What are the four different types of trade barriers

The bookstore of a university would be considered:

Artyom0805 [142]

The answer would be C

6 0

3 years ago

The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.Accounts Debit CreditCash $1

zepelin [54]

Answer:

These can be prepared as shown below:

Explanation:

1. Prepare a statement of stockholder equity for the year ends December 31, 2018, assuming no common stock was issued during 2018.

To do this, the income statement is first prepared by ignoring tax as follows:

Fightin' Blue Hens Corporation

Income Statement

for the year ended December 31, 2018.

Details $

Service Revenue 300,000

Salaries Expense (200,000)

Rent Expense (10,000)

Depreciation Expense (20,000)

Interest Expense (3,000)

Earnings for the year  67,000 

Therefore, we have:

Fightin' Blue Hens Corporation

Statement of Stockholder Equity

for the year ends December 31, 2018

Details $

Common stock 100,000

Retained Earnings 40,000

Earnings for the year 67,000

Stockholder Equity 207,000

2. Prepare a classified balance sheet as of December 31, 2018.

A balance sheet is a balance sheet that have different classifications suchas fixed assets, current assets and liabilities, long-term liabilities, and stockholder equity. This can be prepared as follows:

Fightin' Blue Hens Corporation

Classified Balance Sheet

for the year ends December 31, 2018

Details $ $

Fixed Assets

Equipment 200,000

Accumulated Depreciation (115,000)

Net Fixed Assets 85,000

Current Assets

Cash 10,000

Accounts Receivable 130,000

Prepaid Rent 4,000

Supplies 20,000

Total current assets 164,000

Current Liabilities

Accounts Payable (10,000)

Salaries Payable (9,000)

Interest Payable (3,000)

Working capital 142,000

Long-term Liabilities

Notes Payable (due in two years) (20,000)

Net Total Assets  207,000

Financed by:

Common stock 100,000

Retained Earnings 40,000

Earnings for the year 67,000

Stockholder Equity 207,000

Note: When a balance sheet is accurately prepared, the net total assets and the stockholder equity must be equal as above with both equaling $207,000.

6 0

3 years ago

If you own a business, the loan payment, rent, and your salary are examples of "

Effectus [21]

The general liabilities? could just be liabilities.

4 0

3 years ago

Read 2 more answers

Job-Order Costing Variables On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job total

Anika [276]

Answer:

1 $126

2 $140

3 90%

Explanation:

1. Overhead applied = Closing balance of job - (opening balance of job + prime cost added to the job during the month

= $1,921 - ($1,235 + $560)

= $1,921 - $1,795

= $126

2. Direct labor for job 46 for July.

Direct labor = prime cost / ( 3 parts of direct materials + 1 part of direct labor)

Direct labor = $560 / 4

Direct labor = $140

Therefore, direct labor for job 46 for July is $140

Direct materials for job 46 for July

= Direct labor cost × 3(This is due to the fact that prime cost includes 3 parts of direct materials

= $140 × 3

= $420

3. Overhead rate for the company

= [($126 / $140) × 100

= 90%

6 0

3 years ago

Suppose a firm that produces for this market is able to dump toxic chemicals into a river next to its factory, which poisons wil

DerKrebs [107]

Answer: an externality, market failure

Explanation:

Externality, simply refers to the gains and the costs that a third party gets due to the productivity or consumption activities of an individual or firm. In the above question, a negative externality occurs as the production of the firm has a negative effect on wildlife and the people living in the area.

In this case, the externality results in market failure which is due to the inefficiency with regards to the distribution of the goods in the free market.

7 0

3 years ago