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REY [17]
3 years ago
6

Bob likes to buy and sell things. Assume Bob made the following transactions: he bought an antique for $300 and sold it for $500

; he bought shares of stocks for $1,000 and sold the shares for $500; and he bought a car for $9,500 and sold it for $9,800. Overall, Bob:______.A. Made a gain.B. Incurred a loss.C. Broke even.D. Earned a $200 dividend.
Business
1 answer:
Arisa [49]3 years ago
8 0

Answer:

Broke even

Explanation:

Since it is given that

The antique bought at $300 and it sold for $500 so it reflects the profit of $200 as sale price is more than the purchase price

The shares of stock bought for $1,000 and it sold for $500 that reflects the loss of $500 as purchase price is more than the sale price

Now if the car is bought for $9,500 and the car sold for $9,800 that reflects the profit of $300  as sale price is more than the purchase price

So, the total profit is $500 and the total loss is $500.

Therefore, this is a break even where there is no loss or no gain

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A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warra
Murrr4er [49]

Answer:

Report a prior period adjustment decreasing retained earnings by $1,365,000.

Explanation:

Going by the question we can derive that $2,100,000 is the prior period's warranty. Consequently, it will be charged to the current year's earnings following the deduction of tax, 35%.

(2,100,000 *65) /100 = $1,365,000

This above calculation is so because Under the accrual basis of accounting...operating expense are reported on the income statement in the particular period when they took place or when they expire

4 0
3 years ago
Read 2 more answers
Deciding on the best means of transportation depends on ____.
mr Goodwill [35]

Answer:

all of the above

Explanation:

because it needs to be affordable safe and comfortable

8 0
3 years ago
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If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if
m_a_m_a [10]

Answer: elastic

Explanation:

Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.

For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.

7 0
3 years ago
What is income elasticity onlyy
Lina20 [59]

Income elasticity of demand measures the receptiveness of the quantity demanded for a good or service to a change in income.

It's calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.

Explanation:

Hope this helps!!

8 0
3 years ago
The analytic technique utilized after an adverse event occurs to prevent its recurrence is called?
azamat

The analytic technique utilized after an adverse event occurs to prevent its recurrence is called Root cause analysis.

<h3>What are the root cause analysis five steps?</h3>
  • Root cause analysis is a technique for problem-solving used in science and engineering to determine the underlying reasons of errors or issues.
  • It is frequently utilized in areas like information technology operations, telecommunications, industrial process control, accident investigation, and the healthcare sector.
  • Realize the Issue: To start, you must decide what went wrong.
  • Gather a Good Amount of Information.
  • Determine the Related Causal Factors.
  • Create a conclusion.
  • Make any necessary adjustments.
  • The analytic technique utilized after an adverse event occurs to prevent its recurrence is called
  • Root cause analysis.

To learn more about the Root cause analysis, refer to the following link:

brainly.com/question/19571344

#SPJ4

6 0
11 months ago
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