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Gwar [14]
3 years ago
10

Mayes Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,800

, Service Revenue $9,200, and zero balances in related balance sheet accounts. Prepare the adjusting entries at April 30 assuming: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) $700 of supplies on hand and (b) $3,000 of service revenue should be reported as unearned.
Business
1 answer:
Vikki [24]3 years ago
6 0

Answer:

a I honestly don't know my brothers

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During December, Far West Services makes a $2,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
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This long of a question for onmly 10 points? But ill answe rit anyway. 48000299 the 200

Explanation:

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Which of the following scenarios demonstrates the leverage effect on net operating income due to the existence of fixed costs?
morpeh [17]

Answer:

C) A 25% increase in sales resulting in a 30% increase in net operating income.

7 0
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Which is a disadvantage of withdrawing more money than is available in a checking
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B

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If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) us
nadezda [96]

Answer:A. 5 to 10%

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The smoothing constant is variable that is used in time series analysis According to exponential smoothing.

The smoothing constants help to determine how the historical series values are weighed.

THE SMOOTHING CONSTANTS ARE USED IN FORCASTING AS THEY HELP TO ENSURE EFFICIENT FORCASTS.

3 0
3 years ago
describe the difference between autonomous expenditure and induced expenditure. Which sectors of the economy are assumed to have
Vika [28.1K]

Answer:

The difference between autonomous expenditure and induced expenditure is as follows:

The autonomous expenditure is incurred even without a disposable income.  The expenditure is incurred to provide basic necessities of life.  In such a situation, the person spends from savings account or borrows to ensure that the basic necessities are provided.

On the other hand, induced expenditure is a disposable income-based expenditure.  This implies that when disposable income rises, induced expenditure also rises, and vice versa.  Induced expenditure is usually incurred to fund normal goods and services and not necessities.  Without disposable income, there is no induced expenditure.

All the four sectors of the economy engage in these expenditures.  The public (government) and household sectors are mostly affected.  However, even the business and non-profit sectors are also affected by these types of expenditure.

Explanation:

We can distinguish between two types of aggregate expenditure.  The first one is autonomous aggregate expenditure, which does not vary with the level of real GDP while induced aggregate expenditure varies with real GDP.

3 0
2 years ago
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