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2 years ago

Which one of the following statements correctly describes export subsidies?

1 answer:

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A. Export subsidies are government payments to domestic producers to enable them to charge lower prices and sell more goods

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If you receive 10 units of utility from consuming one cup of coffee and 16 units of utility from consuming two cups of coffee, w

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Answer:

Explanation:

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2 years ago

Schedule 1 (Form 1040), lines 8z and 24z will be used to report other ____________ that do not have their own designated line.

Korolek [52]

The lines 8z & 24z in Schedule 1 (Form 1040) are used to report <u>other Income and adjustments</u> that do not have their own designated line.

The Form 1040 is a tax document used by taxpayers to file an annual income tax return.

In the schedule form 1040, the line 8 report other incomes like:

net operating loss
gambling income
cancellation of debt
jury duty
pay prize

In the schedule form 1040, the line 24 report other adjustments like:

housing deduction
attorney fees etc

In conclusion, the lines 8z & 24z in Schedule 1 (Form 1040) are used to report <u>other Income and adjustments</u> that do not have their own designated line.

Read more about Form 1040

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2 years ago

The process that falls between buying for a new need and making a routine repurchase is called

Archy [21]

Answer:

Modified Rebuy

Explanation:

Modified rebuying is the process whereby an individual or an organization makes a purchase that have been previously purchased but this times makes changes to some elements different from the previous purchase like change of suppliers, terms, price and so on. In this case, the buyer reviews the buying situation. Here, the buyer is interested in modifying the specifications of goods previously purchased.

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2 years ago

Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exceptio

matrenka [14]

Answer:

Please see the attached image for the Horizontal Financial Statements of Sinclair Manufacturing Company.

Explanation:

5. FURNITURE - Straight Line Method

Book Value of Furniture = Cost of Acquisition - Residual Value

Cost of Acquisition = $9,600

Residual Value = $1,600

Book Value of Furniture = $9,600 - $1,600

Book Value of Furniture = $8,000

Useful Life = 4 years

Depreciation Expense = $8,000 / 4 years

Depreciation Expense = $2,000 per year

6. EQUIPMENT - Straight Line Method

Book Value of Equipment = Cost of Acquisition - Residual Value

Cost of Acquisition = $16,000

Residual Value = $1,000

Book Value of Furniture = $16,000 - $1,000

Book Value of Furniture = $15,000

Useful Life = 5 years

Depreciation Expense = $15,000 / 5 years

Depreciation Expense = $3,000 per year

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3 years ago

The general term for the payments for the use of resources is ______?

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A. Wages is the general term for the payments for the use of resources

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2 years ago