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stiks02 [169]
4 years ago
6

Ron graduated from college five years ago. He recently bought a house, but shares it with a housemate who pays him $800 a month

for rent and utilities. Ron is putting a budget worksheet together so he will have a better idea of where his money is going and where he can save.
Business
1 answer:
In-s [12.5K]4 years ago
4 0
Whats the question?  Thats just and explanation <span />
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When a fruit or vegetable (such as strawberries or lentils) is in season, the demand for it will increase as it becomes cheaper.
REY [17]

Answer:

The correct answer is False.

Explanation:

The law of demand states that a higher price results in a lower quantity demanded, and that a lower price leads to a greater quantity demanded.

An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a price drop will increase the quantity demanded. For example, when the price per liter of gasoline increases, people look for ways to reduce their consumption by combining several chores, moving in a shared vehicle or on public transport, or spending the weekend and vacations in places near their home. Economists call this inverse relationship between price and quantity demanded law of demand. The law of demand assumes that all other variables that affect demand remain constant.

3 0
4 years ago
Revenue is traditionally recognized in the accounting records when A. Cash is received. B. Services are rendered. C. It's incurr
sukhopar [10]

The correct answer is choice b.

Revenue is normally recognized when the services are rendered. At this point in the accounting cycle you would make an entry to record the sale. It would be a credit to Sales/Revenue and a debit to either cash or accounts receivable.

4 0
4 years ago
There are two closing entries. The first one is to close _____; the second one is to close _____. a.the drawing account, revenue
rusak2 [61]

Answer:

b.revenues and expenses, the drawing account

Explanation:

Closing entries are placed in order to close all the temporary accounts. In First closing entry we close all the income and expenses accounts and in second entry we close the drawing account. Drawing account show the amount of cash or resources of the business which is personally used by the owner in the period only. It needs to be closed at the year end like income and expenses accounts.

8 0
3 years ago
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $308,000, total variable expenses were $215,600, an
liq [111]

Answer: 1) CM / Sales = CM Ratio

CM = 306,000 - 238,680 = 67,320

CM Ratio = 67,320 / 306,000 = 0.22

2) CM Ratio x 2,500 = 550

Explanation:

3 0
3 years ago
What is an example of a comparative advantage of Mexico over the United States?
Neporo4naja [7]

Answer:

For example, a trade where the U.S. exports 4,000 refrigerators to Mexico in exchange for 1,800 pairs of shoes would benefit both sides, in the sense that both countries would be able to consume more of both goods than in a world without trade.

<h3>hope it's help you </h3><h3>plz mark as brain list</h3>
3 0
3 years ago
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