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3 years ago

Smithland is a nation with a traditional economy. economic decisions in smithland are based on

1 answer:

5 0

The answer is, <span>economic decisions in Smithland are based on "customs of the past".
</span>
Traditional economy refers to an original economic system or framework in which customs, traditions, and convictions help shape the merchandise and the administrations the economy produces, and additionally the principles and way of their circulation. Nations that utilize this kind of financial framework are often rural and farm-based.

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Which one of the following is not correct? For debt issued at par: interest expense reported on the income statement equals the

coldgirl [10]

Answer:

The answer is For debt issued at a discount; interest expense reported on the income statement equals cash interest less amortization of the discount

Explanation:

Effective interest method is an accounting practice used to discount a bond. This method is used for bonds sold at a discount; the amount of the bond discount is amortized to interest expense over the bond's life. As a book value increases, the amount of interest expense increase.

3 0

3 years ago

Start-up costs do NOT include:

Aleonysh [2.5K]

Answer C bc process of elimination

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3 years ago

1. __________ is the act of declaring a drivers license void and terminated when it is determined that the license was issued th

katrin2010 [14]

The answer to the blank space is cancellation.

In the United States, when your driver’s license status is deemed invalid it can be due to several reasons, which are generally categorized into four: <em>suspension, revocation, cancellation, and denial</em>.

A suspended license means that your license is temporarily out of service, perhaps due to receiving too many traffic tickets or driving under the influence (first time). A revoked license means that your license is cannot be reinstated, which can be due to a serious traffic offense or failing a DMV road test. A denied license means that your application for a driving license in denied due to some reasons.

5 0

3 years ago

The following information is related to Kingbird Company for 2020.

Over [174]

Answer:

Attached is the solution:

4 0

3 years ago

Devlin Company has two divisions, C and D. The overall company contribution margin ratio is 30%, with sales in the two divisions

maks197457 [2]

Answer:

b. $100,000

Explanation:

Devlin Company

Calculation for Total company contribution margin

= $500,000 × 30% = $150,000

Calculation for Total company variable expenses

= $500,000 − $150,000 = $350,000

Division C contribution margin ratio

= (Sales − $300,000) ÷ Sales = 0.25

Sales − $300,000 = 0.25 × Sales

(0.75 × Sales) ÷ 0.75 = $300,000÷ 0.75

Sales = $400,000

Therefore Division D sales = Total company sales − Division C sales

= $500,000 − $400,000 = $100,000

Calculation for each Divisions

Total Company Division C Division D

Sales$500,000$400,000$100,000

Less variable expenses$350,000 $300,000 $50,000

Contribution margin $150,000 $100,000$ 50,000

Contribution margin ratio 0.30 0.25 0.50

6 0

4 years ago