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2 years ago

Rachel's paycheck stub shows an amount that was subtracted from her pay for health insurance. This is a _____.

Business

2 answers:

Andrew [12]2 years ago

8 0

Answer:

Deduction

Explanation:

Its what was taken away.

iogann1982 [59]2 years ago

3 0

If the ammount was substracted from her pay and was meant to be used in another thing like a payment that us a deduction from her payment. So it is the last option

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Coronado Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that

soldi70 [24.7K]

Answer:

$6745

Explanation:

Given: Beginning inventory is 77 units at the cost of $19 per unit.

Purchased inventory is 476 units at $19 per unit.

Sales during the month is 355 units at $45 per unit.

Now, let´s find the cost of goods sold using LIFO method.

We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.

As sales unit is 355 units.

Let´s take units from recent purchased inventory.

Cost of good sold= $355\ units\times 19= \$ 6745$

Hence, the cost of goods sold using the LIFO method is $6745.

7 0

2 years ago

"After a severe hurricane in South Carolina, the price of electric generators quadrupled. People living outside of South Carolin

Alona [7]

Answer:

Arbitrage

Explanation:

Arbitrage occurs when the same good sells for different prices at different market. This price difference allows market participants to earn riskless profit .

In this case, the generator is more expensive in South Carolina when compared with other places. Thus, in order to earn riskless profit, people would buy where it is cheaper and sell at South Carolina where it is more expensive.

Economic theory suggest that if this kind of buying continues, soon the prices would be the same in both markets .

I hope my answer helps you

5 0

2 years ago

Read 2 more answers

There are two main ways to measure social inequality, they are: Inequality of conditions refers to the unequal distribution of i

butalik [34]

Answer:

True.

Explanation:

Social inequality can be defined as an existence of unequal rewards and opportunities for different social status or classes within a group of people in a society.

Generally, social inequality is peculiar to a society that is grouped based on race, hierarchy of class, religion, culture and gender. A social inequality is characterized by unequal distribution of wealth, punishment, rewards, opportunities and goods or services to the various classes.

There are two main ways to measure social inequality, they are:

1. Inequality of conditions: refers to the unequal distribution of income, wealth, and material goods.

2. Inequality of opportunities: refers to the unequal distribution of life chances across individuals.

4 0

2 years ago

A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increa

Anettt [7]

Answer: Option (d) is correct.

Explanation:

Given that,

Net Income = $252,327

Depreciation expense = $21,821

Accounts Receivable increased by = $14,346

Inventory increased by = $33,617

Prepaid Expenses decreased by = $3,079

Accounts Payable decreased by = $4,161

Loss on the sale of equipment = $5,398

Operating Income = Net Income + Depreciation expense - Accounts Receivable - Inventory + Prepaid Expenses - Accounts Payable + Loss on the sale of equipment

= $252,327 + $21,821 - $14,346 - $33,617 + $3,079 - $4,161 + $5,398

= $230,501

7 0

2 years ago

During 2018, its first year of operations, Pave Construction provides services on account of $154,000. By the end of 2018, cash

seraphim [82]

Answer:

Bad debts expenses Debit $ 11,750

Allowance for uncollectible receivables Credit $ 11,750

Explanation:

The allowance for uncollectible accounts receivables balances are calculated as a percentage of the receivable balance.

The receivable balances as at December 31, 2018 is

Services provided on account $ 154,000

Cash collections received <u>$ 107,000</u>

Receivables from services uncollected <u>$ 47,000</u>

Estimated percentage considered uncollectible 25 %

Allowance for uncollectible accounts $ 47,000 * 25 % = $ 11,750

6 0

2 years ago