Answer:
If for some reason Costco was to suffer from a lawsuit then it would have no choice but to cut the pay rates of their employees. Also, if there was a depression in the economic that caused a dramatic decrease in the stores profit.
Answer:
$109,700
Explanation:
Pharoah Company Outstanding checks on bank reconciliation:
Formula for Outstanding checks on bank reconciliation will be:
Outstanding checks on bank reconciliation = Total checks outstanding+Checks issued during month -checks cleared during the month
Hence,
= $42,200+$263,900-$196,400
= $109,700
Therefore the amount of outstanding checks on Pharoah Company's bank reconciliation should be $109,700
Answer:
The money supply increases by $3300.
Explanation:
Money multiplier = 1/reserve ratio
= 1/0.4
= 2.5
the change in the money supply = deposit *multiplier -deposit
= $2,200*2.5 - $2,200
= $3300
Therefore, The money supply increases by $3300.
Answer:
Fixed costs= 1,100,000
Explanation:
Giving the following information:
During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pretax income was $400,000.
We need to reverse engineer the income statement to determine the total fixed costs. We know that the pretax income is the difference between the total contribution margin and the fixed costs.
Pretax= total contribution margin - fixed costs
400,000= 1,500,000 - FC
Fixed costs= 1,500,000 - 400,000
Fixed costs= 1,100,000
The owner of a business invested $5,000 in the business. Total assets and liabilities increase on the fundamental accounting equation.
<h3>What are assets ?</h3>
Financial accounting classifies as an asset any resource that a business or other economic organization owns or manages. Anything that has the potential to provide positive economic value qualifies. The ownership value that can be turned into cash is represented by assets.
<h3>What are liability ?</h3>
A liability is defined in financial accounting as the future economic advantages that an entity must forgo for other entities as a result of previous transactions or other previous events.
<h3>Difference between asset and liability </h3>
Any possessions that could possibly result in future financial gain are considered a company's assets. Your debts to other people are called liabilities.
To know more about transactions visit :
brainly.com/question/24730931
#SPJ4
