4 years ago

What transactions that are include in sales and sales return journal?

1 answer:

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Sales journal, here goods that are sold on credit are recorded while in a sale return journal goods, initially sold on credit when returned are recorded here.

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The supreme court decision that struck down the quota system was

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The supreme court decision that struck down the quota system was the university of California versus Bakke.<span />

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Countries that export goods and services realize that it's an important source

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Answer is A. Debt. Or possibly revenue

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4 years ago

When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sol

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Answer:

Inelastic

Explanation:

When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be inelastic

1. Change in price = 2.75-1.5 / (1.5+2.75)/2 = 1.25/2.125 = 0.59

2. Change in quantity demanded = 375-250 / (375+250)/2 = 125/ 312.5 = 0.4

3. Price Elasticity = 0.4/0.59 = 0.68

4. When the value of elasticity is less than 1, it suggests that the demand is insensitive to price and is inelastic

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3 years ago

Fairview Hospitals has three divisions (service lines). They are General Clinics, Specialty Clinics and Pharmacy Services. The s

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Answer:

General Specialty Pharmacy

Sales $1,400,000 $600,000 $420,000

Variable cost $520,000 $360,000 $280,000

Contribution margin A $880,000 $240,000 $140,000

Fixed Expenses B $510,000 $420,000 $290,000

Net income/(Loss) (A-B) $370,000 ($180,000) ($150,000)

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3 years ago

Consider the market for wheat in Pakistan, illustrated in the graph at right. In recent years, the government of Pakistan has es

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Answer:

a. Annual consumer expenditure

9,000,000,000* $0.24= $2.16 billion

b. farmers receive for wheat production

19,000,000,000* $0.24=$4.56 billion

c. government expenditure on wheat

total production by farmers minus total purchase by consumers (because excess production is stored by the government)

$4.56 billion - $2.16 billion = $2.46 billion

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4 years ago