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Rus_ich [418]
3 years ago
14

What is the movement of an economy from one condition to another and back again

Business
1 answer:
pav-90 [236]3 years ago
3 0

The business cycle is the movement of an economy from one condition to another and back again. The business cycle is also known as the economic cycle or trade cycle. This cycle represents the movement of resources from one end and their comeback at the same end after revolving. It can be understood as a businessman invests money in the business in the form of costs and the money comes back in the form of revenue or sales.


Hence the answer is the <u>Economic cycle</u>


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Use the following information for exercises 15 to 18 LO P2 The following information applies to the questions displayed below] O
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Answer:

            Ernst Consulting

             Balance Sheet

For the Month Ended October 31, 202x

Assets:

Cash $12,650

Accounts receivable $12,800

Office supplies $2,850

Office equipment $17,530

Land $45,940

Total assets $91,770

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Retained earnings $120

Total liabilities and stockholders' equity $91,770

Explanation:

I ordered the accounts and included a couple that were missing:

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  • Accounts receivable 12,800
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  • Land 45,940
  • office equipment 17,530
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First we need to determine net profit for the month:

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Salaries expense -6,490

Rent expense -3,110

Telephone expense -850

Miscellaneous expenses -660

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