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4 years ago

How do economists think private ownership most affects property maintenance??

1 answer:

8 0

The economists think about the pros and cons of the relation between the private ownership and the property maintenance. The property maintenance level depends on the level of the property owner responsibility which can affect the value of the property itself. There is a benefit to the private ownership if the private owner is a responsible one. A loss will occur if the private owner is not responsible.

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Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective contai

Dennis_Churaev [7]

Answer:

a. Dr Cash $948,000

Cr Liability for refundable deposits $948,000

b. Dr Liability for refundable deposits $873,000

Cr Cash $873,000

c. Dr Liability for refundable deposits $42,750

Cr Sale of containers $42,750

d. Dr Cost of goods sold $42,750

Cr Inventory of containers $42,750

2. $655,250

Explanation:

1. Preparation of Journal entries

Based on the information given we were told that the deposits collected on containers that were shipped was the amount of $948,000 which means that the Journal entry will be:

a. Dr Cash $948,000

Cr Liability for refundable deposits $948,000

b. Based on the information given we were told that the amount of $873,000 was refunded which means that the Journal entry will be :

Dr Liability for refundable deposits $873,000

Cr Cash $873,000

c. Based on the information given we were told that the deposits forfeited were the amount of $42,750 which means that the Journal entry will be :

Dr Liability for refundable deposits $42,750

Cr Sale of containers $42,750

Dr Cost of goods sold $42,750

Cr Inventory of containers $42,750

2. Calculation to Determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet.

Liability for refundable deposits, January 1, 2021 $623,000

Add: Deposits received during 2021 $948,000

Less: Deposits returned during 2021 ($873,000)

Less:Deposits forfeited during 2021 ($42,750)

Balance, December 31, 2021 $655,250

Therefore the liability for refundable deposits to be reported on the December 31, 2021, balance sheet will be $655,250

4 0

3 years ago

What describes the <br> overall aims of a buiness organization?

ElenaW [278]

Answer:

The answer is Mission statement.

Explanation:

A mission statement of an organization describes the overall aims of a business organization. Every company has its two statements, one is the mission statement and other is the vision statement. Vision statement describes the vision of the company, where as mission statement describes the overall goals of the organization. It gives information about the type of product it provides, its target market, its potential customers, the region where it is operated, etc. So the mission statement is the one which describes the overall aims of a business organization.

6 0

3 years ago

What strategy did president roosevelt use to restore america's confidence in government and the private banking system?

Klio2033 [76]

The strategy used by president Roosevelt to restore America's confidence in government and the private banking system was that, he reassured fireside talks on the radio.

Roosevelt fought to expand the role of the federal government in the nation's economy, and also embraced Keynesian economic policies. He also implemented a series of projects and programs called the New Deal to stabilize the economy.

Roosevelt called his radio talks about issues of public concern as fireside talks. These talks made Americans feel as if President Roosevelt was talking directly to them. He continued to use fireside talks throughout his presidency to address the fears and concerns of the Americans

Hence, these talks gave confidence to the American people to overcome their fears.

To learn more about Roosevelt here:

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5 0

2 years ago

The difference between the standard cost of a product and its actual cost is called a variance.

-Dominant- [34]

The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.

<h3>What is the objective of variance?</h3>

Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.

To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.

Therefore, the statement is True.

Learn more about Variance, here:

brainly.com/question/16269880

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7 0

2 years ago

Tab exchanges real estate used in his business along with stock for real estate to be held for investment. The stock transferred

sergeinik [125]

Answer:

Tab's realized gain = $110,000

Recognized gain = $5,000

The basis of the newly acquired real estate = $135,000

Explanation:

Data provided in the question:

The stock transferred has an adjusted basis = $45,000

Fair market value of stock = $50,000

The real estate transferred has an adjusted basis = $85,000

Fair market value of real estate transferred = $190,000

Fair market value real estate acquired = $240,000

Now,

Tab's realized gain

= Fair market value - adjusted basis of real estate transferred - adjusted basis of stock transferred

= $240,000 - $85,000 - $45,000

= $110,000

Recognized gain

= Fair market value of stock - Adjusted basis of stock transferred

= $50,000 - $45,000

= $5,000

The basis of the newly acquired real estate

= Fair market value real estate acquired - Deferred gain

also,

Deferred gain = realized gain - Recognized gain

= $110,000 - $5,000

= $105,000

thus,

The basis of the newly acquired real estate

= $240,000 - $105,000

= $135,000

6 0

3 years ago