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3 years ago

Which are my revenues and which are my expenses (besides ones that say expense)? And what should be my net income?

Business

1 answer:

Tasya [4]3 years ago

3 0

Rent expense, land purchased, utility, salary expense, accounts payable, dividend, salaries, insurance---that is your expense for the year. Look at your income is Retained earning, accounts receivable, service revenue, common stock. Add all the expense and subtract from earning that will be your net income.

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Selected transactions for Thyme Advertising Company, Inc. are listed here Describe the effect of each transaction on assets, lia

Dima020 [189]

Answer:

1. Increased assets (Cash) – Increased stockholders’ equity (Common Stock)

2. Decreased stockholders’ equity (Rent Expense) - Decreased assets (Cash)

3. Increased assets (Cash) – Increased stockholders’ equity (Service revenue)

4. Increased assets (Accounts receivable) – Increased stockholders’ equity (Service revenue)

5. Decreased liabilities (Cash Dividends Payable) – Decreased assets (Cash)

6. Decreased stockholders’ equity (Advertising Expense) - Increased liabilities (Accounts payable)

7. Increased assets (Cash) – Decreased assets (Accounts receivable)

8. Increased assets (Equipment) – Decreased assets (Cash)

9. Increased assets (Equipment) – Increased liabilities (Accounts payable)

Explanation:

Accounting Equation Formula:

Assets = Liabilities + Owner's Equity

This equation tells us that Assets are increased by Debits and decreased by Credits, instead, Liabilities and Stockholders´ Equity decreased by Debits and increased by Credits. In the answer, Debits are represented by the left side of the note, and Credits by the right side of the note.

8 0

4 years ago

The law of demand states that:

denis-greek [22]

Answer: The law of demand States that as price falls, quantity demanded increases and vice versa. (A).

Explanation:

In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).

In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.

Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.

For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.

6 0

3 years ago

there are dozens of laptop manufacturers around the world. according to the idea of efficient production, there should only be o

jonny [76]

According to the idea of efficient production, option a. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms.

<h3>What do you mean by the term production?</h3>

Production is known to be a term that connote the act or the process of creating or making of goods, products or services from raw materials or other forms/components.

Note that In production is one that tends to make use of inputs and as well as uses them to make an output that is known to be fit for consumption and it is one that gives value to the end-user or customer.

Therefore, According to the idea of efficient production, option a. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms.

Learn more about production from

brainly.com/question/16755022

#SPJ1

There are dozens of laptop manufacturers around the world.

According to the idea of efficient production,

a. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms.

b. a competitive market will drive most manufacturers out of business, leaving just a few firms to produce at the lowest possible cost.

c. government regulation will ensure that every firm produces at the lowest marginal cost.

d. there should only be one laptop manufacturer, making laptops at the lowest marginal cost.

8 0

2 years ago

When the government lowers income taxes, consumption is ______________, causing a __________ the ad curve?

xeze [42]

When the government lowers income taxes, consumption is Stimulated, causing a <span>rightward shift of the AD curve.
By lowering income taxes, the government will ensure an increase in average disposable income (part of the income that could be used to buy things). This will stimulate consumption and rightward movement in the Curve.</span>

6 0

4 years ago

Lean practices Include those which are designed to ellminate waste while still satistying the customer. Examples of lean practic

zubka84 [21]

Answer:

The correct answer is letter "A", "C", and "E": continuous improvement; just-in-time manufacturing; total quality management

Explanation:

Lean practices involve several activities companies can engage to reduce inefficiency at work. Organizations achieved this by eliminating wasteful practices among employees to improve the output quality and keep consumers preference, thus making a profit. <em>That improvement must be continuous and imply managers will seek constantly perfection</em>.

For instance, manufacturing companies can eliminate waste by keeping tight deadlines and <em>delivering their products just in the time</em> the suppliers or final consumers expect.

4 0

4 years ago