A firm that has the ability to control to some degree the price of the product it sells

Create a Crow's Foot ERD for each of the following descriptions. (Note: The word many merely means "more than one" in the databa

Lubov Fominskaja [6]

Answer:

Explanation:

an entity relationship diagram is a graphical representation of entities and their relationship to each other. it is usually used for business needs.

see more information to the question below in the attachment.

7 0

4 years ago

Practice Makes Perfect Inc. was started on July 1 of the current year. Practice Makes Perfect provides piano lessons for student

Natalka [10]

Answer:

I used an excel spreadsheet to record this transactions on an accounting equation.

Practice Makes Perfect, Inc.

Income Statement

For the month ended July 31, 202x

Revenues $2,000

Expenses:

Advertising expense $500
Rent expense $1,000
Wages expense $1,000
Supplies expense $300
Depreciation expense $750
Interest expense $417 <u> ($3,967)</u>

Net income ($1,967)

Practice Makes Perfect, Inc.

Balance Sheet

For the month ended July 31, 202x

Assets:

Cash $99,783
Accounts receivables $1,800
Supplies $1,700
Pianos $47,250

Total assets $150,533

Liabilities:

Accounts payable $2,500
Notes payable $50,000

Total liabilities $52,500

Stockholders' equity

Common stock $100,000
Retained earnings ($1,967)

Total stockholders' equity $98,033

Total liabilities + equity $150,533

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6 0

4 years ago

What are the Five Dimensions of The Information Age

Natali [406]

Answer:

The five moral dimensions of the Information Age are: information rights and obligations, property rights and obligations, quality of life, system

Explanation:

6 0

3 years ago

Read 2 more answers

g Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $276,000 and credit

abruzzese [7]

Answer:

accounts receivable = $276,000

total credit sales = $1,000,000

3% of accounts receivable will not be decollete = $276,000 x 3% = $8,280

if allowance for doubtful accounts has a credit balance of $2,200, you must add = $8,280 - $2,200 = $6,080

the adjusting entry should be:

Dr Bad debt expense 6,080

Cr Allowance for doubtful accounts 6,080

Since allowance for doubtful accounts is a contra asset account it has a credit balance that reduces the value of accounts receivable.

6 0

3 years ago

Which of the following is NOT a way that the Fed controls the money supply?

Grace [21]

Answer:

A-Changing federal income tax rates

Explanation:

The Fed controls the money supply using monetary policy tools. Monetary policy is either expansionary or contractionary. The Fed chooses which policies to apply depending on the prevailing economic conditions.

Monetary policy tools available to the Fed include reserve requirements, interest on reserves, open-market operations, discount rates, and the federal fund rate.

The Fed does not set the federal income tax rates. Taxes are part of the fiscal policy applied by the executive arm of government. The government alters taxation to achieve desired macroeconomics objectives.

7 0

3 years ago