What is - x when x=12

The following transactions occurred during April 2021 at the Kanthere, a retailer selling headphones. For the selected transacti

Dmitry_Shevchenko [17]

Answer:

Assets = Liabilities + Stockholders’ Equity = -$6,500

Explanation:

Note: See the attached excel file for recording of the impact (increase or decrease) of April 2021 transactions on the accounting equation.

From the attached excel file, we can obtain the following:

Assets = Total assets = -$99,900 + $90,000 + $600 + $2,800 = -$6,500

Liabilities = Total liabilities = $600

Stockholders’ Equity = Total Stockholders’ Equity = -$7,100

Liabilities + Stockholders’ Equity = $600 - $7,100 = -$6,500

Therefore, the accounting equation holds as follows:

Assets = Liabilities + Stockholders’ Equity = -$6,500

Download xlsx

5 0

3 years ago

Growers Mart buys one hundred cases of berries from Hilltop Farms. The parties agree that the berries will be transported "F.O.B

77julia77 [94]

Answer:

Grower Mart

Explanation:

("FOB shipping point" or "FOB origin")is a term that stands for from the point of origin. This means that the buyer incur any risk and takes delivery of the goods once the seller ships the goods. The supplier records it as a sale at the point of departure from its shipping dock. meaning that the purchaser pays the shipping cost from the factory or warehouse and gains ownership of the goods as soon as it leaves its point of origin.

When the term "F.O.B. Hilltop Farms" it means it is from the point of origin

6 0

3 years ago

What effect does the entry of new firms have on the economic profits of existing firms? When new firms enter a monopolistically

Ronch [10]

Answer:

decrease and demand curve will shift to the left.

Explanation:

When new firms enter a monopolistically competitive market, the economic profits of existing firms will decrease. This is because, new firms enter an existing market if they spot a profit opportunity . The entry of these new firms will therefore increase the quantity of products or services supplied in the market which gives consumers more choices and substitutes. As a result, the demand curve of the existing firms will also shift to the left. because their

7 0

3 years ago

During the recession of 2007âˆ’2009, the U.S. federal governmentâ€™s tax collections fell from about $2.6 trillion down to about

Varvara68 [4.7K]

Answer: A. Yes

Explanation: The US tax system has built-in stabilizers which help when the economy is down.

Built-in stabilizers are economy policies of government which are triggered automatically to stabilize the economy when it experiencing a downward movement or an unexpected growth in an excessive way without the explicit intervention of the government. An example of this is unemployment insurance.

7 0

3 years ago

The minimum wage is increased from $7.25 to $9.00 per hour. Calculate the elasticity of demand for fast food workers over the re

deff fn [24]

Answer:

As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.

Explanation:

By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get,

LD1 = 95-3(7.25) = 73.25

LD2 = 95-3(9) = 68

Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33

The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.

4 0

3 years ago