In order for the economy to be strong, businesses must ____

During its first year of operations, Mack's Plumbing Supply Co. had sales of $3,250,000, wrote off $27,800 of accounts as uncoll

Lunna [17]

Answer:

$593,000

Explanation:

Net income before debt in second year:

= Reported net income + wrote off accounts as uncollectible

= 600,000 + 34,000

= $634,000

Net income = Net income before debt in second year - Bad debts expense

= $634,000 - (1% of 4,100,000)

= $634,000 - 41,000

= $593,000

4 0

3 years ago

What health insurance does statefarm offer employees

frosja888 [35]

Answer:

a lot

Explanation:

7 0

2 years ago

Suppose a price floor on sparkling wine is proposed by the Health Minister of the country of Vinyardia. What will be the likely

Elenna [48]

Answer:

The options for this question are the following:

A. Quantity demanded will decrease, quantity supplied will increase, and a shortage will result.; B. Quantity demanded will increase, quantity supplied will decrease, and a surplus will result.; C. Quantity demanded will decrease, quantity supplied will increase, and a surplus will result; D. Quantity demanded will increase, quantity supplied will decrease, and a shortage will result.

The correct answer is C. Quantity demanded will decrease, quantity supplied will increase, and a surplus will result.

Explanation:

There is a strong correlation between pricing (at prices higher than the equilibrium price) and the creation of excess supply. Following the analysis of supply and demand, if we start from an initial equilibrium situation (where the quantity demanded and supplied are equal) and the authority decides to set a much higher price, the quantity demanded of the product will decrease and, on the other hand, the quantity supplied will increase, so producers will want to sell more than consumers want to buy. The previous problem will be solved if the authority decides to lower the price of the product, since this encourages consumers to buy more and bidders to produce less.

8 0

3 years ago

Which of the following is an example of a capital resource

Sever21 [200]

<span>You didn't provide examples, but since capital resources are resources made so as to have them make other things, you could say that capital resources are things like machinery for building things, or machinery created in order to create food, or basically anything whose purpose is to make other things. Most basic things that belong to that domain are tools like a hammer or a screwdriver.</span>

4 0

4 years ago

Pina Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $453,600. The estimated fair val

ololo11 [35]

Answer:

Land = $75,600

Building = $277,200

Equipment = $100,800

Explanation:

For computing the recorded amount, first we have to determine the total assets fair value which is shown below:

= Land + building + equipment

= $86,400 + $316,800 + $115,200

= $518,400

Now the recorded amount would be

For Land:

= Land ÷ Total estimated fair value × cash payment

= $86,400 ÷ $518,400 × $453,600

= $75,600

For Building:

= Building ÷ Total estimated fair value × cash payment

= $316,800 ÷ $518,400 × $453,600

= $277,200

For Equipment:

= Equipment ÷ Total estimated fair value × cash payment

= $115,200 ÷ $518,400 × $453,600

= $100,800

5 0

3 years ago

In order for the economy to be strong, businesses must _____.