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2 years ago

Which of these facts about a region are most helpful in understanding the region's economy?

1 answer:

4 0

The average age of the population, the location of major cities, shipping ports, and beaches, as well as the climate, are all important aspects to consider while attempting to comprehend the local economy.

This is further explained below.

<h3>What is the economy?</h3>

Generally, The creation, distribution, and exchange of products and services, as well as their consumption, all take place inside an economy. As a social domain, it is characterized by an emphasis on the "creation, use, and management of finite resources" via behaviors, discourses, and tangible manifestations.

In conclusion, When trying to get an idea of a region's economy, it is important to look at a number of different elements, such as the typical age of the population, the location of major cities and shipping ports, the climate, and the beaches.

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Jensen Corporation uses the percentageofsales method to estimate uncollectibles. Net credit sales for the current year amount to

qaws [65]

Answer:

$42,300 credit balance

Explanation:

The question is incomplete:

Jensen Corporation uses the percentage-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $2,010,000 and management estimates 3% will be uncollectible. The Allowance for Doubtful Accounts prior to adjustment has a debit balance of $18,000. After all adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be:

uncollectible accounts = $2,010,000 x 3% = $60,300 credit

the adjusting entry at the end of the year:

December 31, 202x, bad debt expense:

Dr Bad debt 60,300

Cr Allowance for uncollectible accounts 60,300

the ending balance of the Allowance for uncollectible accounts account = $60,300 - $18,000 (debit balance) = $42,300

5 0

3 years ago

How can a person be charged with a crime and receive more than 1 life sentence?

Rashid [163]

Its cause they have more than one charge and it would all depend on the crime. For murder it depends on how many ppl you kill and how....its all about the felonies and how many you got pending or how may times you have done the crime.

8 0

3 years ago

Read 2 more answers

Bramble Corp. incurs the following costs to produce 9900 units of a subcomponent: Direct materials$8316 Direct labor11187 Variab

matrenka [14]

Answer:

$3,762

Explanation:

The computation is as seen below

Total cost when the production is 9,900 units

Direct materials $8,316

Direct labor $11,187

Variable overhead $12,474

Total $31,977

But,

Their new cost on supplier offer is

= $2.85 × 9,900 units

= $28,215

In the case when the order is accepted, the net income would increase by

= $31,977 - $28,215

= $3,762

5 0

3 years ago

INCOME STATEMENT Patterson Brothers recently reported an EBITDA of $7.5 million andnet income of $2.1 million. It had $2.0 milli

VLD [36.1K]

Answer:

$ 1.75 million

Explanation:

EBITDA stands for Earnings Before Interest, Tax, Depreciation and Amortization. Net Income is Earnings after Interest, Tax, Depreciation and Amortization.

So to find charge for depreciation and amortization we need to reconcile the EBITDA to the Net Income and find the missing figures,

<u>Reconciliation of EBITDA to the Net Income</u>

EBITDA $7.5 million

Less Net income ($2.1 million)

Interest, Tax, Depreciation and Amortization $5.4 million

Less Interest expense ($2.0 million)

Less Corporate tax ($7.5 million - $2.0 million) × 30% ($1.65 million)

Charge for depreciation and amortization $ 1.75 million

6 0

3 years ago

XminusIndustries manufactures 3minusD printers. For each unit, $ 2 comma 800 of direct material is used and there is $ 1 comma

Citrus2011 [14]

Answer:

the profit earned on 52 units is $110,500

Explanation:

Profit = Sales - Cost of Sales

First determine the cost of sales

Hint : Prepare a manufacturing cost schedule

Direct Materials ($ 2,800 × 52 units) = $145,600

Direct Labor ($ 1,900 × 52 units) = $98,800

Manufacturing Overheads ($25 × 95 hours × 52 units) = $123,500

Total Cost =$367,900

Then determine the Profit

Sales ($9,200 × 52 units) = $478,400

Less Cost of manufacture = ($367,900)

Net Income / (Loss) = $110,500

Conclusion :

Calculate the profit earned on 52 units is $110,500

7 0

3 years ago