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Cerrena [4.2K]
3 years ago
8

The following transactions occurred during July: 1. Received $1,350 cash for services performed during July. 2. Received $6,950

cash from the issuance of common stock to owners. 3. Received $675 from a customer as payment for services performed during June. 4. Billed $4,400 to customers for services performed on account in July. 5. Borrowed $3,000 from the bank and signed a promissory note. 6. Received $1,825 from a customer for services to be performed during August. As a result of these transactions, what is the amount of the increase to the Cash account
Business
1 answer:
algol [13]3 years ago
5 0

Answer:

$13,800

Explanation:

The amount of the increase to the cash account is shown below:

= Received cash + received cash + received cash + borrowed amount + received cash

= $1,350 + $6,950 + $675 + $3,000 + $1,825

= $13,800

Hence, the above formula is applied

Therefore the increase in cash account is $13,800

And, the same is to be considered

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Refer to exhibit 20-2. the market for good x is initially in equilibrium at $5. the government then places a per-unit tax on goo
Tema [17]

Answer:

45%

Explanation:

The market for good x is initially in equilibrium at $5. the government then places a per-unit tax on good x, as shown by the shift of s1 to s2.

As a result of the shift in the supply curve a new equilibrium price is established at $6.25

That implies that the share of the burden that consumers will bear is $1.25 (which represents 55% portion of the tax) - the difference between the previous and new equilibrium prices.

The other 45% portion of the tax will be borne by the producers

7 0
3 years ago
What makes a project productive? What makes a project counterproductive? Explain.
sineoko [7]

Answer:

Productive projects mean people are benefitting from the projects, a counterproductive project would mean resources are being wasted and no one is benefiting. When property rights are well defined and enforced, businesses in a market economy will then have a strong incentive to undertake productive projects.

Explanation:

3 0
3 years ago
What may a vertically integrated company need to do when there are improvements in technology at the supply stage of the value c
Gelneren [198K]

Answer:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

Explanation:

You didn't provide the options but I searched online and got the options from which the correct answers were chosen.

Vertical integration occurs when the suppliers or retailers is being controlled or owned by a company and hence, control its supply chain. This brings about reduction in costs and the improvement in efficiencies.

When there are improvements in technology at the supply stage of the value chain, the company will need to:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

3 0
2 years ago
A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o
Leona [35]

Answer: it can produce that good using fewer resources than its trading partner

Explanation:

A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.

Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.

6 0
2 years ago
Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have
zzz [600]

Answer:

utilitarian approach.

Explanation:

Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.

Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.

Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.

The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.

<em>Hence, the executive of Cherries on Top is practicing the utilitarian approach. </em>

8 0
3 years ago
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