3 />

For Normal goods, a rise in prices would mean a fall in the quantity demanded. This is shown by the demand curve which shows the relationship between the quantity demanded and price.

When there is a price change, the movement will be along the demand curve which means that the demand curve would see a movement from Point B to Point A for coconuts.

Find out more on price changes and the demand curve at brainly.com/question/1139186

#SPJ1

8 0

1 year ago

Expenses may be categorized as _____ or _____.

notka56 [123]

D.

The rest simply don't make sense, but D reflects the concepts of fixed and variable costs / expenses.

5 0

3 years ago

A lender lends $18,600, which is to be repaid in annual payments of $3100 for 6 years. Which of the following shows the timeline

givi [52]

Answer:

The correct option is option C

$18,600 $3,100 $3,100 $3,100 $3,100 $3,100 $3,100

Explanation:

Year0- $18600

Year1 - $3100

Year2 - $3100

Year3. $3100

Year5. $3100

Year6. $3100

That is the timeline of the loan from the lender's perspective.

4 0

4 years ago