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3 years ago

Tariffs, quotas and subsidies are examples of

Business

1 answer:

JulsSmile [24]3 years ago

7 0

I believe the answer is just Trade Barriers, sorry if there's more, I can't think of another.

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On March 1, Young Co. borrowed $1,000 by extending their past-due account payable with a 120-day, 6% interest-bearing note. On J

tamaranim1 [39]

Answer:

This entry would be recorded by Young with a credit to <u>cash account</u> in the amount of <u>$1,020</u>.

Explanation:

The complete journal entry for June 29 should be

Dr Notes Payable account 1000
Dr Interest Expense account 20
Cr Cash account 1020

The total interest due = $1,000 x 6% x 4/12 =$20

Notes payable is a liability account and it decreases, so it should be debited.

All expenses are debited.

Cash is an asset account and it decreases, so it should be credited.

7 0

3 years ago

What is the term used to describe a temporary low supply of a good or service?.

Leviafan [203]

Answer:

That would be a shortage.

3 0

3 years ago

An income statement under absorption costing includes all of the following: (You may select more than one answer. Single click t

Vinvika [58]

Answer:

An income statement under absorption costing includes all of the following:

Direct materials

Direct labor

Variable overhead

Fixed overhead

Explanation:

The difference between the income statement under the absorption costing system and the income statement under the variable costing system is in how the cost of goods sold and the ending inventory are evaluated. Whereas, absorption costing includes all the costs incurred in determining these costs, variable costing only includes the variable costs in the cost of goods sold and the ending inventory.

6 0

3 years ago

At the beginning of the year, an investment fund was established with aninitial deposit of 1,000. A new deposit of 1,000 was mad

nataly862011 [7]

Bonjour,

answer is
e. 18.57%

6 0

3 years ago

Sand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January

Yakvenalex [24]

Answer:

Explanation:

Contibution margin means the selling price minus the variable cost incurred on the product. Is the ability of the firm to cover its variable cost with the revenue.

Contribution margin = Sales revenues - Variable expenses

Sales revenue per unit = $94,600 / 4,300 units

Sales revenue per unit = $22

Variable expenses per unit = $47,300 / 4,300 units

Variable expenses per unit = $11

Contribution margin (4,900 units) =Sales revenues (4,900 units) - Variable expenses (4,900 units)

Contribution margin (4,900 units) = ($22 * 4,900 units) - ($11* 4,900 units)

Contribution margin (4,900 units) = $107,800 - $53,900

Contribution margin (4,900 units) = $53,900

5 0

3 years ago