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Black_prince [1.1K]
4 years ago
5

On April 1, Sharon Lee established Lee's Travel Agency. The following transactions were completed during the month.

Business
1 answer:
Bas_tet [7]4 years ago
7 0

Answer:

Explanation:

Had to use excel for this solution in order to make everything so clear and explanatory. check the picture attached below.  

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What’s the difference between LRAS and SRAS
Crank

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Whereas the SRAS curve is upward sloping, the LRAS curve is vertical because, given sufficient time, all costs adjust.

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Assume there are two types of people. Some expend effort to get food, but then share the food they get equally with those withou
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the psychological design of saving energy by not working will increase in frequency while the psychological design of expending effort to get food will decrease.

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This will be because the ones working hard will see that they can get food without without working for it so they will stop working too and start devoting this extra energy for reproduction. Plus ones working hard will get tired of looking for increase in population without food and they will stop sharing. This general inclination should be selected against because many people will not work and start depending on other to share it with them.

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3 years ago
The average of all prices in the economy is the
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Price level

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3 years ago
Required information [The following information applies to the questions displayed below.) Fiddle Corp. has been an S corporatio
Kitty [74]

Answer and Explanation:

According to the given question, the computation is shown below:-

a. The amount and character of gain Charlie recognizes from end-of-the-year distributions is

Particulars                       Amount

Tax basis a                      $18,750

Ordinary income b          $23,750

Stock basis                       $42,500

(c = a + b)

Distribution                     $47,500   ($42,500 + $5,000)

b. The stock basis is

Particulars                       Amount     Character

Gain                                $5,000       Capital   ($23,750 - $18,750)

Stock basis                      -                  None

8 0
4 years ago
Investment interest expense includes:interest expense from loans to purchase municipal bonds and interest expense from loans to
Romashka [77]

Investment interest expense includes interest expense from loans to purchase municipal bonds.

<h3>What is Investment?</h3>

The dedication of an asset to achieve an increase in value over time is referred to as investment. Investment necessitates the sacrifice of a current asset, such as time, money, or effort. The goal of investing in finance is to generate a return on the invested asset.

Income investing is an investment strategy that focuses on constructing an investment portfolio that is specifically designed to generate regular income. The income investing strategy's sole goal is to generate a consistent stream of income.

The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers factors such as age, financial history, circumstances, and investment goals.

To know more about Investment follow the link:

brainly.com/question/25300925

#SPJ4

8 0
2 years ago
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