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3 years ago

An economy that has government collecting taxes and making regulations is called a

Business

1 answer:

Zina [86]3 years ago

3 0

Answer:

If I recall it may be called Revenue.

Explanation:

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Abraham’s Eatery uses a lunch box supplier that has a sales rep come by weekly to order boxes. Abraham wants a 98% service level

fredd [130]

Answer:

There is no enough information to answer this question

Explanation:

5 0

3 years ago

Acquired $60,000 cash from the issue of common stock. Received an $8,200 cash advance for services to be provided in the future.

emmainna [20.7K]

Answer:

TRIAL BALANCE:

Debit Credit

Cash 79600

AR 7500

Supplies 400

slaries expense 3100

op- expense 16100

supplies expense 1600

dividends 2000

Account Payable 3000

saalaries expense 3100

Unearned Revenue 5100

Common Stock 60000

Service revenue 39100

110300 110300

Explanation:

We have to record eahc time an accoutn is used and once we got all transactions we determiante the balance

Cash

Debit Credit

60000

8200

28500

15100

2000

96700 17100

79600

Debit Credit

36000

28500

7500

Supplies

Debit Credit

2000

1600

400

salaries expense op- expense supplies expense

Debit Credit Debit Credit Debit Credit

3100 16100 1600

Account Payable

Debit Credit

2000

16100

15100

15100 18100

3000

Salaries Payable

Debit Credit

3100

Unearned Revenue

Debit Credit

8200

3100

5100

Common Stock

Debit Credit

60000

Service revenue

Debit Credit

36000

3100

39100

Then we construct the trial balance which all these account balance.

5 0

3 years ago

The Herman Company uses a joint process to produce products W, X, Y and Z. Each product may be sold at its split-off point or pr

Gala2k [10]

Answer:

W: positive contribution of 6,000

Z: positive contribution of 1,000

X: negative of 1,000

Y: negative of 6,500

Explanation:

value at the end- value at split off = value added for processing:

value added - addtional cost = advantage/disadvantage of processing

W (22,500- 7,500) - 9,000 = 15,000 - 9,000 = 6,000

X (20,000 - 13,5000) - 7,500 = 6,500 - 7,500 = (1,000)

Y (15,000 - 9,000) - 12,500 = 6,000 - 12,500 = (6,500)

Z (12,500 - 6,500) - 5,500 = 6,000 - 5,500 = 1,000

7 0

3 years ago

In 2007, Wagner Associates appropriated $65,000 of retained earnings to satisfy the restrictive covenant of a loan agreement. Wh

Dmitry [639]

Answer:

The financial statements effects of the appropriation are as follows:

a) Retained Earnings will reduce by $65,000 in the Income Statement and the Balance Sheet.

b) Cash balance will also reduce by $65,000 in the Balance Sheet.

Explanation:

Normally, partnerships can distribute or appropriate their profits according to their partnership agreements. However, there may be restrictive loan covenants that can specify how much profits partnerships can distribute among the partners. The purpose of such covenants is to ensure that the ability of the partnership to repay loans are not compromised through profit appropriations.

Financial institutions, therefore, to secure the loans advanced to businesses may include restrictive covenants. Some restrictive covenants may specify the minimum cash balance to maintain. Restrictive covenants, generally, remain measures to overcome unwanted business outcomes. It is a form of insurance against loan repayments.

8 0

3 years ago

Read 2 more answers

A person buys X in one market and combines it with Y purchased in another market. The combination of X and Y gives Z, which the

Sindrei [870]

Answer:

arbitration

Explanation:

Arbitration occurs when the price of a security or a commodity varies significantly between different markets. For example, I purchase gold in the United Kingdom at a lower price than in the United States, and I bring it to the United States and make a profit. Arbitration opportunities result from market inefficiencies and a lack of a single price.

8 0

3 years ago