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Ivan
4 years ago
9

U.S. federal government expenditures are comprised of purchases of goods and services​ (defense spending plus spending on all​ d

ay-to-day activities), transfer​ payments, interest​ payments, and grants to state and local governments. True or false?
Business
1 answer:
Afina-wow [57]4 years ago
5 0

Answer:

True

Explanation:

Money spent by the government into the economy for welfare of the household

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Which drawback of being an entrepreneur can disrupt your personal life ?
GalinKa [24]

Answer:

Tension and work load

Explanation:

As being an entrepreneur tension and work load are the things that make a person suffer. As we know tension is the biggest disease in today's world. As though a person can overcome from the disease related to the physical body but it is something related to mind, as we all know that mind is something in the human body that is very sensitive.

6 0
4 years ago
Read 2 more answers
P Company sold merchandise costing $240,000 to S Company (90% owned) for $300,000. At the end of the current year, one-third of
Ganezh [65]

Answer:

Inter-company profit eliminated = $12,000

Explanation:

Given:

Value of inventory = $300,000  

Cost of inventory = $240,000

Computation of Profit recognized on sale profit

Profit recognized on sale = Value of inventory - Cost of inventory

Profit recognized on sale = $300,000 - $240,000

Profit recognized on sale = $60,000

Computation of Profit margin:

Profit margin = [60000/300000]×100 = 20%

Profit margin = 20% = 0.20  

Computation of closing Inventory :

Closing Inventory = $300,000 (1/3)

Closing Inventory = $100,000  

Profit during the year = $ 92,000  

Value of inventory = $100,000 (1-0.20)= $80,000

Inter-company profit eliminated= $92,000 - $80,000 = $12,000

5 0
3 years ago
The Bears Corporation has provided you the following information:Increase in accounts receivable balance 50,000 Net sales 500,00
Sliva [168]

Answer:

A. cash collected is 442,500

B. Cash paid to suppliers is 62,000

Explanation:

A. To determine the cash collected for the period, the account that we should analyze is the accounts receivable.

Net sales 500,000

Less: Increase in accounts receivable 50,000

Less: write off 7,500

total collection 442,500

*increase in accounts receivable means lesser amount of collection than the sale on account

*write off will decrease the accounts receivable which means, it affects the cash collection computation.

B.To determine the cash paid to suppliers, let’s analyze the accounts payable account.

Increase in inventory 45,000

add: decrease in accounts payable 17,000

total cash paid to suppliers is 62,000

*increase in inventory implies an additional purchase made by the company

*decrease in accounts payable resulted from cash payment made to suppliers.

5 0
4 years ago
On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche
Kryger [21]

Answer:

Dr Bad debt expense 28,799.40

    Cr Allowance for doubtful accounts 28,799.40

Explanation:

allowance for doubtful accounts balance $14,000

$880,000     not due yet        1.2%        $10,560

$350,000     1 to 30 days       1.95%      $6,825

$70,400        31 to 60 days    6.45%     $4,540.80

$35,200       61 to 90 days    32.50%   $11,440

$14,080        over 90 days      67%       <u>$9,433.60</u>

total                                                       $42,799.40

Journal entry

Dr Bad debt expense 28,799.40

    Cr Allowance for doubtful accounts 28,799.40

3 0
3 years ago
Is there an existential threat of social media?​
Yanka [14]

Answer:

could be

Explanation:

7 0
4 years ago
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