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pshichka [43]
3 years ago
5

Why is it important to understand the terminology associated with student finances?

Business
1 answer:
defon3 years ago
8 0
Are they’re multiple answers choices or a open question
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If you are under the age of 21 and have any detectable amount of alcohol in your system while operating a motor vehicle in a pub
hodyreva [135]
<span>Driving under the influence of alcohol by a minor



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7 0
3 years ago
Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase
Mice21 [21]

Answer:

Encumbrances $1000

Reserved for encumbraces $1000

Explanation:

Encumbrance is in the debit because is the money that we have destined for the purchase and  since we have to get the money from our funds Reserved for encumbrances is in the credit.

5 0
3 years ago
Assuming that the MR Corporation has an inventory of 200 defective motors costing $450,000 to produce and $150,000 to repair, if
ella [17]

<u>Answer: </u>True

<u>Explanation:</u>

Here for calculation of the profit or loss the cost of production cannot be used for comparison as they are the sunk cost it cannot be used for taking sale or rework decision. It is given the proceeds from the sale of inventory would be $425,000 and the cost of rework will be $150,000.

Net proceeds from sale of units = 425000 - 150000

=$275,000

It is clear that these profits are lower than the sale of these units without repair. Sale proceeds without repair is $325,000. So MR corporation can make decision to sell the units without repair for better benefits.

6 0
3 years ago
Suppose that you are an orange grower. Would you expect the demand for your
aksik [14]

It should be noted that the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded.

It should be noted that an elastic demand simply means a situation whereby a change in the price of a good lead to a larger change in the quantity demanded.

In this case, the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded. For example, an increase in price will make the customers buy other fruits.

Learn more about demand on:

brainly.com/question/25585026

8 0
2 years ago
Lisa is a tax accountant. she needs to enter many numbers. to enter these numbers, she should use the _____. numbers across the
azamat

The answer in the space provided, the answer is the numeric keypad on the right side of the keyboard as this is what Lisa needs to use for she may be able to input as much as many numbers possible as this is one of her roles as an accountant.

6 0
3 years ago
Read 2 more answers
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