Monetary policy theory says that when the economy is faced with inflation, the government should

Tom’s T.V.’s sold one of their premium products, a new 60" flat screen 3D T.V. to a customer who paid $2,000 in cash. How would

nikdorinn [45]

Answer:

Impact of $2,000 sale on accounting equation is as follow:

Accounting Equation

Asset = Equity + Liabilities

Cash+2000 Sales+2,000 No Effect

As cash an asset for the business, so the receipt will increase the balance of assets of the company. The revenue is ultimately adjusted to equity in the form of net income after deducting all the expenses. This transaction will result in increase of equity balance by the sale amount.

Explanation:

The Following journal Entry will support my answer:

Sales amount = 2,000

As this transaction is made on cash basis the following Journal entry will be recorded for this event.

Dr. Cr.

Cash $2,000

Sales $2,000

5 0

3 years ago

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its outp

Luba_88 [7]

Answer:

(1) Pe =0.3Pm + 0.15 Pa

Pm = 0.7Pe + 0.2 Pm + 0.3 Pa

Pa = 0.3 Pe + 0.5Pm +0.55 Pa

(2) The free variable Pa = 100

Explanation:

Solution

We create a table of outputs using the given percentages economy distribution

Energy Manufacturing agriculture Purchased by

0 0.3 0.15 energy

0.7 0.2 0.3 manufacturing

0.3 0.5 0.55 Agriculture

Let Pe Pm, Pa represent the prices for each sector

We then create an income equation using the expenses of the table above

Now,

Pe =0.3Pm + 0.15 Pa

Pm = 0.7Pe + 0.2 Pm + 0.3 Pa

Pa = 0.3 Pe + 0.5Pm +0.55 Pa

Note: Kindly find an attached copy of part of the solution to the given question and complete question to of this exercise below

3 0

3 years ago

Your Competitive Intelligence team is predicting that the Chester Company will invest in adding capacity to their Cent product t

____ [38]

Question Completion:

Product Segment Capacity Next Round

Attic Core 1,130

Axe Core 1,200

City Core 1,300

Cent Core 1,550

Dome Core 1,145

Dug Core 1,023

Answer:

Competitive Intelligence Team

The industry can produce 8,083 units in the Core segment next year.

Explanation:

a)Data and Calculations:

Product Segment Capacity Increasing New Capacity

Next Round by 10% next year

Attic Core 1,130 113 1,243

Axe Core 1,200 120 1,320

City Core 1,300 130 1,430

Cent Core 1,550 155 1,705

Dome Core 1,145 115 1,260

Dug Core 1,023 102 1,125

Total industry capacity 7,348 735 8,083

b) A Competitive Intelligence is an analysis for decision-makers that uncovers competitive gaps, products, and services. It uses information about a firm's industry, business environment, and competitors' strategies to develop strategic initiatives and identify opportunities and threats facing the firm in the marketplace.

8 0

2 years ago

Based on the segment income statement below, Chips, Inc. is considering eliminating its Barbecue Division line. Revenue from Bar

zloy xaker [14]

Answer: Decrease by $70000

Explanation:

Before the Barbecue Division is eliminated, the profit gotten will be:

Revenue from Barbecue Division sales = $510,000

Less: Salaries = $110000

Less: Direct material = $315000

Profit = $70000

Therefore, based on the analysis above, If Barbecue Division were eliminated, profitability would decrease by $70000

7 0

3 years ago

All of the following are alternative forms of institutional advertisements EXCEPT:

forsale [732]

Answer: B. Public Service

Explanation:

There are 4 alternative forms of institutional advertisements being;

Competitive - These types of adverts aim to show that the product presented is better than that of the competitor by showcasing its benefits and features.
Reminder - As the term implies, this advertisement is meant to remind you. Remind you of the product being offered and how it has been beneficial to you.
Pioneering - This is for products that are just starting out and need to be introduced to inform the market of its existence.
Advocacy - These focus on telling the audience the position a company has on an issue.

These are the four alternative forms of institutional advertisements and Public Service is not one of them.

4 0

3 years ago