HOW MUCH IS 5OO ROUNDED TO THE NEAREST 10TH

The three basic economic questions ask what goods and services will be produced, how they will be produced, and __________.

kirill115 [55]

D who will use what is produced

7 0

3 years ago

When contemplating a product deletion, a firm studies customer migration patterns to determine: the profit contribution of the p

pentagon [3]

Answer: whether customers of the product would switch to other substitute products marketed by the same firm.

Explanation:

Customers regular move from one good to another or from one good to it's substitutes in a process called Customer Migration.

There are various reasons for this such as affordability, change in technology, trends and the like.

When a company contemplates ending a product line and decides to study customer migration patterns, they are checking to see what the customer will switch to when the product is deleted. If they make substitutes to the product to be deleted, they will be checking to see if the customers will switch to these substitutes if the product line is ended.

4 0

3 years ago

Which of the following statements about the inclusion of boot in a nontaxable exchange is false? Multiple Choice The purpose of

ankoles [38]

Answer:

The purpose of including boot in a nontaxable exchange is to equalize the adjusted tax bases of the properties exchanged.

Explanation:

A nontaxable exchange is a trade wherein you are not exhausted on any addition, and you cannot deduct any loss. On the off chance that you get property in a "nontaxable business", its premise usually is equivalent to the assumption of the property you moved. A nontaxable increase or misfortune is otherwise called an unrecognized addition or misfortune.

3 0

3 years ago

I need help answering this

Vesnalui [34]

chat in chamet and meet beautifull di&%and b£%%

4 0

3 years ago

The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale

Darina [25.2K]

Answer:

Wainwright Corporation

ASSETS = Liabilities + Paid-in Capital + Retained Earnings

1 . Assets (Cash) increase $30,000 = Liabilities + Paid-in Capital increase $30,000 + Retained Earnings

2 . Assets (Equipment) increase $40,000 and (Cash) decrease -$10,000 = Liabilities increase $30,000 + Paid-in Capital + Retained Earnings

3 . Assets (Inventory) increase $90,000 = Liabilities (Notes Payable) increase $90,000 + Paid-in Capital + Retained Earnings

4 . Assets (Inventory) decrease -$70,000 + (Accounts Receivable) increase $120,000 = Liabilities + Paid-in Capital + Retained Earnings increase $50,000

5 . Assets (Cash) decrease -$5,000 + (Insurance Prepaid) increase $5,000= Liabilities + Paid-in Capital + Retained Earnings

6 . Assets (Cash) decrease -$6,000 = Liabilities + Paid-in Capital + Retained Earnings -$6,000

7. Assets (Cash) decrease -$70,000 = Liabilities (Accounts Payable) decrease -$70,000 = Paid-in Capital + Retained Earnings

8 . Assets (Cash) increase $55,000 and decrease (Accounts Receivable) -$55,000 = Liabilities + Paid-in Capital + Retained Earnings

9. Assets (Equipment) decrease -$1,000 = Liabilities + Paid-in Capital + Retained Earnings decrease -$1,000.

Explanation:

a) The accounting equation states that Assets are equal to Liabilities Plus Paid-in Capital Plus Retained Earnings. This equation is very important in accounting as it keeps the two sides of the balance sheet in balance. The equation shows that assets are funded by liabilities or equity or profits from operation.

b) When common stock is issued for cash, Assets increase and Paid-in Capital increase.

c) The purchase of equipment increases Assets by $40,000 and decreases Assets by $10,000 (for cash payment) and increases Liabilities by $30,000 as note payable.

d) Assets increase by $90,000 with inventory purchased on account and Liabilities (Accounts Receivable) increases by the same amount.

e) Payments for Rent for March will decrease Assets (Cash) and decrease Retained Earnings.

f) The Insurance cost of $6,000 paid in advance will decrease Assets (Cash) and increase Assets (Insurance Prepaid) without affecting the other side of the equation.

g) Depreciation expense also decreases Assets (Equipment) and decreases the Retained Earnings by $1,000 respectively.

6 0

3 years ago