All categories

3 years ago

Below are the account balances for Cowboy Law Firm at the end of December.

Business

1 answer:

drek231 [11]3 years ago

6 0

Answer:

<u>Cowboy Law Firm</u>

<u>Income statement for the year ended December.</u>

Service revenue 8,900

Less Expenses :

Salaries expense (2,000)

Utilities expense (1,100)

Net Income / (Loss) 5,800

Explanation:

Income statements shows Revenues earned and Expenses incurred at the end of the trading period.

You might be interested in

During the financial crisis of 2007-2008, the Fed engaged in lending to certain large non-bank financial firms in the private se

Delvig [45]

Answer: D. The Fed wanted to limit the inflation risk inherent among financial institutions.

Explanation: An alternative lender, or non-traditional lender, is a loan provider, often a short-term loan lender that is often not heavily regulated by state or federal agencies. ... Secured loans typically have lower interest rates than unsecured non-traditional loans because they minimize the lender's risk of loss.

6 0

3 years ago

Read 2 more answers

Present value (with changing interest rates). Marty has been offered an injury settlement of $12 comma 000 payable in 3 years

lesantik [10]

Answer:

If opportunity cost is 5%, PV=10,366.05

If opportunity cost is 6.5%, PV=9,934.19

If opportunity cost is 11.5%, PV=8,656.79

Explanation:

PV=Σ $(\frac{CF_{t} }{(1+i)^{t} })$

If opportunity cost is 5%: PV = $\frac{12,000 }{(1+0.05)^{3} }$ =10,366.05

If opportunity cost is 6.5%: PV = $\frac{12,000 }{(1+0.065)^{3} }$ =9,934.19

If opportunity cost is 11.5%: PV = $\frac{12,000 }{(1+0.115)^{3} }$ =8,656.79

8 0

3 years ago

Firm A is a new producer in the market for good X, which is characterized by linear demand and supply curves. Initially, to attr

Dafna1 [17]

Answer:

E. He is not accounting for the new consumers who will benefit from being able to consume the product.

Explanation:

With the increase in price of product, Demand equals Supply i.e., no shortage exists in the market. Thus, the equilibrium level is achieved at price of $ 10. Further, The most important advantage of increasing the price in the given question is that shortage which exists earlier no longer remains now which will benefit all the consumers including some new consumers as they will able to get the sufficient number of quantities of product for the consumption now. Financial Head of Firm is ignoring the new consumers who will benefit from able to consume the product.

Therefore, He is not accounting for the new consumers who will benefit from able to consume the product.

3 0

3 years ago

(q.d) have you been an appointee or employee of any regulator at any point over the past two years?

Anna [14]

<span>I have not been an appointee of employee of any regulator at any point in the past two years. I have worked as an independent contractor for a computer company for the last 5 years. Since a regulator company is one that usually involves systematic schemes and benefits to the employee, my emoployer would not fall into the category.</span>

4 0

3 years ago

the marketing mix, often known as the four ps of marketing, represent areas that a firm can adjust to influence demand for its g

GrogVix [38]

if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the <u>Price in marketing mix</u>.

<h3>What is a marketing mix?</h3>

In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.

The four elements of marketing mix are often called 4 'Ps' and includes:

price
product
promotion
place.

In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,

<u />