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Ivahew [28]
3 years ago
14

Subsidiary ledgers ______.

Business
1 answer:
goldenfox [79]3 years ago
6 0

Answer:

The correct answer is letter "B": may be used for various general ledger accounts.

Explanation:

Subsidiary ledgers are used in the record-keeping of large companies when transactions of an account should be reported in detail but the information size is overwhelming. Usually, subsidiary ledgers are implemented in sales firms. The subsidiary ledger is part of a general account that is frequently posted so only general precise information is recorded in the general account.  

<em>Examples of subsidiary ledgers are Accounts Payable Ledger, Accounts Receivable Ledger, Purchases Ledger, and Inventory Ledger just to mention a few.</em>

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Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering
goldenfox [79]
Ellie would have annual expenses of $15000+$3000+$1000+$1200+$35000=$55,200. If she cashed in her $20.000 deposit then her balance owing would be $35,200 so she would have to make at least this much or preferably the $55,200 to break even., 
7 0
3 years ago
A buyer is interested in buying a home in an older neighborhood where new sidewalks have just been installed. The buyer contacts
rusak2 [61]

What this agent has to do should be to advise the buyer that there may be special assessments levied against property.

<h3>Who is a house agent?</h3>

This is a person that acts as a third party to a person that wants to buy or rent a house and the person that is giving out the property.

The agent here has to tell the buyer that the reason for these taxes is the fact that there are other levies on the property.

Read more on house agents here:brainly.com/question/13957036

4 0
2 years ago
In the perfectly competitive gadget industry there are 10 firms with identical costs given by C = 500 + 20q + q2, none of which
IgorC [24]

Answer:

The explanation is below

Explanation:

A.  Shutdown point is achieved when price equal AVC. when price lowers than the AVC, firm shutdown.

VC = q^2

AVC = q

So,

P = q is the shutdown point.

B.  For profit maximizing level of output,

P = MR = MC

500 = 20 + 2q

q = 240 units

So, profit maximization level of output = 240 units

C.  Firm level supply curve = MC curve above the shutdown point

Number of firms = 5

So,

Industry supply curve = 10*MC = 200+20Q

Industry supply curve = 200+20Q

It shows that MC curve above the shutdown point is supply curve.

4 0
3 years ago
In a small, closed economy, national income (GDP) is $ 500.00 million for the current month. Individuals have spent $ 300.00 mil
alexdok [17]

Answer:

The total investment in the economy is $50 million

Explanation:

The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)

Using this formula we can determine the amount of investment.

Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.

4 0
3 years ago
Dr. G, the principal at Westside High School Academy, is worried that the students who win academic awards might also be more li
rosijanka [135]

No, Dr G has nothing to worry about because only 8 students won the academic as well as fine arts award out of 128 academic award winners. This corresponds to very low percentage of joint winners out of just academic award winners (0.0625%)

Explanation:

Total students in the Westside High School- 768

Winner of academic awards- 128

Winner of fine arts awards- 48

Students who won both awards- 8

Dr G pre assumption= Dr G was worried that winner of academic awards would win fine awards more likely.

But it seems that his assumtions are wrong since only 8 students out of 128 students won joint awards (meaning only 8 students won awards for fine arts as well as academic awards). Similarly, this corresponds to only 0.0625% of students winning academic awards as well as Fine arts awards.

8 0
3 years ago
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