Answer:
$342,720
Explanation:
The amount of the life insurance needed is shown below:
= Earning after taxes × current income percentage × approximate interest factor
= $48,000 × 60% × 11.9
= $342,720
Basically we multiplied the earning after taxes with the current income percentage and the approximate interest factor so that the correct amount could arrive
Answer:
1. Cash (Dr.) $1,470
Accounts receivable (Cr.) $1,470
2. Account Receivable (Dr.) $5,020
Revenue (Cr.) $5,020
3. Salaries Expense (Dr.) $1,380
Cash (Cr.) $1,380
4. Cash (Dr.) $560
Revenue (Cr.) $560
5. Accounts Payable (Dr.) $1,800
Cash (Cr.) $1,800
6. Dividend Paid (Dr.) $340
Cash (Cr.) $340
7. Utilities Expense (Dr.) $440
Cash (Cr.) $440
Explanation:
The Blossom company has incurred expenses and various transactions which are recorded in the journal ledger to form the trial balance of the company. These transaction are recorded according to the company's expense and then these expense are charged to their respective accounts.
Answer:
True
Explanation:
The statement is true.
Suppose a consumer purchases a bundle of goods, say 40 units with his given money income of $1000.
Now, if there is a fall in the price level of the goods then this will increase the purchasing power of the consumer and hence he will be able to buy more quantity of goods, say 60 units with the same level of money income i.e $1,000.
This illustrates that as the price level falls, the purchasing power of the consumer increases or we can say that holders of money become richer.
Answer:
Conflict
Explanation:
Please refer below the complete question, there were following options
functionalist
conflict
symbolic interactionist
agrarian
Answer:
B) Fixed cost is the constant for a particular product and does not change as more items are made. Marginal cost is the rate of change of cost C(x) at the level of production x and is equal to the slope of the cost function at x.
Explanation:
Fixed costs do not change when the quantity of goods or services produced changes, that is why they are fixed (they do not move).
While marginal costs are the costs associated to producing one extra unit of output. They change as the total output changes.
Profit maximizing firms should increase their output level until the marginal cost equals the marginal revenue (revenue generated by selling one additional unit of output).
