1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonbull [250]
4 years ago
12

According to surveys, the largest expense of a typical American consumer is

Business
1 answer:
CaHeK987 [17]4 years ago
5 0

Answer: A. housing

Explanation: The largest expense of a typical American consumer is for housing, accounting for 20% of a family's total income in 2018. This is due to the fact that any expenditure on housing is related to basic needs of human.

You might be interested in
On January 1, 2005, Marcy Company purchased 1,000 shares of its own common stock for $22,000. On February 1, 2005, they sold 600
Nastasia [14]

Answer:  E) debit Contributed Capital, Treasury Stock, $1,800

Explanation:

Treasury stock was bought at price of;

= 22,000/1,000

= $22

Sold 600 for $25 so they made a profit of;

= (25 - 22) * 600

= $1,800

This gain was sent to Contributed Capital, Treasury Stock.

Now that stock is to be sold on March 1, it is sold at $15. Loss from initial purchase is;

= ( 22 - 15) * 400

= $2,800

Debit Contributed Capital, Treasury Stock of the maximum amount it can be debited of to reflect this loss which would be $1,800 which was gained in the February purchase. The rest of the loss will go to Retained earnings.

3 0
3 years ago
Jones, a consulting manager of Miller & Co., is considering membership on an audit client's board of directors. Jones does n
vfiekz [6]

Answer:

C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.

3 0
3 years ago
What is a major advantage of globalization?
Alja [10]

Answer:

A. Businesses are able to sell products to customers around the world.

Explanation:

3 0
3 years ago
Human resources is about trying to
Oliga [24]

Answer:

I think b is that the answer

4 0
3 years ago
4. You have determined that Company X estimates bad debt expense with an aging of accounts receivable schedule. Company X's esti
MariettaO [177]

Answer:

a. $180

Explanation:

Bad debt expenses is generally classified as Administrative expense and hence it is included in the expense section of the income statement before the calculation of the Net Income.

From the question it is evident that the write offs during the period were $180 and hence the expense recorded in the Income statement as bad debt expense would be $180 because they are unrecoverable for the current period.

Hope this helps.

Thanks buddy.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Cross Town Cookies is an all-equity firm with a total market value of $770,000. The firm has 46,000 shares of stock outstanding.
    6·1 answer
  • Prior to 1750 and the onset of Industrial​ Revolution, very little economic growth occurred in the world. What marks the beginni
    7·1 answer
  • Ronald is the sole owner of a fast food store. Over the past six months, his sales have fallen and the store has been running at
    13·1 answer
  • A tax that can be passed onto someone else is known as a/an _______ tax.
    7·1 answer
  • Under the previous​ CEO, Konica/Minolta's management determined it was time to invest in​ __________ by offering new products to
    15·1 answer
  • Six months ago, you purchased 2,700 shares of ABC stock for $44.81 a share. You have received dividend payments equal to $.50 a
    14·1 answer
  • Serengeti makes lightweight sunglasses with 100 percent UV protection for people who love to hunt, hike, and bike ride. Its plan
    10·1 answer
  • A student was asked to draw an aggregate demand and aggregate supply graphLOADING... to illustrate the effect of an increase in
    12·2 answers
  • A data warehouse is one or more very large databases containing both detailed and summarized data for a number of years and from
    7·1 answer
  • If an economy's population grows at 3 percent and real gdp grows at 2 percent, then:________
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!