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3 years ago

As the u.S. Price level rises relative to price levels in other countries. True or False

Business

1 answer:

vovangra [49]3 years ago

8 0

Answer:True,

Explanation:The question is As the u.S. Price level rises relative to price levels in other countries. What will happen in the U.S.?

The answer is that consumption and net exports would decline.

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Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following cost

n200080 [17]

Answer:

CVP Income Statement

Sales revenue 2,300,000

Less: Total variable cost 1,171,000

Contribution margin 1,129,000

Less: Fixed cost 664,000

Net Operating income $465,000

Note:

Cost of goods sold 936,000

Selling expenses 119,000

Admin expense 116,000

Total variable cost 1,171,000

Cost of goods sold 473,000

Selling expenses 71,000

Admin expense 120,000

Total Fixed cost 664,000

6 0

3 years ago

Marcus and tony work for lombardo's pipe and concrete. mr. lombardo is preparing an estimate for a customer. he knows that maruc

Lana71 [14]

Given that Marucs lays a slab of concrete in 6 hours and Tony lays the same slab in 4 hours. If both work on the job, the number of hours it will take them to lay the slab is given by:

$\frac{1}{t} = \frac{1}{6} + \frac{1}{4} \\ \\ = \frac{2+3}{12} = \frac{5}{12} \\ \\ \Rightarrow t= \frac{12}{5} =2.4\ hours$

Given that the cost of labor is $44.00 per hour, therefore, the labor estimate should be 2.4 x 44 = $105.60 per slab.

7 0

3 years ago

In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New Jersey. At the time of purchas

sattari [20]

Answer:

The answer would be All of the above.

Explanation:

All the above mentioned parties are related with discharge of the chemical and are liable to get the clean up done. Marcantuone and Gieson are liable as they are the owners, Lessees of the dry cleaning establishment are liable as they are the ones who operated on the effected land and Previous owners under whose ownership the lessees had taken the land on lease for a dry cleaning property.

All the parties are liable for the clean up as well as the damage occured post the clean up as well as per the law.

6 0

3 years ago

A decade after world war i ended, a significant event occurred that caused consumer sales resistance, corporate budget cutting a

natta225 [31]

The Great Depression

6 0

3 years ago

The following information pertains to Crane Video Company.

AlekseyPX

Answer:

A. Cash balance per bank $ 9,066

Cash balance per books $9,066

B.Jul'31

Dr Cash $1,216

Dr Expenses for collection $ 26

Cr Note receivables $ 1,200

Cr Interest revenue $ 42

Jul'31

Dr Miscellaneous Expenses $ 34

Cr Cash $ 34

Explanation:

A. Preparation of Bank Reconciliation at July 31

BANK RECONCILIATION

Cash balance per bank, July 31, $7,863

Add Deposit in transit $ 1,800

Less Outstanding checks ($597)

Adjusted cash balance $ 9,066

Cash balance per books, July 31 $7,884

Collection of note receivable $1,216

($1200+$42-$26)

Less Bank service charge ($34)

Adjusted cash balance $ 9,066

B. Preparation of the adjusting journal entries at July 31 on the books of Crane Video Company

JOURNAL ENTRIES

Jul'31

Dr Cash $1,216

Dr Expenses for collection $ 26

Cr Note receivables $ 1,200

Cr Interest revenue $ 42

(To record note collection by bank)

Jul'31

Dr Miscellaneous Expenses $ 34

Cr Cash $ 34

(To record bank service charges)

8 0

3 years ago