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andrezito [222]
3 years ago
12

1. When you spend more than you make, you have a(n) _____?

Business
2 answers:
Y_Kistochka [10]3 years ago
7 0
I think the correct answer from the choices listed above is option A. When you spend more than you make, you have a deficit. <span>In economics, a </span>deficit is<span> an excess of expenditures over revenue in a given time period. Hope this answers the question. Have a nice day.</span>
Alik [6]3 years ago
3 0

When you spend more than you make, you have a deficit. Correct answer: A Deficit occurs when expenses exceed revenue, imports exceed exports, or liabilities exceed assets and it is an indicator of financial health. Surplus on the other hand is the opposite of deficit.

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Skysong, Inc. reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 250 $5 $ 1,250 12 Purchas
ziro4ka [17]

Answer:

Weighted average unit cost =  $8.78

Explanation:

<em>The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received. or every new batch received the average cost per unit is re-computed by dividing the total value of stock by the outstanding number of units.</em>

The explanation is completed using calculation below:

Total value of stock = (250× $5)   +  (500×$9) + (375 × 11)  = $9,875

Total units of stock = 250 + 500 + 375 = 1,125  units

Weighted average unit cost = Total value of stock / total units of stock

                                        =  $9875 / 1125 units = $8.78

Weighted average unit cost =  $8.78

5 0
3 years ago
The amount of a company’s sales revenue that remains after subtracting the “cost of goods sold,” a standard accounting measure o
Alborosie

Answer:

you can use both. but not sure.

3 0
3 years ago
If tommy has two polo shirts and one gets stained and he throws it away how much polo shirts is he left with ?
notsponge [240]
He has one left....
6 0
3 years ago
On August 1 of Year 1 Accounting Associates (AA) collected $1,200 cash for consulting services to be provided for one year begin
igor_vitrenko [27]

Answer:

c) Unearned Revenue $ 500, Revenue $ 500

Explanation:

When the cash was received on August 01, no accounting services were provided so the  entry would have been:

Cash Debit                                 $ 1,200

Unearned revenue Credit                          $  1,200

Unearned Revenue is a liability account

On December 31, a recognition needs to be made for the services revenue earned and hence the amount for 5 months amounting is debited to  unearned revenue and revenue credited with $ 500.  

6 0
3 years ago
According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was
solmaris [256]

Answer:

Credit to salaries payable of $364,500

Explanation:

There is important to undestand some vocabulary for business aproach.  

A credit to salaries are the amount that the companies owed to their employees.

3 0
3 years ago
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