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3 years ago

When does government regulate producers in a mixed-market economy

Business

1 answer:

erica [24]3 years ago

4 0

Answer: always as need as requested never

Explanation:

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Before making month-end adjustments, net income of Bobwhite Company was $232,500 for March. Adjusting entries are necessary for

Juli2301 [7.4K]

Answer:

Net income after adjustment $225,000

Explanation:

The various adjustments are effected below:

$ Note

Net income before adjustment 232,500

Depreciation (4,400) 1

Rental income 910 2

Supplies (310) 3

Fees earned (3,700) 4

Net income after adjustment 225,000

Notes

1 Depreciation represents a consumption of asset hence it is an expense which reduces profit .So, it deducted

2. Rental income accrued implies income earned but not received. So we need to record it for the period it was earned, hence we add it.

3. Supplies used represents consumption of assets, i.e an expense. So, we deduct it from the income.

4. The income received in advance represents unearned income . This would be deducted from the net income

4 0

3 years ago

A b c d

lina2011 [118]

Answer:

Net Sales a. $ 150,000, b. $ 902,500, c.$ 50,600, d.$ 268,500

Gross Profit a. $ 50,850 b. $ 344,755 c. $ 11,638 d. $ 139,083

Gross Margin ratio a. 33.9 %, b. 38.2 %, c. 19.9 %, d. 51.8 %

Explanation:

Computations of data requirements

a b c d

$ $ $ $

Sales 169,000 930,000 57,000 276,000

Less: Sales discounts ( 4,000) ( 21,500) ( 600) ( 5,300)

Less Sales return and allowances ( 15,000) ( 6,000) (5,800) ( 2,200)

Net Sales 150,000 902,500 50,600 268,500

Cost of Goods Sold 99,150 557,745 38,962 129,417

Gross Profit 50,850 344,755 11,638 139,083

Gross Margin Ratio % 33.9 % 38.2 % 19.9 % 51.8 %

5 0

3 years ago

Which conclusion is accurately reflected in the data table? (5 points)

Anna11 [10]

Answer:

As your level of education increases, your income potential also increases.

Explanation:

As per the graph, the highest earners are holders of a doctoral degree, professional degrees, and master degrees. These are highly educated individuals.

At the bottom end, the lowest earners are those with high school diplomas and below.

The graphs clearly illustrate that acquiring a high level of education increases the probability of increased earning.

6 0

3 years ago

A(n) __________ occurs when one party fails to follow the terms of a contract.

melamori03 [73]

Answer:

A breach of contract

Explanation:

A breach of contract occurs when one party fails to follow the terms of a contract

5 0

3 years ago

Read 2 more answers

Who is the only artist to refuse to accept a grammy award?

Mariulka [41]

Answer:
The female artist Sinead O'Connor.

Explanation
Sinead O'Connor refused to accept the Grammy Award for her album in 1990 with the title "I do not want what I haven't got".
The reason that she gave for refusing the award was that the show that accompanied the award was too commercialized and materialistic.

The Grammy Awards began in 1959. A recipient of the award is given a gold plated trophy in the shape of a gramophone, which was an early recording device that followed the invention of the phonograph by Thomas Edison.

8 0

4 years ago