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3 years ago

Renting a car and paying $15 per day plus $.03 per mile driven is an example of what type of cost?

1 answer:

8 0

Actually the 15 dollars o a day would make it a fixed cost, but the 3 cents per mile is a variable cost.......hope I helped out, even if it was just a tad bit :)

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Which of the following statements is incorrect?

DedPeter [7]

Answer:

E. All information systems support businesses.

Explanation:

All information systems do not support businesses because it's there's many types of information systems such as Executive Support Systems , Management Information Systems (MIS), Decision Support Systems , Knowledge Management Systems , Transaction Processing Systems and Office Automation Systems and it depends on the purpose of that information system in particular, whether it supports businesses or not

4 0

3 years ago

Using the following year-end information for WorkFit calculate the acid-test ratio:

ASHA 777 [7]

Answer:

0.97

Explanation:

The computation of the acid-test ratio is given below:

= Quick assets ÷ current liabilities

= (cash + short term investment + account receivable + supplies) ÷ (accounts payable + wages payable)

= ($58,110 + $14,000 + $58,000 + $5,600) ÷ ($108,000 + $31,900)

= $135,710 ÷ $139,900

= 0.97

7 0

3 years ago

John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D

ivolga24 [154]

Answer:

a) December 31, 2013 Owner's equity = 508,000

b) December 31, 2014 Owner's equity = 420,000

Explanation:

Accounting Equation Formula: Owner's Equity = Assets - Liabilities

A) Way to Go LLC December 31, 2013

Owner's Equity = Assets – Liabilities

Owner's Equity = 669,000 – 161,000

Owner's Equity = 508,000

B) Way to Go LLC December 31, 2014

Owner's Equity = Assets – Liabilities

Owner's Equity = (669,000-127,000) – (161,000-39,000)

Owner's Equity = 420,000

6 0

3 years ago

Which of the following statements is CORRECT?

cestrela7 [59]

Answer:

C) Capital market instruments include both long-term debt and common stocks.

Explanation:

Capital market instruments include several types of financial instruments like stocks, bonds, US securities, foreign exchange, etc.

Since these financial instruments are basically debt and equity instruments, they are called securities. So another term used to refer to capital markets is the securities market. Capital markets are divided into two main classifications: primary markets where recently issued securities are traded, and secondary markets where investors trade previously acquired securities.

7 0

3 years ago

Mary worked for a GM factory in Detroit all her life. Unfortunately, when GM closed the plant because of restructuring, she coul

frutty [35]

Mary would be counted as an example of: structural unemployment.

<h3>What is structural unemployment?</h3>

Structural unemployment can be defined as the situation where a person remain unemployed due to restructuring of the person formal place of work or due to changes in the economy.

This person may tend to find it difficult getting another job despite jobs are available because the skills the person has does not match the skills an employer of labor is looking for.

Inconclusion Mary would be counted as an example of: structural unemployment.

Learn more about structural unemployment here:brainly.com/question/7493146

6 0

2 years ago