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oee [108]
3 years ago
5

True or False: The State of Florida will revoke your license if you are found guilty of committing a felony for drug possession.

Business
2 answers:
Lerok [7]3 years ago
7 0
<span>TRUE. The State of Florida will revoke your license if you are found guilty of committing a felony for drug possession. </span>
vredina [299]3 years ago
4 0
This question is true because I live in fl and I have my license and that was a question there 
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The market for college education is perfectly competitive. Over the recent years, costs of equipping and maintaining modern clas
SVETLANKA909090 [29]

Answer:

Equilibrium price increases while the effect on equilibrium quantity is indeterminate.

Explanation:

Due to the higher cost of equipping and maintaining schools, the supply of schools would fall. This would increase the price of schools and the supply would fall.

Increased desire for college education would increase the demand for schools and the price of schools.

Taking the effect of demand and supply together, the equilibrium price would rise and there would be indeterminate effect on quantity

I hope my answer helps you

5 0
3 years ago
As the accountant for Marston Retail Stores, you must calculate the current ratio for the firm's last accounting period. The fir
I am Lyosha [343]

Answer:

1.5

Explanation:

Current ratio = current asset/current liabilities

This ratio is used to determine how quickly the current assets can be used to settle the current liabilities as they fall due.

current assets = $120,000

current liabilities = $80,000

The firm's current ratio = $120,000/$80,000

                                      = 1.5

5 0
2 years ago
Standard rate per direct labor-hour $ 2 Standard direct labor-hours for each unit produced 3 Units manufactured 1,000 Actual dir
Nastasia [14]

Answer:

Variable overhead efficiency variance= $600 unfavorable

Explanation:

Giving the following information:

Standard rate per direct labor-hour $2

Standard direct labor-hours for each unit produced 3

Units manufactured 1,000

Actual direct labor-hours worked during the month 3,300

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

<u></u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (1,000*3 - 3,300)*2

Variable overhead efficiency variance= $600 unfavorable

5 0
3 years ago
Journalize the following transactions that occurred in for ​, assuming the perpetual inventory system is being used. No explanat
MariettaO [177]

Answer:

Journal Entries:

Sep. 3:

Debit Inventory $7,500

Credit Accounts Payable (Silton Wholesalers) $7,500

To record the purchase of merchandise on account.

Sep. 4:

Debit Freight on Inventory $50

Credit Cash Account $50

To record freight on purchase.

Sep. 4:

Debit Inventory $2,000

Credit Cash Account $2,000

To record the purchase of merchandise for cash.

Sep. 6:

Debit Accounts Payable (Silton Wholesalers) $1,100

Credit Inventory $1,100

To record the return of inventory.

Sep. 8:

Debit Accounts Receivable (Houston Company) $6,100

Credit Sales Revenue $6,100

To record the sale of merchandise on account.

Sep. 13:

Debit Accounts Payable (Tristan Wholesalers) $100

Credit Inventory $100

To record the allowance received.

Sep. 15:

Debit Accounts Receivable (Jex Company) $2,900

Credit Sales Revenue $2,900

To record the sale of merchandise on account.

Sep. 22:

Debit Accounts Payable (Tarin Wholesalers) $

Credit Cash $

For alleged goods purchased on September 9 (not in the records).

Sep. 23:

Debit Inventory $230

Debit Sales Revenue $270

Credit Accounts Receivable (Jex Company) $500

To record inventory returned and the corresponding profit on sales.

Sep. 29:

Debit Cash Account $

Credit Accounts Receivable (Smede) $

To record receipt from Smede (not in the records).

Sep. 30:

Debit Cash Account $2,400

Accounts Receivable (Jex Company) $2,400

To record receipt from Jex Company in full settlement.

Explanation:

Company B uses the journal entries to initially record business transactions as they occur on a daily basis.  They show the accounts to be debited and the ones to be credited.

5 0
3 years ago
Question Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from this account. You anticipate that
Vanyuwa [196]

Answer:

Deposited amount will decrease by 1% and $2,000

Explanation:

Inflation rate will effect the value of money due to decrease in purchasing power of the currency holder.

We will use following formula to calculate the impact

Nominal rate = Real interest rate + Inflation rate

5% = Real interest rate + 6%

Real interest rate = 5% - 6% = -1%

The deposited amount will be decreased by 1%.

Deposit value = $200,000 x ( 1 - 1% ) = $198,000

Decrease in value = $200,000 - $198,000 = $2,000

6 0
3 years ago
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