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xxMikexx [17]
3 years ago
5

The Martins' home has potentially unsafe levels of radon, but they have no idea because it is odorless and they have not been fe

eling any ill effects from it. In fact, several homes have this problem and the owners are not aware of it, and they may never become aware of it unless testing is done. What type of consumer problem is this
A. latent B. manifest C.active d.inactive E. Dangerous
Business
1 answer:
julsineya [31]3 years ago
3 0

Answer:

D. inactive

Explanation:

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A company purchased a computer system on January 2, 2018 for $1,600,000. The company used the straight-line depreciation method
Anna007 [38]

Answer:

B. Loss on sale is $12,500

Explanation:

The equipment purchase on 1st January 2018. The equipment is sold of 1st July 2020. The duration for accumulated depreciation is 2.5 years. Using straight line method the depreciation will be:

[ 1,600,000 - 130,000 ] / 8 years  * 2.5 years = 612,500

The book value for the equipment is 1,600,000 - 612,500 = 987,500

The equipment is sold for 1,000,000

There is gain on disposal of 12,500.

4 0
2 years ago
6. Which of the following payday frequencies provides employees with the smoothest cash flow?
Sever21 [200]
The best payday frequency that provide employees with the smoothest cash flow is WEEKLY.

Biweekly means every 2 weeks.
Semi-Monthly means every 15th and 30th of the month.
Monthly means every 30th of the month.

Expenses are incurred daily and the best payday frequency is weekly because you will not have to scrimped and save so much until the next payday. In the event of emergencies, you can easily borrow money with the assurance that it can be paid before the week ends. 

4 0
2 years ago
Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) Skip to question [The following information applies to the questio
VladimirAG [237]

Answer:

Demon Deacons Corporation

Adjusted Trial Balance:

Demon Deacons Corporation is presented below.

Accounts                                 Debit     Credit

Cash                                     $ 9,400

Accounts Receivable             14,400

Prepaid Rent                           4,320

Supplies                                     740

Deferred Revenue                                   $ 1,800

Salaries Payable                                            700

Common Stock                                          11,000

Retained Earnings                                     5,400

Service Revenue                                     47,480

Salaries Expense                 32,700

Rent Expense                         2,160

Supplies Expense                 2,660

                                         $ 66,380   $ 66,380

Explanation:

a) Data and Calculations:

The December 31, 2021, unadjusted trial balance for

Demon Deacons Corporation is presented below.

Accounts                                 Debit     Credit

Cash                                     $ 9,400

Accounts Receivable             14,400

Prepaid Rent                           6,480

Supplies                                  3,400

Deferred Revenue                                  $ 2,400

Common Stock                                          11,000

Retained Earnings                                     5,400

Service Revenue                                     46,880

Salaries Expense                 32,000

                                         $ 65,680   $ 65,680

Adjustments:

DR Rent Expense $2,160         CR Prepaid Rent $2,160

DR Deferred Revenue $600   CR Service Revenue $600

DR Salaries Expense $700      CR Salaries Payable $700

DR Supplies Expense $2,660 CR Supplies $2,660

8 0
2 years ago
The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $1
photoshop1234 [79]

Answer:

Inventory turnover ratio = 7.2 times

Explanation:

Given:

Beginning inventory = $70,000

Ending inventory = $108,000

Cost of goods sold = $644,000

Sales = $888,000

Find:

Inventory turnover ratio

Computation:

Average inventory = [Beginning inventory + Ending inventory] / 2

Average inventory = ($70,000 + $108,000) / 2

Average inventory = $89,000

Inventory turnover ratio =  Cost of goods sold / Average inventory

Inventory turnover ratio = $644,000 / $89,000

Inventory turnover ratio = 7.2 times

5 0
3 years ago
A trading arrangement that eliminates most or all barriers to trade among participating nations and utilizes common barriers to
Katen [24]

Answer:

preferential trade agreement

Explanation:

This agreement is known as a preferential trade agreement. It is called this because it tends to make it easier for specific goods to be traded but only to the countries that are part of the group and/or agreement. This agreement also makes it harder for countries that are not part of the agreement to be able to trade with the countries that are in order to maintain the countries within the agreement trading with each other.

4 0
3 years ago
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