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andrew-mc [135]
3 years ago
9

Drag each label to the correct location on the image.

Business
1 answer:
xeze [42]3 years ago
7 0

Answer:

Tony and Gareth

Explanation:

Basic eligibility requirements for financial student aid are:

  • Be a U.S. citizen or an eligible noncitizen (including a U.S. national or permanent resident) and have a valid Social Security number.
  • Have a high school diploma or GED certificate.
  • Be enrolled or accepted as a student in an eligible degree or certificate program.
  • Earn a minimum GPA.

Tony has still not completed high school, and Miami resident Gareth does not has a social security number.

Keith and Marshall may be eligible for the financial student aid if they meet all other requirements for financial student aid.

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Prepare journal entries for each transaction and identify the financial statement impact of each entry.
madam [21]

Answer:

Cash (Dr.) $21,200

Common Stock (Cr.) $21,200

Cash (Dr.) $4,500

Services to client (Cr.) $4,500

Cash (Dr.) $11,200

Unearned Revenue (Cr.) $11,200

Cash (Dr.) $5,900

Accounts Receivable (Cr.) $5,900

Cash (Dr.) $11,000

Notes Payable (Cr.) $11,000

Explanation:

Adams services may record these transactions as journal entries. The transactions may have some changes after they are recorded then adjusting entries will be prepared to reflect the correct effect of transaction on business activities.

7 0
3 years ago
Assume that the market for Good X is defined as follows: QD = 64 - 16P and QS = 16P - 8. If the government imposes a price floor
s2008m [1.1K]

Answer:

The total loss in welfare to the economy will be -$32.

Explanation:

By intersecting the supply function QS to the demand function QD, we will find the equilibrium price:

QD = QS

16P - 8 = 64 - 16P

16P + 16P = 64 +8 =

32P = 72

P = $2.00

Replacing the equilibrium price either in QS or QD, we foind the equilibrium quantity:

QS = 64 - 16*2  = 64 -32

QS =  32

In this case the total revenues at the equilibrium price RE will be:

RE = 32 * $2 = $64

On the other hand if the government imposes a price floor at $3.00, then the new total revenues RN will be:

RN = 32 * $3 = $96

Therefore the total losses is find by subtracting the revenue at the goverment price floor RN to the revenue at the equilibrium price RE:

LT = RE - RN

LT = $64 - $96 = -$32

6 0
3 years ago
A Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for 20 per unit. Variable costs are 8 per unit,
Inga [223]

Variable expenses 20,000 advertising be increased with profits remaining unchanged.

Calculation of this year's operating income

Sales                             20000*1.25*(20*(1-0.1))          $450,000

Variable expenses      20000*8*1.25                          $200,000

Contribution margin                                                     $250,000

Fixed expenses          180000+30000                       $210,000

Net operating income                                                 $40,000

Thus, this year’s net operating income would be $40,000.

Working note

Calculation of units sold last year.

Units sold = Total sales revenue-Sale price per unit =$400,000 - $20 =20,000.

The retail price per unit is reduced by 10%, resulting in a revised retail price of $18 per unit and 20% more units sold. Therefore, the revised sales units would be 25,000, and the total sales for the year would be $450,000, calculated by multiplying the 25,000 units sold by the selling price per unit of $18. Variable expenses increase as the number of units sold improves, so the revised variable cost is the number of units sold multiplied by $8, resulting in a variable cost of $200,000. Variable costs of $200,000 are deducted from sales of $450,000 resulting in a contribution margin of $250,000. Fixed costs increased by $30,000, resulting in revised fixed costs of $210,000 and a net operating income of $40,000. This is calculated as a contribution margin of $250,000 minus fixed costs of $210,000.

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7 0
2 years ago
​what is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,00
nikdorinn [45]

Answer:12

Explanation:

4 0
3 years ago
____ is a general term applied to any use of computers and networking to support the paperless exchange of goods, information, a
malfutka [58]

The phrase "electronic commerce" refers to any use of computers and networking to facilitate the exchange of goods and information without the need of paper. The use of electronic financial transfers and data transmission to complete online purchases and sales is another benefit of this business model.

<h3>How come the business world is so complicated?</h3>

One element that adds to the complexity of the commercial sector is the variety of building uses. Every four years, there is a significant nationwide study of commercial buildings in the United States that looks at a wide range of factors, including energy use.

<h3>What makes up a specific economic sector in a nation?</h3>

The portion of the economy associated with that particular type of industry is known as a sector in that nation.

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5 0
1 year ago
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