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3 years ago

Why do you think wants is less important?

Business

1 answer:

viktelen [127]3 years ago

3 0

Answer:

Wants is less important because you don't need it/them to survive, you can live with only your needs, you should only get your wants only if you can afford it and still have enough money for needs.

Explanation:

I don't know if that made sense lol

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When boating at night, what does a single white light on a boat tell you?

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The white light shows the location of the boat and is required on all motor powered boats
Red and green tell what direction the boat is facing

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3 years ago

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You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $5

Misha Larkins [42]

Answer:

$50

Explanation:

As per previous balance method the Interest is charged based on the opening balance of the Credit Card.

As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.

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3 years ago

The Bureau of Labor Statistics reported the consumer price index as 229.6 in December 2012, and 246.5 in December 2017. By what

slega [8]

Answer:7.4%

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3 years ago

Skysong Company purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in ca

adell [148]

Answer:

(a) has commercial substance

Electric wax melter 5,720 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Profit on exchange of old gas model 320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

(b) lacks commercial substance

Electric wax melter 5,390 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

Explanation:

In terms of IAS 16, if an exchange of non-monetary item has commercial substance the Asset Acquired is measured at the Fair Value of Asset Given up or Fair Value of Asset Acquired.

However if an exchange of non-monetary item lacks commercial substance the Asset Acquired is measured at Carrying Amount of Asset Given up and there would no be any gain or loss on the exhange of asset given up.

(a) has commercial substance

Electric wax melter 5,720 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Profit on exchange of old gas model 320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

(b) lacks commercial substance

Electric wax melter 5,390 (debit)

Accumulated depreciation :old gas model 6,930 (debit)

Old gas model : cost 12,320 (credit)

Electric wax melter 11,000 (debit)

Cash 11,000 (debit)

5 0

4 years ago

The correct amount of prepaid insurance shown on a company's December 31, 2018, balance sheet was $900. On July 1, 2019, the com

sleet_krkn [62]

Answer:

The amount of insurance expense that should appear in the company's 2019 income statement is $1,000

Explanation:

The computation of the insurance expense is shown below:

= Beginning balance of prepaid expense + Additional insurance premium - ending balance of prepaid expenses

= $900 + $600 - $500

= $1,000

For computing the accurate value we added the opening balance of prepaid expenses, additional premium and deducted the ending balance of the prepaid expenses

8 0

3 years ago

Why do you think wants is less important?​

Why do you think wants is less important?