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3 years ago

To calculate 41/5% tax on $63.78, multiply 4.2 times 63.78.

1 answer:

4 0

41/5 is actually 8.2. So to find how much tax there is you multiply .082 times 63.78. The tax is $5.22. But to get all of it, you have to add it to the original. 5.23+63.78=69.00. So the tax is $5.23, but the cost with tax is $69.

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Which 4 statements are true about the Chart of Accounts, how to make changes to the Chart of Accounts, and how products and serv

guapka [62]

Answer:

a. To add a new account, you open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window

c. Uncategorized Income and Uncategorized Expense are default accounts for online banking activity

d. If you add a new account, the category type determines on which financial statement this account will show

e. When we set up Products and Services, they are linked to the Chart of Accounts by specifying a sales price/rate

Explanation:

Quickbooks is arguably the most popular accounting software for Medium and Small Businesses.

In Quickbooks, the Chart of Accounts lists all the accounts that a company has including their balances so that it may be able to use these details to construct business reports and for easier information access.

To add a new account, the Chart of Accounts should be opened by selecting Accounting and then creating a New account.

When banking activity is inputted in Qucikbooks, it will categorize it as either Uncategorized Income or Uncategorized Expense because it will be unable to classify them instantly.

When a new account is added, its category determines entirely which financial statement it will show up on.

And finally, when Products and Services are linked to the Chart of Accounts by specific sales prices/rates.

3 0

4 years ago

A. what is the gdp per capita of longhornland in u.s. dollars? (express your answer rounded to one decimal place.)

Luden [163]

Per capita GDP<span> is a measure of the total income of a country GDP (gross domestic product) divided by the number of people in the country.</span>

Longhornland is an imaginary country but given the following data:

GDP (2429 millions US Dollars)

Population (129 millions people)

<span>GDP per capita = 18.8 millions US Dollars</span>

5 0

3 years ago

5. Briefly explain why when the marginal cost of an activity increases as one does more of it and why the marginal benefit of an

Georgia [21]

Answer:

The law of decreasing marginal utility states that the actual utility obtained from carrying out some specific activity decreases as you perform that activity more often. E.g. you are very thirsty and decide to drink a glass of Coke. The first glass will yield a very high number of utils. If you are still thirsty, you might drink a second glass, but this time the second glass will yield a lower amount of utils. If you keep drinking more Coke, eventually you will be full and will not even enjoy drinking it.

The opposite happens with the marginal cost of carrying out an activity. For example, you like to bike outdoors. Biking outdoors one day per week will cost you X amount (including actual costs of biking plus opportunity costs). But if you decide to do it 2 times per week, your opportunity costs will increase. If you decide to do it 3 or more times per week, you better be good enough to become a professional or have a very tolerant boss. Opportunity costs of biking outdoors more days per week will keep increasing.

4 0

3 years ago

on January 1, Year 1, Your Ride Inc. paid $36,000 cash to purchase a taxi cab. The taxi had a four-year useful life and a $4,000

Elina [12.6K]

Answer:

Depreciation to be recorded each year in income statement = $8,000

Accumulated depreciation at end of year 1 = $8,000

Accumulated depreciation at end of year 2 = $8,000 + $8,000 = $16,000

Explanation:

Provided information,

Taxi purchased for a value of $36,000

Expected salvage value = $4,000

Estimated life of asset = 4 years

Using straight line depreciation we have,

Depreciation each year = $\frac{36,000 - 4,000}{4} = $8,000$

Depreciation to be recorded each year in income statement = $8,000

Accumulated depreciation at end of year 1 = $8,000

Accumulated depreciation at end of year 2 = $8,000 + $8,000 = $16,000

6 0

3 years ago

Carly knows that according to ________, if she administers positive reinforcement or avoidance learning, her employees will tend

Yuri [45]

Answer:

Law of effect

Explanation:

This law was developed by Edward Thorndike

When Responses are followed by satisfaction, it causes people to become more attached to a situation. This is likely going to cause these people to continue doing things as they are doing them now. This is why if Carly uses positive reinforcement, her employees will do their jobs same way they are doing it now.

Conversely, if the situation is followed by discomfort, that is she uses punishments or extinction, the

employers will disconnect themselves from doing their jobs the same way they have been doing it.

7 0

3 years ago

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