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4 years ago

Free Enterprise is the main economic system used in the United States.

Business

2 answers:

Kamila [148]4 years ago

7 0

Answer:

True

Explanation:

The U.S. economic system of free enterprise operates according to five main principles: the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty.

Butoxors [25]4 years ago

6 0

Answer:

true

Explanation:

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Money that is subtracted and recorded in a bank account is considered a _______________. Group of answer choices debit savings c

saw5 [17]

Answer:

The answer is "debit"

Explanation:

The debit amount should equal the credit amount. This bookkeeping process is called Dual-Input. throughout the mathematical point of view, think of debit as a supplement to the account whereas a credit leaves a checking account so that the cash which is removed and registered on a bank account is a debit.

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3 years ago

Traders from the faraway nation of Chplandia have brought infected goods to market in the capital of Pcoria. As a result, a new

jek_recluse [69]

The implied quality weight is 6/10 = 0.6. A year lived with chpitis scars is only 60% as satisfying as living a year in full health.

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3 years ago

Using the midpoint method, what is the price elasticity of supply from a price of $4.00 to a price of $4.50 per iced coffee?

Elena-2011 [213]

This question is incomplete. The complete question, answer & explanation for this question is given in the attachment below.

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3 years ago

On July 1, Shady Creek Resort borrowed $480,000 cash by signing a 10-year, 10.5% installment note requiring equal payments each

ss7ja [257]

Answer:

c. $50,400

Explanation:

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $480,000 × 10.5%

= $50,400

hence, the interest expense is $50,400

Therefore the correct option is c.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago

The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the

amm1812

Answer:

See the errors identified below.

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answer is now given as follows:

The following errors can be identified in the accountant's adjusting entries:

1.The accountant debited the account receivable for $5,000 (i.e. $23,250 - $18,250 = $5,000) without crediting laundry revenue.

Therefore, we should have:

Correct amount of laundry revenue = Laundry revenue in trial balance + (Adjusted account receivable - Unadjusted account receivable) = $182,100 + ($23,250 - $18,250) = $187100

2. The accountant debited laundry suppliers expense instead of crediting laundry suppliers for $3,000.

3. The the accountant credited Prepaid insurance for $3,600 (i.e. $5,200 - $1,600 = $3,600). However, the insurance expense was debited for $600.

4. Instead of crediting accumulated depreciation, the laundry equipment for depreciation expense was erroneously credited by the accountant for $13,000.

5. A debit of $1,000 to wages expense was not made by the accountant.

<u>Additional Note:</u>

After correcting the errors identified above, the correct adjusted trial balance will look as the one in the attached photo.

5 0

3 years ago