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4 years ago

How does a business contribute to the country's economy?

1 answer:

4 0

Well...if your thinking money wise, there are many businesses that run just for making a change in the world...have you ever heard of hubs? its a food store that only sells locally raised meats and chicken eggs, even honey that was made nearby! Ever heard of the Plastic Reunion its a store that sells bags and purses made out of plastic! Plus you can donate many of your plastic bags from Walmart or City market and they will create bags out of them!

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the journal entry used to record the issuance of a discounted note for the purpose of borrowing funds for the business is:

Firdavs [7]

Answer:

Debit Cash and Interest Expense; Credit Notes Payable.

Explanation:

This Journal entry would increase Cash, Interest Expense; and Notes Payable. For example, a borrower would receive $9,901 (proceeds) for a $10,000 (face value) note discounted $101 the journal entry would be debit Cash $9,901, debit Interest Expense $101 and credit Notes Payable $10,000.

8 0

3 years ago

Creative Camera Co. sold equipment with a cost of $ 18 comma 000 and accumulated depreciation of $ 9 comma 000 for an amount tha

umka2103 [35]

Answer:

d. Some other amount - $11,000

Explanation:

Investing activities: It records those activities which include purchase and sale of the long term assets . The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash

The computation of the sale of plant assets is shown below:

= Sale value of equipment - accumulated depreciation + gain on sale of equipment

= $18,000 - $9,000 + $2,000

= $11,000

4 0

3 years ago

The steps a company can take toward enhancing corporate ethics include

anygoal [31]

<span>The steps a company can take toward enhancing corporate ethics include developing and enforcing ethics codes. These ethics codes are determined by the respective organization to indicate and show the employees what manners and behavior to exhibit in the place of work.</span>

4 0

3 years ago

Decide if the following probability is classical, empirical, or subjective.

wlad13 [49]

Answer:

Classical probability

Explanation:

Classical probability is calculated only when all possible outcomes in the sample space are down and equally likely to occur. It is the probability of known events or events whose resulting probabilities are definitive

For example, students are either left-handed, right-handed or ambidextrous

Subjective probability is a guess on the likelihood an event would occur.

Experimental probability is the probability derived by repeatedly carrying out an experiment and recording the outcomes

5 0

3 years ago

Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials co

pickupchik [31]

Answer:

Option (B) $3,570 unfavorable

Explanation:

Data provided in the question:

Direct materials standard (6 lbs. @ $2/lb.) = $ 12 per finished unit

Actual direct materials used = 243,000 lbs.

Actual finished units produced = 40,000 units

Actual cost of direct materials used = $483,570

Now,

Total direct materials variance

= Budgeted cost of direct material - Actual cost of direct materials used

= ( 40,000 × $12 ) - $483,570

= $480,000- $483,570

= - $3,570

The negative value depicts Unfavorable

Hence,

Option (B) $3,570 unfavorable

5 0

3 years ago