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Mrrafil [7]
3 years ago
14

The balance sheet reports the A. financial position on a specific date. B. financial position for a specific period. C. results

of operations on a specific date. D. results of operations for a specific period
Business
1 answer:
MakcuM [25]3 years ago
5 0

Answer:

c

Explanation:

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Taxes make up the<br> what income.
iren2701 [21]

Answer:

Federal Revenue

Explanation:

These revenues come from three major sources: income taxes paid by individuals: Payroll taxes paid jointly by workers and employers.

6 0
3 years ago
Betty and Karen have been hired to paint the houses in a new development. Working together, the women can paint a house in two-t
Aliun [14]

Answer:

6 hours

Explanation:

Let k = time it takes Karen to paint the house alone

then  according to the question,

(2/3)(k)(1/k + 1/12) = 1

⇒(2k/3)(1/k + 1/12) = 1

⇒(2k)(1/k + 1/12) = 3

⇒(2 + k/6) = 3

Multiplying both sides by 6:

12 + k = 18

k = 6 hours

therefore Karen takes 6 hours to complete the Task.

8 0
3 years ago
A monopolistically competitive firm faces a __________ demand curve and so it is a price __________. group of answer choices
poizon [28]

A monopolistically competitive firm faces a downward sloping demand curve and so it is a price searcher.

The demand curve for monopolistically competitive firm will be considerably more elastic than the demand curve that a monopolist faces because the monopolistically competitive firm has  a very less control over the price that it can charge for its output.

The firm's control over its price will largely depend on the degree to which its product is differentiated from competing firms' products.

The monopolistically competitive firm will be a price‐searcher rather than a price‐taker because it faces a downward‐sloping demand curve for its product.

To know more about  monopolistically competitive firm here:

brainly.com/question/17241373

#SPJ4

7 0
1 year ago
A company purchased $270,000 in supplies during the year. The supplies account increased by $10,000 during the year to an ending
Arte-miy333 [17]

Answer:

$260,000

Explanation:

Ending Balance of Supplies = $66,000

Beginning balance of Supplies = $66,000 - $10,000 = $56,000

Ending Balance of Supplies = Beginning balance of Supplies + Purchases for the period - Expense in the period

$66,000 = $56,00 + $270,00 - Expense in the period

Expense in the period = $260,000

The adjusting entry to supplies expense was $260,000.

7 0
3 years ago
An investment of $100,000 is worth $105,000 after 3 months. If the investment keeps growing at the current rate, at the end of o
Zarrin [17]

Answer:

C 21.55%

Explanation:

The investment grows by 5% in three months and assuming that the investment earns 5% for every three months (every quarter). Therefore every quarter investment earns 5%. The annualized return is calculated as follows:

Annualized return = (1 + periodic return) * (1 + periodic return).... -1 * 100

Annualized return =( 1.05 * 1.05 * 1.05 * 1.05) - 1 * 100

Annualized return = 21.55%

8 0
3 years ago
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