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3 years ago

Goods that are naturally available to all are called

Business

2 answers:

labwork [276]3 years ago

8 0

Free goods Hope this helps! ;D

kkurt [141]3 years ago

4 0

Goods that are naturally available to all are called renewable resources.
Hope this helps you!

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Kelly earned wages of $ 87,240 , received $ 4814 in interest from a savings account, and contributed $ 6070 to a tax deferred re

Vikki [24]

Answer:

$92,054

Explanation:

The computation of the gross income is shown below:

= Wages earned + interest received from a savings account

= $87,240 + $4,814

= $92,054

We simply added the wages earned and the interest received from a savings account so that the accurate amount can come i.e gross income

All other information which is given is not relevant. Hence, ignored it

8 0

3 years ago

The owner of Second Avenue wants to establish a community clothing drive to collect clothes for a local children's shelter. The

Aleks [24]

Answer: A. Public affairs

Explanation: Public affairs have developed over time and is consider a sub discipline or branch of public relation (PR). It is the building of relationship and development between an organization and government, politician and other decision makers.

The owner of second avenue setting up a community clothing drive to collects for local children's shelter, his using "public affairs " tools a branch of public relationship.

8 0

3 years ago

Read 2 more answers

"Columbia Corp.'s required ROI is 10%. Its West Division has revenues of $6,000,000, asset turnover of 1, and ROI of 10%. Calcul

rosijanka [135]

Answer: $600,000

Explanation:

From the question, we are informed that Columbia Corp.'s required return on investment is 10%. Its West Division has revenues of $6,000,000, asset turnover of 1, and ROI of 10%. The the West Division's operating income goes thus:

Revenue= $6,000,000

Asset turnover = 1

It should be noted that assets turnover is calculated as revenue divided by total assets. This will be:

1 = 6,000,000/total asset

Total asset = 6,000,000/1

= 6,000,000

Since return on investment is 10%,

ROI = Operating income/total assets

10% = operating income/6,000,000

0.1 = operating income/6,000,000

Operating income= 6,000,000 × 0.1

Operating Income= $600,000

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3 years ago

During December, Far West Services makes a $3,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.

AlexFokin [52]

Answer and Explanation:

The journal entry for the recording of sales and sales tax payable is shown below:

Accounts Receivable $3,472

To Sales $3,200

To Sales tax payable $192 ($3,200 × 6%)

To Local tax payable $80 ($3,200 × 2.5%)

(Being the sales and sales tax payable is recorded)

For recording this we debited the account receivable as it increased the asset and credited the sales, sales tax and local tax as it increased the revenue and liabilities

6 0

3 years ago

Which of the following transactions is recorded in the purchases journal? A. cash purchase of merchandise inventory B. cash sal

loris [4]

Answer: Option D

Explanation: A specialized type of journal that keeps records of orders made by a business on credit or on account is called purchase journal. In simple words we can say that this journal is used by entities to record all the orders placed using vendor credit or accounts payable.

Therefore, Transactions in option A and B will not be recorded in purchase journal as these are cash transactions and option C is a sales transaction. Thus, purchase of furniture on account in option D is the right answer.

6 0

4 years ago