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3 years ago

PLEASE HELP ME ASAP PLEASE!!!!

Business

1 answer:

Dmitry [639]3 years ago

5 0

Answer:

C. all goods and services that are in demand

Explanation:

Macroeconomics, as a branch of economics, is concerned with the performance of the economy as a whole. Macroeconomics studies the key economic indicators such as unemployment rate, growth rate, aggregate demand, inflation, and price levels. The government uses data form macroeconomic analysis to formulate policies and strategies for the country.

While microeconomics will be concerned with the income and expenditures of individuals and households, Macroeconomic will consider the consumption and revenues of the entire population. Microeconomics studies the demand for a single product. Macroeconomics focuses on the aggregate demand for products and services in a country, which is more like the GDP.

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In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago

a. Depreciation on the company's equipment for the year is computed to be $11,000. b. The Prepaid Insurance account had a $9,000

Aleks [24]

Answer:

depreciation expense 11,000 debit

acc dep equipment 11,000 credit

insurance expense 7,430 debit

prepaid expense 7,430 credit

supplies expense 2,604 debit

supplies 2,604 credit

unearned revenue 8,000 debit

service revenue 8,000 credit

rent expense 3,730 debit

prepaid rent 3,730 credit

wages expense 3,000 debit

wages payable 3,000 credit

Explanation:

9000 insurance - 1,570 unexpired = 7,430 expired

supplies

beginning 420

purchased 2,680

ending (496)

consumed: 2,604

as the service were earned we decrease the unearned amount and recognzie our service revenue

we are given with the expired amount of the rent so we declare it.

same goes for wages, we are givne with the accrued amount

5 0

3 years ago

According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.

Rainbow [258]

Answer:

a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.

$9,800

b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.

Dr FICA Social Security expense 6,600
Dr FICA Medicare expense 1,650
Dr Federal unemployment tax expense 200
Dr State unemployment tax expense 1,350
Cr FICA Social Security payable 6,600
Cr FICA Medicare payable 1,650
Cr Federal unemployment tax payable 200
Cr State unemployment tax payable 1,350

Explanation:

payroll taxes should be:

social security $110,000 x 6% = $6,600

Medicare $110,000 x 1.5% = $1,650

federal unemployment $25,000 x 0.8% = $200

state unemployment $25,000 x 5.4% = $1,350

total = $9,800

Both employees and employers must pay equal amounts of FICA taxes (social security and medicare), but only employees pay unemployment taxes.

8 0

3 years ago

One of the purposes of the US judicial system is to _____.

Norma-Jean [14]

the answer is B, resolve conflicts peacefully

5 0

3 years ago

Read 2 more answers

As a manager of XYZ Company, you are assigned to resolve a conflict between two departments in your organization, Department A a

Leokris [45]

Answer:c

Explanation:

4 0

4 years ago