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3 years ago

. Says law says? Do you agree or disagree with Jean? (Jean Baptiste Say) EXPLAIN. (hint...loanable funds market

1 answer:

5 0

To answer the question above as to Jean's explanation on Say's Law or The Law of Market.. I agree that "if there is a surplus of goods, there must be unmet of demand for others". Jean's explanation is more of a Capitalist style of management.

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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

3 years ago

Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12-month and 24-month contracts. The corpo

Gnesinka [82]

Answer: 2016= $13,000; 2017= $25,000

Explanation:

for 2016

Income to be recognised in 2016 for 12 months term= Total proceeds x period of service provided (july -december )/ Total contract term

Income to be recognised in 2016= 14,000 x 6months /12months

= 14,000 x 1/2= $7,000

Income to be recognised in 2016 for 24 months term= Total proceeds x period of service provided (july -december )/ Total contract term

Income to be recognised in 2016= 24,000 x 6months /24months

= 24,000 x 1/4= $6,000

income to be recognized in taxable income in 2016= $7,000 + $6,000= $13,000

for 2017

Income to be recognised in 2017 for 12 months contract term= Total proceeds x remaining period of service provided from jan. to june 2017 / Total contract term

Income to be recognised in 2017= 14,000 x 6months /12months

= 14,000 x 1/2= $7,000

Income to be recognised in 2017 for 24 months contract term= Total proceeds x remaining period of service provided fromjuly 2016 -dec 2017/ Total contract term

Income to be recognised in 2016= 24,000 x (24-6) 18months /24months

= 24,000 x 3/4= $18,000

income to be recognized in taxable income in 2017= $7,000 + $18,000= $25,000

7 0

3 years ago

A steel manufacturing firm with about 1,000 employees operates in an environment that is simple and integrated (it makes a small

WINSTONCH [101]

Answer:

Organic structure.

Explanation:

Organic structure: It is defined as flat organizational structure as it does not follow normal hierarchical structure, it is more of a decentralized structure with a lesser layer of management at every level, where more information is shared among employee and each department co-operate with other departments, which helps the organization to adapt well with the changes. Employees have the opportunity to participate in the decision-making process of the organization.

In the given case, Steel manufacturing firm are following an environment that is simple and integrated but also dynamic and hostile, which is a perfect organic structure.

4 0

3 years ago

Katie is a supervisor at a fast food restaurant. Every week, she submits a progress report to Molly, the restaurant manager, to

GarryVolchara [31]

Answer: Upward communication

Explanation:

Upward communication can be defined as the communication process that occurs from the lower levels to higher levels. In other words, communication flows upwards. Communication is a fundamental aspect of every workplace since it allows us to express everything that is happening at work. When communication occurs effectively, work can be done better and thus give better results. When there is communication, it is also easier to identify possible problems that may arise.

Staying in constant communication helps to make the work environment more comfortable for both, it is important to be able to express everything related to work and receive feedback that only has the intention that everything can go better.

7 0

3 years ago

The agricultural adjustment act (aaa) attempted to solve the "farm problem" by providing federal loans based on crops held in st

Brums [2.3K]

The AAA payed farmers to reduce their production in order to raise prices.

7 0

3 years ago