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geniusboy [140]
3 years ago
6

Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over

the next 6 weeks, the student has a math class and an English class, where getting an A in math would require the student to exert $111 worth of effort, while getting an A in English would require the student to exert $114 worth of effort. In this experiment, the student (would or would not) increase time studying for math, and the student (would or would not) increase time studying for English.
Business
1 answer:
kow [346]3 years ago
7 0

Answer:

<u>For Maths;</u>

<u>The student would increase time studying for maths.</u>

<u>For English;</u>

<u>The student would increase time studying for English.</u>

<u>Explanation:</u>

This is the case in both cases because there's a certainty that the student earns an A in both cases if he puts in the equivalent  $ amount worth of effort.

The student's ability to adapt to change comes under great test over the next  6 weeks in other to get an A in the math and English classes.

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Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash 33000 Accounts Receivable
kirza4 [7]

Answer:

Requirement 1. Prepare the income statement for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Income Statement

For the Month Ended July 31, 2018

Service Revenue $11,258

Salaries Expense -$1,500

Rent Expense -$1,200

Utilities Expense -$350

Net income $8,208

Requirement 2. Prepare the statement of owners equity for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Statement of Owner's Equity

For the Month Ended July 31, 2018

Sousa, Capital balance July 1, 2018       $22,000

Investment during month                                  $0

<u>Net income                                                 $8,208</u>

subtotal                                                     $30,208

<u>Withdrawals during the month                -$2,000</u>

Sousa, Capital balance July 31, 2018     $28,208

Requirement 3. Prepare the balance sheet &s of July 31, 2018.

Sandra Sousa, Registered Dietitian

Balance Sheet

For the Month Ended July 31, 2018

Assets:

Cash $33,000

Accounts Receivable $9,600

Office Supplies $2,200

Prepaid Insurance $2,800

Equipment $18,000

Total assets $65,600

Liabilities and equity:

Accounts Payable $3,100

Unearned Revenue $292

Notes Payable $34,000

Sousa, Capital $22,000

Retained earnings $6,208

Total liabilities and equity $65,600

Requirement 4. Calculate the debt ratio as of July 31, 2018.

debt ratio = liabilities / assets = $65,600 / $37,392 = 175.44%

debt to equity ratio = liabilities / equity = $37,392 / $28,208 = 132.56%

7 0
3 years ago
In regard to firm growth, evidence shows that ________. service firms tend to generate sustained growth while manufacturing firm
JulijaS [17]

Answer:

At least during the last couple of decades, service firms tend to generate sustained growth while manufacturing firms do not.

Explanation:

The last president that recorded a steady manufacturing growth rate was Bill Clinton.

Service firms are growing steadily and probably will continue to do it. While manufacturing firms have been slowing down, their growth rate (if any) is not very large during the past few years and that tendency has increased with the new trade barriers imposed by our government during the last couple of years.

Another thing that helps the growth of service firms is that when manufacturing firms or agricultural firms grow, they need more services, so service firms will grow even more.

6 0
3 years ago
At the beginning of the period, a company reports a balance in office supplies of $450. During the period, the company purchases
Hoochie [10]

Answer:

Explanation:

Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:

= Beginning balance of supplies + Purchase of supplies - ending balance if supplies

= $450+ $3,400 - $900

= $2,950

Now the journal entry would be

Supplies expense A/c Dr   $2,950

      To Supplies A/c                            $2,950

(Being supplies consumed recorded)

4 0
3 years ago
Identify which of the following statement(s) is (are) correct as to why accounting is important. (check all that apply.) manager
Dominik [7]

Answer:

The correct statements are A, B and C

Explanation:

Accounting plays a important role while running a business as it helps the company in keeping a track of expenditures as well as income, it ensures the statutory compliance.

Provide the owners, managers, investors and creditors reliable information so that could take the decisions.

It summarizes the information and help in conveying the information related to the firm activities.

It records as well as communicate the information regarding the business.

7 0
3 years ago
Norwing LLC is looking to fill its chief executive officer position as its current CEO will soon be retiring. Norwing receives a
Nikitich [7]

<u>Answer:</u> If Norwing does not hire him because he is an African-American, the company has engaged in ethnic discrimination.

<u>Explanation:</u>

Workplace discrimination is illegal which can be based on race, religion, gender, age, disability, nationality origin etc. Ethnicity discrimination means people are from different groups such as racial, religious linguistic basis.

Norwing LLC  has to only consider the skills and capability of the person to be in chief executive officer position. As Henry is the best-qualified applicant for the job the company has to consider in recruiting him rather than discriminate based on his ethnicity that is African-American or else the company has to face legal consequences.

4 0
3 years ago
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