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ArbitrLikvidat [17]
2 years ago
5

At the end of a recent​ year, Anderson Cleaning​ Service, a​ full-service house and office cleaning​ service, had total assets o

f $ 5,810 and equity of $ 3,650. How much were Anderson Cleaning​ Service's liabilities?A. $2,580 B. $3.780 C. $10,140 D. $6,360
Business
1 answer:
marysya [2.9K]2 years ago
7 0

Answer:

Anderson Cleaning​ Service's liabilities were $2,160

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Owner's (or Stockholders') Equity

Liabilities = Total asset - Owner's (or Stockholders') Equity

At the end of a recent​ year, Anderson Cleaning​ Service had total assets of $5,810 and equity of $3,650

Anderson Cleaning​ Service's liabilities = Total asset - Equity  = $5,810 - $3,650 = $2,160

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An organization has a standing order with a supplier. the organization has ordered the same product in the same quantity monthly
evablogger [386]

Answer:

Modified Rebuy.

Explanation:

Modified Rebuy can be defined as the desires of a buyer to re-purchase or reorder the products previously bought but with certain modifications either in prices, products, suppliers, or terms. The buyer may modify the current purchasing terms because he may not be satisfied with the supplier or may have some new requirements.

In the given case, the modification in supplier has been made by the organization to get a better price. Thus this is an example of modified rebuy.

So, the correct answer is modified rebuy.

7 0
2 years ago
Chang Industries has 2,000 defective units of product that have already cost $14 each to produce. A salvage company will purchas
sleet_krkn [62]

Answer:

$20,000 income

Explanation:

<em>Computation</em>

Particulars                                                                 Amount

Sale Value of corrected product=                         $42,000.00

(2,000 * 21)

Less : Costs of Correction =                                   ($12,000.00)

(2000 * 6)

Less : Opportunity costs - Salvage Value Lost =  <u>($10,000.00)</u>

(2,000 * 5)

Incremental Revenue=                                             <u>$20,000.00</u>

4 0
3 years ago
Government regulations help balance negative externalities such as: Multiple Choice No smoking rules enforced to mitigate the ef
amm1812

Government regulations help balance negative externalities such as no smoking rules enforced to mitigate the effects of second-hand smoke.

<h3>What is negative externality?</h3>

Negative externality is when the activities of producers or consumers negatively affect third parties not involved in production or consumption activities.

For example, smoking affects those who are not smoking. They are affected by the second-hand smoke. To prevent this, no smoking rules can be enforced.

To learn more about externalities, please check: brainly.com/question/26266710

4 0
1 year ago
The government of Wrexington, a country which has adopted American GDP accounting conventions, reported that GDP in quarter 3 wa
yanalaym [24]

Answer:

C. $12 billion.

Explanation:

GDP refers to the Gross domestic product. It means that the market value of all final goods and services produced within the country.

Since in the question the GDP reported in quarter 3 was $12 billion and the same is to be considered as a GDP because it reflected the market value of all final goods and services

Therefore, the correct option is c.

3 0
2 years ago
TJ Maxx, a discount apparel and home decor store, recently added an online retail option. It cautiously promoted this online sho
marishachu [46]
<h2>TJ Maxx wanted to minimize <u>brand cannibalization</u></h2>

Explanation:

A) microtargeting : Micro targeting is basically a marketing strategy to identify the need of the people using "data-mining" technique. Normally used by politicians to get people interest during the time of election.

B) brand cannibalization : It is the reduction of one product due to the release of another new product. TJ Maxx is interested more on people visiting more to shops than online.

C) retail mixing : It constitutes of 6 “P's”. They are presentation, personnel, product, place, promotion, price.

D) retail channel omnification: Activities pertaining to the direct marketing are termed as retail channel omnification.

5 0
2 years ago
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