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3 years ago

Identify the type of accounts that would appear on a firm's income statement

Business

2 answers:

ANEK [815]3 years ago

5 0

Assets, Six month period, Revenues, Firms address

Elina [12.6K]3 years ago

5 0

Answer: Revenues and Expenses

Explanation:

Revenue can also be called sales or income. Revenues can be defined as the amount of money realized through the sales of products or any other ventures. A company's revenue is not stable because of the change in demand of products. Revenues refers to a company's income where expenses are deducted. Surplus revenue is recommended so as to cover expenses and reduce deficit.

Expenses on the other hand, can be defined as any cost that a business organization incurs such as payment of staffs, purchases. Expenses isn't also stable but can be controlled. It is possible to reduce expenses by cutting cost. Business organizations compares their expenses with revenues so they do not exceed revenues to avoid having deficit.

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In 2014 the average cost of a four year college is $26,017. How much is a four year college expected to cost in 2034 based on 7%

Oksana_A [137]

Answer:

i think the answer is $27,350

Explanation:

i hope it help

6 0

3 years ago

BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%." If the Prime Rate increases from

Brrunno [24]

The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.

In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.

The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.

Hence the correct answer is:

b. Increase in A.P.R by 1%

4 0

3 years ago

Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the elasticities of output with respect to capi

Rainbow [258]

Answer:

The output growth rate is 3%.

Explanation:

Use the growth accounting equation as follow

ΔA% = ΔY% - αΔK% - βΔL%

Where

∆A = change in productivity = 2%

∆K = growth in capital =

∆L = growth in labor =

α = elasticity of capital = 0.2

β = elasticity of labor = 0.8

∆Y = change in output = ?

Placing values in the formula

2% = ΔY% - ( 0.2 x 1% ) – ( 0.8 x 1% )

2% = ΔY% - 1%

ΔY% = 2% + 1%

ΔY% = 3%

Hence, the output growth rate is 3%.

7 0

3 years ago

"Bill thought he had received the best deal on his new car. Shortly after the purchase, Bill started to notice certain disadvant

prohojiy [21]

Answer:

Cognitive dissonance

Explanation:

Cognitive dissonance is the term which occurs or happen when the tension arises among the attitudes or beliefs of the person and the decision that contradicts with those pre- existing thinking modes.

In short, it means that it occurs when a person select among the two equally unappealing or equally attractive options.

So, in this case, Bill thinks that he had received the best deal for the car, but after purchasing, he noticed the disadvantages of the car as he learned regarding the new cars. Therefore, he is experiencing the cognitive dissonance.

6 0

3 years ago

Explain the importance of profit to the economy.

Kay [80]

Answer:

Explanation:

Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products

4 0

3 years ago