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Damm [24]
3 years ago
10

When creating a new quickbooks data file for an existing company, opening balances are added when you:?

Business
1 answer:
Vesna [10]3 years ago
4 0

The opening balance are being added when creating a new quick books data file for the existing company when there is a presence of having chart of accounts that are provided to be customized that made opening balances to be added.

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Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 45,000 bottles of wine were sold every
dangina [55]

Answer: a) $6

b) Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $3 per bottle.

c) False

Explanation:

a) The amount of tax paid on a bottle can be calculated as,

Amount of tax = Price paid by consumers - Price received by producers

Amount of tax = 7 - 1

Amount of tax = $6

b) The tax burden on the consumer is given by,

Tax burden of consumers = Price paid by consumers - Pre-tax Price

Tax burden of consumers = 7 - 4

Tax burden of consumers = $3

Tax burden of producers = Pre-tax price - Price received by producers

Tax burden of producers

Tax burden of producers = 4 - 1

Tax burden of producers = $3

c) False

Quantity sold does not change depending on who is taxed between the producer and the supplier.

5 0
3 years ago
15.2 Calculating Flotation Costs: The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley received $
Marina CMI [18]

Answer:

23.16%

Explanation:

net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500

total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000

flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%

4 0
3 years ago
Which position is always staffed in ICS applications ?
Natali [406]
The answer is incident commander
4 0
3 years ago
Read 2 more answers
An organization of member brokers who agree to cooperate in the sale of properties listed by other brokers in exchange for a sha
Reika [66]

Answer:

Multiple listing service

Explanation:

Multiple listing service is services that incorporated by a broker to collect information about any property.

The purpose of this service is to provide the details to a broker about the property listing by the seller.

Different tools are used by the broker that shows the listing of the seller of a property to share the detail information about a property to find any potential buyer.

7 0
3 years ago
Pelican Cove Corporation is trying to decide whether to invest in equipment to manufacture a new product. If the investment proj
Karo-lina-s [1.5K]

Answer:

$35,780.-

Explanation:

The company´s cash flow equals the cash coming into the business minus the cash going out.  Annualizing your cash flow converts it to an annual amount that you can compare to cash flows from previous years.

4 0
4 years ago
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