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4 years ago

According to the discussion of the "color of money," blue money is

Business

2 answers:

amm18124 years ago

6 0

Blue money is the highest banknote

VMariaS [17]4 years ago

3 0

Answer:

A. money spent on frivolous purchases.

Explanation:

According to a different source, these are the options that come with this question:

A. money spent on frivolous purchases.

B. money set aside for emergencies and unexpected expenses.

C. currently expended green money.

D. invested for the long term.

Money is considered "blue" when it is spent on frivolous purchases. "Blue money" is the money that you use to treat yourself, or to relieve stress and unhappiness. People who value blue money tend to overspend, and are generally bad at prioritising their expenses. These people generally benefit from having a spending plan.

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Which account would be listed on a post-closing trial balance?

Elis [28]

Answer: c. Retained Earnings

Explanation:

The post-closing trial balance reflects balance sheet items that do not have a $0 balance in them when a period has ended and is prepared after the temporary accounts have been closed off. The purpose is to make sure that the debits equal the credits.

As there are no temporary accounts, all income statement items will have been closed off and moved to the Retained earnings account which will reflect the total for the income statement for the year. The only account that will be listed in the post-closing trial balance therefore will be the Retained earnings account.

7 0

3 years ago

How do you change the number of rows and columns displayed for an embedded Excel object on a PowerPoint slide?

MAVERICK [17]

Try D for the correct answer.

5 0

3 years ago

Q1: Grohl Co. issued 11-year bonds a year ago at a coupon rate of 6.5 percent. The bonds make semiannual payments. If the YTM on

WINSTONCH [101]

Answer:

Explanation:

N = 4 (5-year bond - 1 year (ago))*2 = 8

I% = YMT= 8/2 = 4

PMT = (1,000)(.07) = 70/2 = 35

FV=1,000

Calculating PV, PV=966.34

6 0

3 years ago

How does revenue affect profit (also called “net profit”)? How do expenses affect profit?

Ivanshal [37]

Answer:

See below

Explanation:

1. How revenue affects Profits

Revenue is income that a business receives selling its products or from the services it provides. Income from other sources such as win in lawsuits is also revenue.

A business with high revenue is more profitable than a company with low income. For a business to make profits, its revenues must exceed its total expenditure. Profit is total income minus expenses. After the breakeven, extra sales contribute to profits. The more the sales, the higher the profits. Low revenue makes low profits.

2. How do expenses affect profit?

Expenses are costs incurred by a business in its productions and sales processes. Service providers incur expenses as they provide services to customers.

Expenses have a direct impact on profits. High costs may result in losses. Profits are realized after deducting expenses from revenues.

If the expenses are high, then profits will be minimal. Low expenses will result in high profits.

3 0

3 years ago

Richland Enterprises has budgeted the following amounts for its next fiscal year: Total fixed expenses $ 48 comma 000 Selling p

Alik [6]

Answer:

The number of units needed to break even will decrease by 276 units

Explanation:

Giving the following information:

Total fixed expenses $48,000

Selling price per unit $45

Variable expenses per unit $30

Richland Enterprises can reduce fixed expenses by $4,140.

First, we need to calculate the actual break-even point in units:

Break-even point= fixed costs/ contribution margin

Break-even point= 48,000/ (45 - 30)= 3,200 units

New fixed costs= 48,000 - 4,140= 43,860

Now, we calculate the new break-even point:

Break-even point= 43,860 / 15= 2,924

The number of units needed to break even will decrease by 276 units.

6 0

3 years ago