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3 years ago

Government can reallocate resources of an economy through taxes, ________ payments, and by providing direct services..

Business

1 answer:

malfutka [58]3 years ago

5 0

Answer:

B. transfer

Explanation:

Transfer payment is when income is received and neither goods or services are exchanged.

Transfer payment is a form of reallocation of resources.

I hope my answer helps you

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The unadjusted trial balance at the end of the year includes the following: Accounts receivable $106,000 Allowance for doubtful

frez [133]

Answer:

$5,200

Explanation:

Calculation for the bad debt expense to be recorded for the year

Using this formula

Bad debt expense= Ending balance in allowance for doubtful accounts - Unadjusted allowance for doubtful accounts

Let plug in the formula

Bad debt expense= $ 7,000 - $ 1,800

Bad debt expense= $ 5,200

Therefore the amount of bad debt expense to be recorded for the year will beb $ 5,200

4 0

3 years ago

Morocco desk co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to reco

Natali [406]

Answer:

Option (a) is correct.

Explanation:

Given that,

Lumber purchased = 6,000 feet

Cost per foot (actual price) = $6

Standard price for direct materials = $5

Cost of purchasing material:

= Quantity of lumber purchased × Price per foot

= 6,000 × $6

= $36,000

Direct materials price variance:

= (Standard Price - Actual Price) × Actual Quantity purchased

= ($5 - $6) × 6,000

= $6,000 Unfavorable

Therefore, the journal entry is as follows:

Direct Materials A/c Dr. $30,000

Direct Materials Price Variance A/c Dr. $6,000

To Accounts Payable 36,000

(To record the purchase and unfavorable direct materials price variance)

7 0

3 years ago

Which of the following is the function of a review in a presentation?a. gaining buy-in on specific actionsb. justifying your vie

Anettt [7]

Answer: Which of the following is the function of a review in a presentation? A. gaining buy-in on specific actions

Explanation: If you give a presentation and want to know what others actually think about your product, see what they do afterwards. If you present an item and viewers are interested, they will purchase the product.

4 0

3 years ago

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The

Rus_ich [418]

Answer:

Direct material quantity variance= $840 unfavorable

Explanation:

Giving the following information:

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product.

The company used 630 pounds of direct materials to make the 7,000 units.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (600 - 630)*28

Direct material quantity variance= $840 unfavorable

3 0

3 years ago

The preparation of a bank reconciliation is an important cash control procedure. If a company deposits cash receipts daily and m

castortr0y [4]

Answer & Explanation :

Bank Reconciliation Statement is prepared to reconcile (match) the differences between bank balance as per cash book & bank balance as per pass book, at end of an accounting period.

The differences may arise because of following reasons :

Errors committed by firm or bank
Cheques paid but not collected, upto the last date (added in cash book, but not in bank balance)
Cheques issued but not yet presented for payment, upto last date (subtracted in cash book, but not in bank balance)
Direct expenses & direct incomes settled by bank (done in bank balance, but not in cash book)

BRS involves starting with balance as per any book - cash book or passbook. Then, the adjustments for mismatch are done, to arrive at correct balance as per the other book.

8 0

3 years ago