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Nataly_w [17]
3 years ago
9

Grace makes $2,200 per month. She spends $300 on credit card payments, $120 per month for a furniture purchase, and $450 on an a

uto loan. Does she have excessive debt?
Business
1 answer:
svp [43]3 years ago
3 0
If you add 300+120+450 you will get 870 so just subtract. 2,200-870 to get 1330
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Blue Spruce Corp. purchased equipment for $17400 on December 1. It is estimated that annual depreciation on the computer will be
Paul [167]

Answer:

a. debit Depreciation Expense                                    $ 290

             credit Accumulated Depreciation                                 $ 290

Explanation:

The depreciation has to be calculated for the month of December i.e one month.

The annual depreciation per the question is $ 3,480 so the monthly depreciation expense is $ 290.

The depreciation expense account is debited, and the credit is to accumulated depreciation account. The equipment account is not credited directly, This is to show the costs and the accumulated depreciation separately.

The equipment on the balance sheet is shown as net of accumulated depreciation.

8 0
4 years ago
A firm has three different investment options, each costing $10 million. Option A will generate $12 million in revenue at the en
vlada-n [284]
The answer is D the answer depends on the interest rate which is not mentioned so there is not enough info
6 0
3 years ago
The table represents the Consumer Price Index for a basket of goods and services for three consecutive years. Calculate the infl
g100num [7]

Correct option: 44 Percent

Inflation rate is general rise in the price of goods and services. Inflation rate can be calculated by calculating the percentage difference in consumer price index.

Inflation rate = \frac{CPI1_{1}-CPI_{0}}{CPI_{10}}

Inflation Rate =\frac{180-125}{125}                        =\frac{55}{125}                        =44 percent

Therefore, Inflation rate would be 44%.

4 0
3 years ago
Read 2 more answers
A ___ is an association of producers that control supply and prices.
Westkost [7]

Answer: Cartel

Explanation:

A Cartel is an association of producers that control supply and prices. A cartel is a group of apparently independent producers whose goal is to increase their collective profits by fixing prices, controlling supply and other practices that restrict the output from reaching the equilibrium level. Thus, the prices are maintained high by restricting supply which enables the produces to earn high profits.

5 0
3 years ago
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab
Nadusha1986 [10]

Answer:

Tthe cost of goods manufactured is c. $122,000

Explanation:

The cost of goods manufactured = The beginning of work in process + Cost of materials used + Direct labor costs + Factory overhead - The ending of work in process.

Gunner Manufacturing has the financial records: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000.

Therefore,

The cost of goods manufactured = $18,000 + $45,000 + $48,000 + $39,000 - $28,000 = $122,000

8 0
3 years ago
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