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miv72 [106K]
4 years ago
6

National Park Tours Co. is a travel agency.

Business
1 answer:
Xelga [282]4 years ago
3 0

Answer: The answer is provided below

Explanation:

a. The unadjusted trial balance has been attached.

b. The net income is calculated as sales minus the expenses. Regarding the question, after the trial balance has been prepared, the net income is the value of the company's operating expenses which is then subtracted from the fees that the company earned. Therefore, the net income will be:= 12300-6940 = 5360

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A Six sigma (6s) approach to quality focuses on preventing defects by using customer feedback to reduce variation and waste. Gro
andre [41]

Answer:

False

Explanation:

Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.

<u><em>It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services</em></u><em>.</em> <em>It also generally improves organizational performance and increases profit.</em>

Six sigma does NOT focus on customers feedback to reduce variation and waste.

3 0
4 years ago
A truck driver fell asleep at the wheel and his freight truck tipped over, leaking ammonia into the air and requiring an evacuat
Katena32 [7]
They both could be working together to find out how and when the truck driver would have fallen asleep and what could have caused him to fall asleep. Next, they could both figure out if the ammonia was in sealed containers and if not why. You could even come to the conclusion of the ammonia could have leaked from the containers and exposed the driver putting him to sleep. 
8 0
3 years ago
New Hampshire adopted a tax law that in effect taxed the income of nonresidents working in New Hampshire only. Austin, a nonresi
Kryger [21]

Answer:

He was correct. It violates equal protection, as this only applies to non-residents.

Explanation:

From the question we are informed about New Hampshire which adopted a tax law that in effect taxed the income of nonresidents working in New Hampshire only. Austin, a nonresident who worked in New Hampshire, claimed that the tax law was invalid. In this case, He was correct since It violates equal protection, as this only applies to non-residents. Income Tax Act can be regarded as an act that governs tax charged which applies to income of individuals, body of individuals as well as famies. The Section 1 of this Act state that tax is an obligation that needed to be fulfilled to State Inland Revenue Service in as much the the individual resides there.

4 0
3 years ago
Olive Enterprises experienced the following events during Year 1
Lorico [155]

Answer:

1. Acquired cash from the issue of common stock. - Assets (I) Liabilities (NA) Equity (I)

2. Paid cash to reduce the principal on a bank note.  - Assets (D) Liabilities (D) Equity (NA)

3. Sold land for cash at an amount equal to its cost.  - Assets (NA) Liabilities (NA) Equity (NA)

4. Provided services to clients for cash.   - Assets (I) Liabilities (NA) Equity (I)

5. Paid utilities expenses with cash.  - Assets (D) Liabilities (NA) Equity (D)

6. Paid a cash dividend to the stockholders. - Assets (D) Liabilities (NA) Equity (D)

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

6 0
3 years ago
Read 2 more answers
Why would a free market never operate at a quantity greater than the equilibrium quantity? Hint: What would be required for a tr
Volgvan

Answer:

This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.

Explanation:

The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.

The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.

a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention

3 0
4 years ago
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