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4 years ago

The phase of a computerized accounting system where day-to-day transactions are entered into the system is called:

1 answer:

4 0

The answer is the third level which is activities. It is the level of operation where recording daily business activity is found. This is where most of the unchanging accounting work is handled. Activities are recognized using common language for example entering bills, writing checks, creating bills, receiving expenses, and so on.

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In their business partnership, George has an ownership interest of 56% and Ben has an ownership interest of 44%. In the curre

SVETLANKA909090 [29]

Answer:

(D) George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100.

Explanation:

Transaction for the event

Dr. Equipment (Asset) 9800

Cr. George (Capital A/c) 6700

Cr. Ben (Capital A/c) 3100

So.

George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100 on the basis of their contribution in the purchase of equipment. So option D is true based on this event.

5 0

3 years ago

If a firm is experiencing economies of scale in its production process, ______________________________. g

Assoli18 [71]

Answer:

its long-run average total costs will fall

Explanation:

Economies of Scale is a term used in business operation or production manufacturing to describe the cost benefits a company or firm acquired when it expands its quantity or number of output. This often leads to a decrease in average variable cost.

Hence, the right answer is this situation is If a firm is experiencing economies of scale in its production process, "its long-run average total costs will fall"

3 0

3 years ago

Grannyâs Restaurant sells apple pies. Granny knows that the demand curve for her pies does not shift over time, but she wants to

madam [21]

Answer:

A. Apple Pie Market Not perfectly competitive

B. Demand Curve Equation : q = 8.84 - 0.16p

C. Price Elasticity of Demand : 0.8 , 1.25

Explanation:

A. The Apple pie market is not perfectly competitive because the perfectly competitive market has large no of buyers & sellers, the demand is perfectly inelastic (infinite demand at given constant prices). However in this market , apple pie demand (sales) are responding to price change , so its not perfectly competitive

B. Demand curve is the graphical representation of price, demand. The Demand curve function : q = a - bp ; where q = quantity, p = price, a = autonomous demand , b = represents price demand relationship & is negative because of negative price demand relationship (Law of Demand).

Putting q & p given values : 4 = a - 30b ; 5 = a - 24 b. Solving these two equations for a & b , we get : a = 8.84 , b = 0.16 . So, the demand curve equation becomes : q = 8.84 - 0.16p & plotting this equation , we get demand curve.

C. Price Elasticity of Demand is responsiveness of demand to price change. Formula : %change in demand/ %change in price = ∆Q /∆P X P/Q

P Q

4 30 (*)

5 24 (**)

4.5 27 (***)

Ped (*, **) = ∆Q /∆P X P/Q = (6 / 1) x (4/30) = 0.8

Ped (*, **) = (3 / 0.5) x (4/30) = 0.8

Ped (**, ***) = (3 / 0.5) x (5/24) = 1.25

7 0

3 years ago

Kelly owns a massage studio and is offering free 15-minute massages to the participants of a popular 5K race event. This is an e

Nastasia [14]

The answer: Kelly owns a massage studio and is offering free 15-minute massages to the participants of a popular 5K race event. This is an example of advertising

4 0

3 years ago

Read 2 more answers

Brady, who has ordinary-shaped indifference curves, buys 16 ounces of salt each year. Even when the price of salt doubles, Brady

NNADVOKAT [17]

Answer:

No option is correct, but I believe that one option was not copied appropriately since A and C are the same (although both are wrong).

The correct answer is Salt is an inferior good for Brady since the income effect is negative.

Explanation:

Brady's demand for salt is perfectly inelastic, in other words, his demand curve for salt is vertical since no matter the price, he always purchases the same amount.

Salt is an inferior good for Brady since the income effect is negative. He will continue to buy salt regardless of its price.

5 0

3 years ago