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3 years ago

Who was Adam Smith? Anybody?

2 answers:

6 0

Adam Smith (5 June 1723 - 17 July 1790) is Scottish philisopher. He is best known in : The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations.

laila [671]3 years ago

3 0

Adam Smith was born in Kirkcaldy in 1723, died July 17, 1790 in Edinburgh, Scotland - Scottish thinker and philosopher, author of the Inquiry into the Nature and Causes of the Wealth of Nations

I hope I helped :)

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Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $ 12 each an

bezimeni [28]

Answer:

The static budget variance of revenues is 36000 Unfavorable

Explanation:

Lincoln Corporation

Static Budget Variances

Actual Budgeted Static Budget

Units sold Units sold Variance

42,000 units 39,000 units

Sales Price $ 12 $ 12

Revenues 504000 468000 36000 Unfavorable

Variable costs $ 168,000 $ 158,000 10,000 Unfavorable

Fixed costs $ 46, 000 $ 48,000 2000 Favorable

The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.

In a static budget the actual amounts are not changed for different activity levels. Instead the actual is compared with the budgeted so that exact variance is obtained for an organization.

7 0

3 years ago

Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75 million in 2017. Its assets tot

FrozenT [24]

Answer:

the additional funds needed is $667,500

Explanation:

The computation of the additional funds by using AFN is shown below:

AFN is

= Increase in assets - increase in liabilities - addition to retained earnings

= ($4,000,000×25%) - ($900,000 × 25%) - 10,750,000 × .04( 1 - 0.75)

= $1,000,000 - $225,000 - $107,500

= $667,500

hence, the additional funds needed is $667,500

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0

3 years ago

In 2021, the internal auditors of Development Technologies, Inc., discovered that a $4 million purchase of merchandise in 2021 w

stich3 [128]

Answer:

No entry required

However, the balance sheet must be adjusted to represent both, the 4,000,000 inventory and the 4,000,000 accounts payable

Explanation:

As the account involved:

Inventory and accounts payable are permanent account do not alter the net income for the year ended December 31th 2020.

Also as no cash is involve the cash statement is not affected too.

This delay on recording generate no problem for the accounting.

6 0

4 years ago

Preferred stock of leaping dolphin inc. pays 8% on the $100 par value. what is the value of the stock if the appropriate discoun

ra1l [238]

Calculate the value of the stock:

<span>The dividend on preferred stock is received constantly for perpetuity. So, the value of preferred stock can be calculated by dividing the dividend with the required rate of return. If the dividend rate is 8% on par value of $ 100 and required rate is 6% the value of preferred stock will be P = (100x0.08)/0.06 = 8/0/06 = 133.3333333</span>

7 0

3 years ago

What is a cvv on a credit card

goblinko [34]

Answer:

credit verification

Explanation:

4 0

3 years ago

Read 2 more answers