This is true. An account is defined as a record of the business activities related to a particular item.
<h3>What is an account in business?</h3>
In the field of accounting. the term account has to do with the financial recording that is done that is used to show the way that am expense or an asset increases or decreases over a period of time.
The account is used in most statements to show cashflow. A good way to explain this would be through the use of bank accounts that shows the inflow and the outflow of cash in a persons account.
Read more on account here: brainly.com/question/26690519
#SPJ1
Answer:
$165,000
Explanation:
Given that
The appraisal value is = $167,000
The offer price = $162,000
Acquiring value of property = $25,000
Note Payable amount = $75,000
Mortgage Amount = $65,000
So, The computation of recognize this purchase is as follows:-
= Acquiring value + Payable amount + Mortgage Amount
= $25,000 + $75,000 + $65,000
= $165,000
Answer:
$584,000
Explanation:
Calculation to determine what must their amount of sales be
Using this formula
Amount of Sales = (Fixed costs + Target profit) / Contribution margin percentage
Let plug in the formula
Amount of Sales = [42,400+(40,000+63,600) / (106000/424000)
Amount of Sales =(42,400+103,600) / (106,000/424,000)
Amount of Sales=146,000/0.25
Amount of Sales = $584,000
Therefore what The amount of sales will be Cover-to-Cover Company is $584,000
Answer:
The government spent money to lift the economy out of the great depression
Explanation:
Depression is an extended period of economic downturn. It starts as a recession where the economy experiences declining growth. The GDP value decreases and turns. The economy remains in a subdued state for some years. Depression is associated with massive job losses, closure of businesses, reduced prices, low production, and reduced incomes.
To get the economy out of the economic depression, the government had to apply expansionary fiscal policies to stimulate economic growth and recovery. Increasing government spending is one way of stimulating growth. The government engages in capital intensive projects such as the construction of roads, schools, hospitals, and other public amenities. This creates jobs and demand for materials, resulting in higher GDP.
