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3 years ago

Producers sell goods or services for a profit. True False

Business

2 answers:

slamgirl [31]3 years ago

7 0

I think it would be false why would the producers sell good stuff or service

vekshin13 years ago

5 0

Yes a producer would sell items to gain a profit. A consumer is the person that is buying the producer is the one selling.

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Granfield Company has a piece of manufacturing equipment with a book value of $35,500 and a remaining useful life of four years.

Doss [256]

Answer: Option (e) is correct.

Explanation:

Given that,

Book value of manufacturing equipment = $35,500

Current market value of equipment = $21,100

Cost of new machine = $111,000

cash received from trading old machine = $21,100

Variable manufacturing costs of new machine reduce by $18,100 per year over the four-year =

Total increase/decrease in net income = Cost of new machine + cash received from trading old machine + Reduction in Variable manufacturing costs

= ($111,000) + $21,100 + $18,100 × 4

= ($17,500)

Note: Bracket represents the negative values.

∴ The total decrease in net income by replacing the current machine with the new machine is $17,500.

7 0

3 years ago

Use the information presented in Southwestern Mutual Bank's balance sheet to answer the following questions. Bank's Balance Shee

lord [1]

Answer:

Southwestern Mutual Bank

This would increase the loans account and the deposit account by $100 respectively.

Explanation:

a) Data and Calculations:

Southwestern Mutual Bank

Balance Sheet

Assets Liabilities and Owners' Equity

Reserves $150 Deposits $1,200

Loans $600 Debt $200

Securities $750 Capital (owners' equity) $100

Total assets $1,500 Total liabilities + equity $1,500

New customer deposit = $100

New loans made by the owners = $100

3 0

3 years ago

Approximately ________ percent of the federal budget is in the mandatory spending category

Goshia [24]

The answer is 9%. According to the CBO, defense expenditure grew 9% yearly on average from fiscal year 2000-2009. Much of the costs for the conflicts in Iraq and Afghanistan have not been subsidized through regular arrogations bills, but over emergency supplemental appropriations bills.

6 0

3 years ago

Which of the following methods is useful for recovering stolen property

Tju [1.3M]

Since you didn't give any methods to choose from, I will post several that can help a person recover their stolen goods. Contacting the police is the best way to recover your goods. A person should always write down serial numbers of their items such as electronics, guns, etc. The police should document and recover any physical evidence left at the crime scene. If you have jewelry in your home, you should always have a picture of all the jewelry to aid in the recovery. <span />

5 0

3 years ago

Read 2 more answers

Refer to Stevenson, Ross, and Warner. Which of the following represents a key component of the Sarbanes-Oxley Act relating to co

antoniya [11.8K]

Answer:

The correct answer is B. Accounting firms are prohibited from providing many types of consulting services to the companies they audit.

Explanation:

The main reason for this policy is that it does not allow conflicts of interest to arise that eventually produce widely known cases of fraud, such as those presented at the Enron and Worldcom companies.

The Enron case broke out in the U.S. when that energy giant announced what was once the biggest bankruptcy in the history of the country, with a debt of 31,000 million dollars, something overcome a few months later by the collapse of another colossus, WorldCom.

In June 2002 WorldCom, the second US telephone. and of the world, he admitted that he had lied in his accounting books for almost 4,000 million dollars and his actions - which shortly before touched his maximum of 16 dollars - collapsed to 20 cents. His bankruptcy exceeded Enron's: $ 35 billion of liabilities.

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3 years ago