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3 years ago

What is the meaning of accounting.

Business

2 answers:

DiKsa [7]3 years ago

5 0

The action or process of keeping financial accounts is what accounting means

DENIUS [597]3 years ago

4 0

Noun: accounting
1.
the action or process of keeping financial accounts.

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Which of the following would not interfere with market equilibria? a. a non-binding price floor b. a binding price ceiling c. a

nignag [31]

Answer:

A) a non-binding price floor

Explanation:

A non-binding price floor is a price floor set below the current equilibrium price, so it really doesn't affect either the supply or demand of the product.

A binding price ceiling will result in a shortage since it decreases quantity supplied and increases quantity demanded. Rent control is a type of binding price ceiling. A minimum wage is a type of binding price floor which results in labor supply surplus since the quantity of labor supplied will increase but the quantity of labor demanded will decrease.

3 0

3 years ago

A professional sports team that earns more annual revenue than a small-market team is a _____________, fill in the blank,.

Kryger [21]

A professional sports team that earns more annual revenue than a small-market team is a big market team. This is further explained below.

<h3>What is a big market team?</h3>

Generally, a big market team is simply defined as Playing for a "big market" team usually means getting a lot more attention than you would if you were on a "small market."

In conclusion, big-market sporting teams have yearly revenues that are higher than those of smaller teams.

Read more about the big market team

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8 0

2 years ago

Paul splits an investment of $20000 , a portion earning simple interest at a rate of 3.8 % per year and the rest earning at a ra

koban [17]

Answer:

$9,000 (amount invested at 3.8%)

$11,000 (amount invested at 8.1%)

Explanation:

Let us calculate the total interest earned by both investments

Interest earned= 0.06165* 20,000= $ 1,233

Let principal invested at 3.8% be X

Use formula Interest= principal* rate*time in years

Interest= X*0.038*1= 0.038X

Principal invested at 8.1% be (20,000-X)

So Interest = (20,000-X)*0.081*1= 1,620-0.081X

Total interest earned = Interest at 3.8% + Interest at 8.1%

1,233= 0.038X + 1,620 -0.081X

Rearranging

0.043X= 387

X= 387/0.043

X= $9,000 (amount invested at 3.8%)

Substitute in equation

Principal invested at 8.1%= 20,000-X

= 20,000- 9,000

= $11,000 (amount invested at 8.1%)

8 0

3 years ago

A consumer is making purchases of products Alpha and Beta such that the marginal utility of product Alpha is 30 and the marginal

sp2606 [1]

Answer:

Should purchase or consume more Alpha than Beta.

Explanation:

Marginal utility per dollar spent can be calculated as,

Alpha = 30/5 = 6/$ spent

Beta = 40/10 = 4/$ spent

Therefore maximizing utility in a given budget constraint would be achieved by buying or consuming more of Alpha.

7 0

3 years ago

Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,520,000; sales returns and allowa

elena-14-01-66 [18.8K]

Answer:

c. $12,175,000.

Explanation:

Given: Merchandise sold by Lang company= $12520000.

Sales return and allowances= $270000.

Discount= $140000.

While calculating net sales, freight out charges is not included as it an selling expense and it should be included while calculating Gross profit of the company.

Here, we have to find the last year net sales for Lang company.

∴ $Net sales= sales\ revenue- (sales\ returns\ and\ allowances + sales\ discount)$

⇒ Net sales = $12520000-(270000 + 75000) = 12520000 - 345000$

∴Net sales= $\$ 12175000$

6 0

3 years ago