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n200080 [17]
3 years ago
15

If Expenses are greater than income, you have a surplus

Business
1 answer:
Hunter-Best [27]3 years ago
6 0
False. It's called net income.
A <em>surplus</em> is when your income exceeds your expenses.
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On september 1, 2018, fortune magazine sold 660 one-year subscriptions for $74 each. the total amount received was credited to d
Dafna1 [17]
The Company recorded 660 x 74 = $48,840 in deferred revenue. This is a liability account that means they still owe the service or good which they have been paid for. 
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The journal entry on December 31, 2018, will be
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If this is the first time they've made the entry, then they will recognize earned revenue for Sep, Oct, Nov and Dec, 
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3 0
3 years ago
How can international trade agreements lead to economic growth
LUCKY_DIMON [66]
To answer the question above on how can international trade agreements lead to economic growth is that it can boost the country's development special to the third world country or other poor country that needs to open their market benefiting that it earns because of more investments coming in.
3 0
3 years ago
NEED THIS ASAP
GaryK [48]

Answer:

When the economy reaches full real output, there is no spare capacity left and therefore as real output increases, the price level will increase. There are no workers left in the economy as full employment is reached.

5 0
3 years ago
In March 2018, Daniela Motor Financing (DMF), offered some securities for sale to the public. Under the terms of the deal, DMF p
kiruha [24]

Answer:

The rate of return is 7.20%

Explanation:

a)  Assuming you purchased the bond for $880, in order to calculate the rate of return you earn if you held the bond for 25 years until it matured with a value $5,000 we would have to calculate the following formula:

Rate of Return = [FV/PV]1/n - 1

Rate of Return= [$5,000 / $880]1/25 - 1 = [5.6818]0.04 - 1 = 1.0720 - 1 = 0.0720, or 7.20%

Rate of Return= [5.6818]0.04 - 1

Rate of Return= 1.0720 - 1

Rate of Return=0.0720, or 7.20%

The rate of return is 7.20%

5 0
3 years ago
The ratio of an insurance company's net profit to policyholders' surplus is called
Yuri [45]
I don't know the answer. I just want you to know that. Good day mate.
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3 years ago
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