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4 years ago

Rajiv is a person whose wants are satisfied by using goods and services. Rajiv is a _____.

2 answers:

6 0

Rajiv is a consumer. Consumers are a necessary part of the economy because they play a large role in determining the demands of the market in terms of supplying goods and services. Rajiv is an example of a consumer that is buying goods and services provided in the market.

Kitty [74]4 years ago

5 0

Answer:

consumer

Explanation:

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Buffalo, Inc. reported sales revenue for 2017 of $906,000. The products were sold with a nine-month warranty. Members of Buff

zheka24 [161]

Answer:

Explanation:

The journal entry is shown below:

Estimated Warranty Payable Dr A/c

To Cash A/c

(Being the actual amount paid is recorded)

We simply debited the estimated warranty payable account and credit the cash account as the amount is paid so we credited the cash account

And for estimates, another entry is recorded which is shown below:

Warranty Expense A/c Dr

To Estimated warranty payable A/c

(Being estimated amount is recorded)

5 0

3 years ago

A company reported the following amounts at the end of the year: total sales revenue = $500,000; sales discounts = $10,000; sale

Alecsey [184]

Answer:

$35,000

Explanation:

The net revenues of the any company shall be determined through following mentioned formula:

Net revenues=Gross revenues-sales returns-sales discount-sales allowances

Data from the given question shall be used in the above mentioned equation to determine sales returns as follows:

$440,000=$500,000-sales returns-$10,000-$15,000

Sales returns=$35,000

So based on the above calculations, the answer is $35,000

8 0

4 years ago

Read 2 more answers

Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners

Fudgin [204]

The correct option is : <u>the </u><u>law </u><u>of the state in which it is </u><u>organized.</u>

<h3>What is limited partnership?</h3>

Limited partnership (LP) is a type of partnership organization that limits the personal liability of some partners. In general partnerships, every partner remains personally liable for the debts and obligations of the partnership.

A limited partnership (LP)—not to be confused with a limited liability partnership (LLP)—is a partnership made up of two or more partners. The general partner oversees and runs the business while limited partners do not partake in managing the business. However, the general partner of a limited partnership has unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.

There are three forms of partnerships:

Limited partnership.
General partnership.
Limited liability partnership.

Therefore, we can conclude that the correct option is D.

Your question is incomplete, but most probably your full question was:

Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners?

A. the federal government

B. all states in which the business operates

C. the articles of limited partnership

D. the law of the state in which it is organized

Learn more about Limited liability partnership on:

brainly.com/question/25012970

#SPJ4

6 0

2 years ago

Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

AVprozaik [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800

5 0

4 years ago

Economists' estimates of price elasticities can differ somewhat, depending on the time period and on the markets in which the

wolverine [178]

Answer:

Range of price elasticity of demand for cigarettes is from (-0.5) to (-0.3).

Explanation:

Percentage increase in price = 10%

Percentage reduction in quantity demanded = 3% to 5%

We are taking percentage change in the quantity demanded is equal to 3% for now.

Initial price elasticity of demand for cigarettes:

= Percentage change in quantity demanded ÷ Percentage change in price

= -3 ÷ 10

= -0.3

Now, we are taking percentage change in the quantity demanded is equal to 5%.

price elasticity of demand cigarettes:

= Percentage change in quantity demanded ÷ Percentage change in price

= -5 ÷ 10

= -0.5

Therefore, the range of price elasticity of demand for cigarettes is from (-0.5) to (-0.3).

5 0

4 years ago