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Alexxx [7]
3 years ago
12

Dynamic production services started the year with total assets of? $130,000 and total liabilities of? $50,000. the company is a

sole proprietorship. the revenues and the expenses for the year amounted to? $100,000 and? $60,000, respectively. during the? year, there were no new capital contributions and the owner withdrew? $45,000. calculate? dynamic's net income for the year.
Business
1 answer:
lana66690 [7]3 years ago
6 0
Dynamic Production Services net income for the year is $40,000.00
[$100,000.00 (revenues) - $60,000.00 (expenses) = $40,000.00]

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All else equal, which of the following would tend to cause real GDP per person to rise? a. a change from inward-oriented policie
bagirrra123 [75]

Answer:

The correct option is D

Explanation:

GDP (Gross Domestic Product) is the monetary amount of all the finished goods and services which is made within a country during a particular period. It measures or evaluates the value of the economic activity within a country.

Rise in GDP could be because of the strengthening in the property rights, increase in the investment in human capital and change from inward oriented policies to the outward policies.

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8 0
3 years ago
The economic system that is used in america in which most of the businesses are owned by the people instead of the government is
tensa zangetsu [6.8K]
The economic system that is used in the United States of America in which most of the businesses are owned by the people instead of the government is a mixed economy.

The keyword in this statement is "most" because not all businesses in the United States are owned by the people, some are government owned; the mixture of this ownership in an economy is what defines that economy as a "mixed economy."
7 0
4 years ago
Lester's just signed a contract that will provide the firm with annual cash inflows of $28,000, $35,000, and $42,000 over the ne
Free_Kalibri [48]

Answer:

$64,474.20

Explanation:

As for the information provided,

discount rate = 7.25%

First payment will be made at the end of year 1

Discounting factor = \frac{1}{(1+0.0725)^1} = 0.9324

Thus, current value of payment = 28,000 \times 0.9324 = $26,107.20

Discounting factor for receipts =

Year 1 = \frac{1}{(1+0.0725)^1} = 0.9324 = $28,000 \times 0.9324 = 26,107.20

Year 2 = \frac{1}{(1+0.0725)^2} = 0.8694 = 35,000 \times 0.8694 = 30,429

Year 3 = \frac{1}{(1+ 0.0725)^3} = 0.8106 = 42,000 \times 0.8106 = 34,045.20

Therefore, value of contract today = - $26,107.20 + $26,107.20 + $30,429.0 + $34,045.20 = $64,474.20

5 0
3 years ago
The "market clearing price" is most closely associated with
mel-nik [20]

The market clearing price is the price that balances the amount buyers want to buy with the amount sellers want to sell. This price balances the amounts demanded and supplied. The "market clearing price" is most closely associated with market equilibrium, because it exists when a market is clear of shortage and surplus, or is in equilibrium, when the demand curve and supply curve intersect.

4 0
3 years ago
Read 2 more answers
4.The following information is available for Lock-Tite Company, which produces special-order security products and uses a job or
mojhsa [17]

Answer:

The overview of the problem is listed throughout the section below on explanation.

Explanation:

The Journal entry is given below:

<u>No       Transaction        General journal      Debit($)    Credit($)</u>

1                 1                Overhead of factory   120000      

                                  Some other accounts                    120000

2               2           Process inventory's work  185500

                           (345000-80000)\times 70 \ percent                      

                                  Overhead of a factory                    185500

8 0
3 years ago
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