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3 years ago

Select the correct answer.

Business

1 answer:

BabaBlast [244]3 years ago

6 0

Answer:

The Exhaustible resources are scarce.

Explanation:

The Exhaustible resources are scarce. Exhaustible resources are the natural resources which are limited and takes years to form. They can be easily exhausted or depleted by the human activity. Exhaustible resources are- oil, gas, coal, etc.

Inexhaustible resources are the resources which can not be depleted by the human activity for example water energy, solar energy, wind energy, etc. Therefore Exhaustible resources are scarce as they cannot be formed quickly after use.

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A) Depreciation on the company's equipment for 2017 is computed to be $16,000.

OleMash [197]

Answer:

Adjusting Journal Entries:

a) Debit Depreciation Expense - Equipment $16,000

Credit Accumulated Depreciation - Equipment $16,000

To record depreciation charge for the year.

b) Debit Insurance Expense $8,100

Credit Insurance Prepaid $8,100

To record insurance expense for the year.

c) Debit Office Supplies Expense $2,583

Credit Office Supplies Account $2,583

To record office supplies used for the year.

d) Debit Deferred Revenue $2,750

Credit Service Revenue $2,750

To record revenue for work done this period.

e) Debit Insurance Expense $4,200

Credit Prepaid Insurance $4,200

To record insurance expense for the year.

f) Debit Wages Expense $5,000

Credit Wages Payable $5,000

To record unpaid wages as of December 31, 2017.

Explanation:

Adjusting journal entries are entries made in the journal to accrue expenses and revenue in line with the accrual concept and the matching principle of U.S. GAAP. The concept and principle require that expenses and revenue are matched in the period they were incurred and not when they were actually paid for or received.

4 0

3 years ago

Which type of investment offers other s both capital gain and interested income

vfiekz [6]

Hard assets such as investment real estate can provide an investor with both capital gains and, I believe you meant investment income. Numerous assets classes, depending on the investor's state (country or geographic area) and that area's tax laws will have significant, and often changing consequences for each type of investment.

However, keep in mind that capital assets are defined by the U.S. IRS as property such as home or car, and ohter investment property such as stocks or bonds.

Several definitions to keep in mind include capital gain or loss, the difference between price paid and price sold (occasionally including holding and selling costs, etc.). Your basis in the investment property is what you paid for the asset.

Hope this helps...never heard of interested income, but I don't know everything either. )

3 0

3 years ago

Cost Behavior Alisha Incorporated manufactures medical stents for use in heart bypass surgery. Based on past experience, Alisha

valina [46]

Answer:

Alisha Incorporated

1. Total maintenance cost incurred by Alisha last year? Round your answer to nearest dollar:

= $4,875,000

2. Total fixed maintenance cost incurred by Alisha last year? Round your answer to nearest dollar:

= $1,750,000

3. Total variable maintenance cost incurred by Alisha last year? Round your answer to nearest dollar:

= $3,125,000

4. Maintenance cost per unit produced? Round your answer two decimal places. $ per unit

= $195

5. Fixed maintenance cost per unit? Round your answer two decimal places. $ per unit

= $70

6. Variable maintenance cost per unit? Round your answer two decimal places. $ per unit

= $125

Explanation:

a) Data and Calculations:

Total maintenance costs = $1,750,000 + $125X,

where X = Number of Heart Stents

Production = 25,000 stents last year.

Total maintenance costs = $1,750,000 + $125 * 25,000

= $1,750,000 + $3,125,000

= $4,875,000

Total maintenance cost per unit = $4,875,000/25,000 = $195

Fixed costs per unit = $70

7 0

3 years ago

In Macroland there is $12,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If ban

Rashid [163]

Answer:

C.$48,000,000; $54,000,000

Explanation:

First we lay out the data

Currency (C) = $6,000,000

Reserves (R) = $6,000,000

Reserve-Deposit Ratio (rr) = 12.5%

To find deposits we simply solve a rule of three. Reserves are 12.5% of what deposits are:

X 100%

6,000,000 12.5%

6,000,000 x 100/12.5 = 48,000,000

So Deposits (D) are $ 48,000,000

Now, to find the money supply, we must solve this equation

M = m x B

Where M = Money supply, m = money multiplier and B = monetary base

Monetary base is equal to currency in hands of the public + reserves, so:

B = C + R

B = $6,000,000 + $6,000,000

B = $12,000,000

The money multiplier equals to

m = (cr + 1)/(cr + rr)

cr is currency - deposit ratio

In this case currency is $6,000,000 and deposits are $48,000,000, so the currency-deposit ratio (cr) is the same as the reserve-deposit ratio (rr) = 12.5%

Now we plug the amounts into the formula, remember that we must convert percentages into decimals when solving an equation:

m = (0.125 + 1) / (0.125 + 0.125)

m = 4.5

Finally, we can solve for the money supply. Money supply is equal to the monetary multiplier times the monetary base:

M = m x B

M = 4.5 x $12,000,000

M = $54,000,000

8 0

3 years ago

Margaret’s financial institution tells her she has been a victim of social engineering. Which statement best describes what this

Daniel [21]

The answer is A. A thief pretended to be Margaret and used her personal information to access a bank account.

The thief had gain access to her personal information and used it to fraudly access another bank account. It was used to gain credibility by impersonation. It is also called as social manipulation to let people believe that you are that person.

8 0

3 years ago

Read 2 more answers