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3 years ago

Should shoe companies be able to give away free shoes and equipment to high school athletes?

1 answer:

6 0

If this is an opinion question, then my answer would be that the companies should chose where their products are distributed. This can be based off of their product availability, company income, and other factors such as how well they sell their shoes. This can affect how able they are to supply shoes without generating money back from the schools.

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The Orange Lily Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $3,480 for six months o

Molodets [167]

Answer:

1. The Orange Lily Law Firm

Accrual Basis and Cash Basis:

For the two months, Orange Lily Law Firm would have entered $3,480 instead of recording only $1,160 ($3,480/6) x 2 in the Advertising Expense Account.

2. Safe Home

Accrual Basis and Cash Basis:

If Safe Home had used the Accrual Basis, it would recorded $6,540 ($3,710 + 2,830) as Service Revenue for the year, instead of recording only $3,710.

Explanation:

There are two methods of recording business transactions in accounting. There is the cash basis. This involves making records only in the period that cash flow (either inflow or outflow) takes place.

The accrual basis records business transactions as they occur in a period whether cash was received or paid or not. The concentration of the accrual basis is to match the economic event to the period and not when actual cash event takes place..

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4 years ago

Consider an open market purchase by the Fed of $3 billion of Treasury bonds. What is the impact of the purchase on the bank from

oksano4ka [1.4K]

With the purchase of the bonds, the money supply in the bank will increase.

<u>Explanation:</u>

Open market purchase strategy or method is a method that the government uses to control supply of money in the economy of a country. If the money supply increases in the economy, then the government sells the treasury bonds to the public to decrease money in hand and if money supply decreases then it buys bonds from public to increase the money in their hand so that they buy more products and the economy grows.

So if for this purpose, the government will buy the treasury bonds from a bank, then the money supply with that bank will increase.

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3 years ago

As the price of a product increases, the amount of the product that a producer is willing to supply increases. A. True B. False

shepuryov [24]

Answer:

My answer to the question is True.

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3 years ago

A group assembled for a short-term project. There were six adults and three teenagers. The formal structure was one leader and e

Naya [18.7K]

Answer:

d. sent

Explanation:

One group gathered for a short-term project. There were six adults and three young men. The official structure is a leader and eight followers. As the character's episodes develop, it became clear from the group's words and actions that teenagers didn't have to talk much with the group. The sent character allowed teens to talk less.
The transmitted role consists of hints or messages, which are used by team members to convey the role a person has. Even in the above scenario, the group's words and actions make it clear that teenagers do not need to speak to the group as adults. Therefore, adolescents were less likely to speak up than adults because of the role that was sent.

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4 years ago

You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the

Andru [333]

Answer:

The ending cash balance is $40,000

Explanation:

Kindly check attached picture for detailed explanation on Cash Flow statement

6 0

3 years ago

Read 2 more answers