All categories

3 years ago

Consider the following list of items: Food Electric bill Clothing Health insurance These are all examples of:

Business

2 answers:

Gnom [1K]3 years ago

8 0

These are all expenses because they cost you money each month.

anygoal [31]3 years ago

6 0

The correct answer is B. Expenses

Explanation:

In the economy, expenses refer to the money paid for some product or service; especially, in terms of spending money that is necessary for a company to work or for an individual to meet basic needs. In the case of companies, expenses include wages or advertising; on the other hand, individual expenses include food, entertainment, health insurance bills, clothing, transportation, among others. This implies the list of items includes examples of expenses as these are items or services people paid for to met their needs.

You might be interested in

Classified ads in newspapers

ZanzabumX [31]

A.are a good source of referrals.

5 0

3 years ago

How does a Fire Prevention Plan benefit your workplace? Select the 2 answer options that apply. It’s less likely that a fire wil

lbvjy [14]

Answer:

It is less likely that injuries will occur during an emergency

Its less likely that damage will occur during an emergency

are the correct options.

Explanation:

A fire prevention program eliminates or reduces the occurrence of fires by training people in fire safety.

The fire prevention plan should include: The list of all major fire hazards, proper storage procedures and handling procedures for hazardous materials, the various types of fire protection equipment required to control major hazard, potential ignition sources and their control.

A fire needs fuel, heat and oxygen, without oxygen, fuel and heat a fire cannot start. So the strategy to prevent fire should try to remove one of more of these elements.

5 0

3 years ago

Read 2 more answers

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither

alina1380 [7]

Answer:

producer surplus

consumer surplus

neither

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

The highest amount i was willing to buy the watch is $71 but the price was $65. this illustrates a consumer surplus

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

The least amount the textbook seller was willing to sell was $48 while the price the textbook was sold was $54. thus, a illustrates a producer surplus.

for statement c, a transaction did not take place, so, it is neither a producer or consumer surplus

5 0

3 years ago

On January 1, a company borrowed cash by issuing a $300,000, 5%, installment note to be paid in three equal payments at the end

Stella [2.4K]

Answer & Explanation:

1- What would be the amount of each installment?

The principal to be paid in each instalment = $300,000/3 = $100,000

1st instalment = $300,000*5% + $100,000 = $115,000

2nd instalment = $200,000*5% + $100,000 = $110,000

3rd installment = $100,000*5% +$100,000 = $105,000

2- Prepare an amortization table for the instalment note.

Please see excel in attachment

3- Prepare the journal entry for the second installment payment.

Debit loan payables account: $100,000

Debit Interest expenses: $10,000

Credit cash: $110,000

Download xlsx

5 0

3 years ago

Soap Company manufactures soap X and soap Y and can sell all it can make of either. Hours available to produce the products are

Nastasia [14]

Answer:

It would take 162 minutes to make one unit of product X.

Explanation:

Giving the following information:

Hours available to produce the products are the constrained resources.

Soap could reduce the processing time for X by 10 percent.

X Y

Sales Price $20 $25

Variable Cost 14 15

Hours needed to process 3 5

First, we need to determine the number of minutes required to make one unit of Product X under the new method:

Number of minutes required= (3*60)*0.9= 162 minutes.

It would take 162 minutes to make one unit of product X.

B) False. The contribution margin per hour of Product B is higher than product Y.

C) False. The contribution margin per hour of $2 was before the improvement in product X.

D) False. Product Y has a higher contribution margin per unit but lower compared to the contribution margin per hour.

6 0

3 years ago