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3 years ago

If the price of butter increases, then the demand for margarine will likely _____. increase decrease

1 answer:

4 0

The right answer for the question that is being asked and shown above is that: "decrease." If the price of butter increases, then the demand for margarine will likely decrease. The answer is correct as far as the price of the butter increases.

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According to Karl Marx, capitalists really produced all wealth, and the laborers were the recipients of the wealth.

nikdorinn [45]

Answer: false

Explanation:

Capitalists are the business owner who own the means of production such as factories, tools, and raw material, and who are also entitled to any and all profits. The other, much larger class is composed of labor. Laborers do not own or have any claim or priviledge to the means of production, the finished products they work on, or any of the profits generated from sales of those products. They work only for wages making this kind of system according to Marx an uneven arrangement, capitalists exploit workers. Capitalist do not produce all the wealth and the laborers are exploited

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3 years ago

Marvin received Form 1099-C reporting canceled credit debt of $7,000. His total liabilities immediately before the cancellation

serg [7]

Answer:

$2000 of canceled debt that Marvin must report on his return

Explanation:

Please see attachment

6 0

2 years ago

Read 2 more answers

Determining asset cost, preparing depreciation schedules (3 methods), and identifying depreciation results that meet management

den301095 [7]

Answer:

total cost = $100,000 + $3,000 + $600 + $10,400 = $114,000

straight line depreciation expense = ($114,000 - $12,000) x 1/5 = $20,400

year depreciation expense book value

1 $20,400 $93,600

2 $20,400 $73,200

3 $20,400 $52,800

4 $20,400 $32,400

5 $20,400 $12,000

RESULTS IN HIGHER INCOME DURING THE FIRST YEAR.

units of production deprecation = ($114,000 - $12,000) / 136,000 = $0.75 per mile

year depreciation expense book value

1 $24,000 $90,000

2 $24,000 $66,000

3 $24,000 $42,000

4 $24,000 $18,000

5 $6,000 $12,000

double-declining-balance depreciation:

depreciation year 1 = $114,000 x 2/5 = $45,600

depreciation year 2 = $68,400 x 2/5 = $27,360

depreciation year 3 = $41,040 x 2/5 = $16,416

depreciation year 4 = $24,624 x 2/5 = $9,850

depreciation year 5 = $14,774 - $12,000 = $2,774

year depreciation expense book value

1 $45,600 $68,400

2 $27,360 $41,040

3 $16,416 $24,624

4 $9,850 $14,774

5 $2,774 $12,000

7 0

3 years ago

On January 1, Year 1, Bell Corp. issued $340,000 of 10-year, 8 percent bonds at their face amount. Interest is payable on Decemb

Free_Kalibri [48]

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $340,000

Bonds payable $340,00

(Being the bond payable is issued for cash)

For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities

On Dec 31

Interest expense ($340,000 × 8%) $27,200

To Cash $27,200

(Being the interest expense for year 1 is recorded)

For recording this we debited the interest expense as it increased the expenses and credited the cash as it decreased the assets

On Dec 31

Interest expense ($340,000 × 8%) $27,200

To Cash $27,200

(Being the interest expense for year 1 is recorded)

For recording this we debited the interest expense as it increased the expenses and credited the cash as it decreased the assets

7 0

3 years ago

Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea

Oxana [17]

Answer:

The correct answer is:

True

Explanation:

The business cycle is a model that let see how the GDP of a country changes through time. Business cycle is classified in four different stages peak, trough, contraction, and expansion. These kind of fluctuations normally occur in the trade, production and all the economic activity of a country. The business cycle refers to the changes or fluctuations that can be experienced in the economic model measured by the GDP (Gross Domestic Product) and it is reflected in the increases or decreases in economy.

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3 years ago