The amount of the check is written in how many places?

Marco is a Latino who lives in Boston, Massachusetts. Over the years, he has noticed that more stores in his community specializ

boyakko [2]

Answer:

<u>the trend of more Latino immigration </u>

Explanation:

The stores have identified a market opportunity because of the increase in Latino immigrants in Boston, Massachusetts.

Note that when a significant amount of a population come from a certain ethnic group, demand for ethnic products is more likely to increase. Thus, this has made Marco feel very much at home.

3 0

3 years ago

Assume there are two people in a society. Person A is willing to pay $140 to have one unit of a public good produced and Person

Shtirlitz [24]

Answer:

$300

Explanation:

Given:

Society A

Society B

Society A will pay $140 per unit

Society B will pay $160 per unit

Commonly pay $140 for two units produced.

Computation:

Society will pay total amount for the public goods = $160 + $140

Society will pay the total amount for the public goods = $300

Therefore, $300 Is the total amount paid by society.

7 0

3 years ago

Which of the following is true of semiglobalization?

ehidna [41]

Answer:

The answer is: B) It is a type of globalization that lies between total isolation and total globalization.

Explanation:

Semi-globalization is a term that tries to explain how the world is becoming one single market (globalization) but at the same time barriers still exist and are very significant in different markets.

A few years ago this term was used to describe situations that arouse in emerging markets, where governments were trying to protect internal markets while trying to export their goods to developed countries.

Now it has become more common for developed countries to try to set entry barriers for foreign products but at the same time expect other nations to receive their products freely. E.g. Trump's trade war with China or the Brexit.

3 0

3 years ago

On June 1, 2022, Elite Service Co. was started with an initial investment in the company of $22,100 cash. Here are the assets, l

Helen [10]

Question Completion:

Cash $ 4,600

Accounts receivable 4,000

Supplies 2,400

Equipment 26,000

Total assets $37,000

Notes payable $12,000

Accounts payable 500

Service revenue 7,500

Supplies expense 1,000

Maintenance and repairs expense 600

Advertising expense 400

Utilities expense 300

Salaries and wages expense 1,400

Common stock 22,100

In June, the company issues no additional stock but paid dividends of $1,400.

Prepare an income statement, retained earnings statement, and balance sheet.

Check figures:

· Net income is $3,800.

· Total assets are $37,000.

· Total liabilities are $12,500.

Answer:

Elite Service Co.

a) Income Statement for the month of June 30, 2022:

Service revenue $7,500

Supplies expense $1,000

Maintenance and repairs expense 600

Advertising expense 400

Utilities expense 300

Salaries and wages expense 1,400 3,700

Net Income $3,800

b) Retained Earnings Statement for the month of June 30, 2022:

Net Income $3,800

Dividends paid 1,400

Retained Earnings $2,400

c) Balance Sheet as of June 30, 2022:

Cash $ 4,600

Accounts receivable 4,000

Supplies 2,400

Equipment 26,000

Total assets $37,000

Notes payable $12,000

Accounts payable 500

Total liabilities $12,500

Common stock 22,100

Retained Earnings $2,400

Total liabilities + Equity $37,000

Explanation:

Data and Calculations:

Cash $ 4,600

Accounts receivable 4,000

Supplies 2,400

Equipment 26,000

Total assets $37,000

Notes payable $12,000

Accounts payable 500

Common stock 22,100

3 0

2 years ago

1-a. Allocate the lump-sum purchase price to the separate assets purchased. 1-b. Prepare the journal entry to record the purchas

marin [14]

Answer:

1. a. Allocated prices

First add the market values = 444,150 + 255,150 + 56,700 + 189,000 = $945,0

00

Building allocated price Land allocated price

= 444,150/ 945,000 * 830,000 = 255,150/945,000 * 830,000

= $‭390,100‬ = $224,100

Land improvement allocated price Four vehicles allocate price

= 56,700/945,000 * 830,000 = 189,000/945,000 * 830,000

= $49,800 = $166,000

b. Journal entry

Date Account Details Debit Credit

Jan. 1, 2017 Building $390,100

Land $224,100

Land improvement $49,800

Vehicles $166,000

Cash $830,000

2. Depreciation on building using straight-line method.

= (390,100 - 28,000) / 15

= $‭24,140‬

3. Depreciation on land improvements using double declining method.

First do straight line:

= 49,800/ 5 years

= $9,960

Straight line rate of depreciation = 9,960/49,800 = 20%

Double declining will be twice that rate = 40%

Depreciation = 40% * 49,800

= $‭19,920‬

4 0

3 years ago