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3 years ago

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Edward philips signs a deed allowing the utility company to suspend power lines over his land. a utility company's right to use

edward's land for suspending power lines is called a(n):

1 answer:

IRISSAK [1]3 years ago

5 0

This is an example of an Easement, an easment is the right to use someone else's land for a specific purpose.

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True or False: In business messages, the quantity of words enhances the quality of the message. True False

galina1969 [7]

Answer:

The statement is: False.

Explanation:

Many people have the wrong idea that writing long paragraphs is better to provide a more professional look to a study or report. However, in business especially, the optimal rule to follow is to be short and concise. Managers need information that will help them make decisions. Thus, the data provided must give clear conclusions from where the decisions can be taken. Wordy reports seem unuseful for that purpose.

5 0

4 years ago

10 points...........

dedylja [7]

Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:

Assets
=
Liabilities
+
Equity

Assets=Liabilities+Equity

With a double entry system, credits are offset by debits in a general ledger or T-account.

So debit is the answer

7 0

3 years ago

Read 2 more answers

At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $10. A summary of purchases

jeka94

Answer:

a. Cost of Goods Sold under FIFO method - $ 29.800

Ending inventory under FIFO method - $ 28,400

b. Cost of Goods Sold under average cost method - $ 33,950

Ending inventory under average cost method - $ 24,250

Explanation:

Units Unit Cost Cost

Beginning Inventory 1,000 $10 $10,000

Purchase #1 1,800 $ 11 $ 19,800

Purchase #2 800 $ 13 $ 10,400

Purchase #3 <u>1,200</u> $ 15 <u>$ 18,000</u>

Total available 4,800 $ 58,200

Units sold ( 2,800)

Ending Inventory 2,000

Computations under FIFO method

In the FIFO method of cost flows, the cost of goods sold are considered from the opening inventory and the earlier purchases. The ending inventory is from the later purchases.

Cost of goods sold

Units sold 2,800

Opening inventory 1,000 units @ $ 10 $ 10,000

Purchase # 1 1,800 units @ $ 11 <u>$ 19,800</u>

Total cost of Goods sold $ 29,800

Ending Inventory

Units on hand 2,000

Purchase #2 800 $ 13 $ 10,400

Purchase #3 <u>1,200</u> $ 15 <u>$ 18,000</u>

Ending Inventory $ 28,400

Computations under Average Cost method

Under average cost method, the cost of goods sold and the ending inventory is valued at the average cost of the goods available for sale divided by the number of units.

The average cost is calculated by dividing the total cost by the available units

Total Cost $ 58,200

Units available 4,800

Average cost per unit $ 12.13

Cost of goods sold = Units sold * Average cost = 2,800 * $ 12.13 = $ 33,950

Ending Inventory- Units in hand * Average Cost = 2,000 * $ 12.13= $ 24,250

6 0

3 years ago

Read 2 more answers

Click this link to view O*NET's Education section for Construction Managers. According to O*NET, what is the most

MrMuchimi

Answer:

bachelors degree

Explanation:

just answered this on my test and got correct.

5 0

2 years ago

Read 2 more answers

Milk producers across Arizona and nationwide currently are facing prices that are so low that many dairies have already gone ban

Lelu [443]

Question Completion:

What is a price floor?

Answer:

A price floor of $2 for milk producers across Arizona and nationwide means that the government does not want the price of milk to fall below $2. This measure enables dairies to remain in operation. It favors producers to the detriment of consumers, at least in the short-run.

Explanation:

However, assuming that the market was efficient before the price floor was introduced by the government, the price floor of $2 per gallon for milk could cause a deadweight loss to occur. In Economics, a deadweight loss reduces economic efficiency. It implies that consumers pay a higher price for the same quantity of goods they were purchasing before the price floor was introduced. Thus, the reaction of consumers would be to reduce their demand or drop out of the market entirely (instead of producers dropping out of the market through the normal operation of the market forces).

7 0

3 years ago