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3 years ago

A wealth gap is an economic difference between

Business

2 answers:

horrorfan [7]3 years ago

7 0

Answer:

B. Economic classes

Explanation: its correct on eadg

vagabundo [1.1K]3 years ago

5 0

Answer:

Economic Classes Ed.2020

Explanation:

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Assume the following data for Cable Corporation and Multi-Media Inc.

Tatiana [17]

Answer:

a-1 Cable Corporation 13.05

Multi-media Inc. 33.1%

a-2 Multi-Media Inc.

2. Cable Corporation Multi-Media Inc.

Net income/Sales 9.84% 5.19%

Net income/Total assets 7.76% 14.51%

Sales/Total assets .79 times 2.80 times

Debt/Total assets 40.55% 56.17%

Explanation:

a-1. Computation to determine the return on stockholders’ equity for both firms.

CABLE CORPORATION

Using this formula

Return on Stockholders’ Equity= Net Income / Stockholder’s equity

Let plug in the formula

Return on Stockholders’ Equity=$31,200 / 239,000

Return on Stockholders’ Equity= 0.1305*100

Return on Stockholders’ Equity=13.05%

MULTI-MEDIA INC.

Return on Stockholders’ Equity=$140,000 / 423,000

Return on Stockholders’ Equity= 33.1%

a-2. Based on the above calculation the firm that has the higher return is MULTI-MEDIA INC.

b. Computation for the following additional ratios for both firms.

Cable Corporation Multi-Media Inc.

Net income/Sales 9.84% 5.19%

($31,200/317,000=9.84%)

($140,000/2,700,000=5.19%)

Net income/Total assets 7.76% 14.51%

($31,200/402,000=7.76%)

($140,000/965,000=14.51%)

Sales/Total assets .79 times 2.80 times

(317,000/402,000=.79 times

(2,700,000/965,000=2.80 times)

Debt/Total assets 40.55% 56.17%

(163,000/402,000=40.55%)

( 542,000/965,000=56.17%)

4 0

3 years ago

For seven years, Stanford Owens has run a successful practice that helps small businesses file their taxes, become incorporated,

Shalnov [3]

Answer:

The answer id: D) Yes, because Stanford and DiggyWerx each receive a benefit and incur a detriment.

Explanation:

Both Stanford and DiggyWerx both receive a benefit from this contract; Stanford gets $5,500 and DiggyWerx gets accounting services for six months.

They both also incurred detriment since; Stanford promised to perform his accounting duties and DiggyWerx promised to pay him money.

Both parties incurred detriment (promised to do something) and something of value is exchanged benefiting both parties, so consideration exists and therefore the control is enforceable.

6 0

3 years ago

What motivates people to comparison shop?

mestny [16]

D)the desire to get the most for their money.

6 0

3 years ago

For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP

aliina [53]

Answer:

(a.) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. – This will fall under the category of Government Spending(G)

Reason: In this case the government is utilizing money in order to construct highway that will benefit public.

(b.) Musashi buys a sweater made in Guatemala –This will fall under the category of imports(M)

Reason: The product/commodity is being produced outside domestic boundaries, hence it is calculated under imports

(c.) Rina gets a new refrigerator made in the United States. - This will fall under the category of consumption(C)

Reason: Commodities produced within the domestic boundaries and further consumed or bought within domestic boundaries will be calculated under consumption

(d.) Rina's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. - This will fall under the category of exports(X)

Reason: Here the maple syrup is being delivered to a third party living abroad so it will be calculated under export .

(e.) Musashi's employer upgrades all of its computer systems using U.S.-made parts. - This will fall under the category of investment(I)

Reason: Money spent to upgrade the system in order to increase productivity and this indeed will have an effect for a long duration. Therefore it'll be seen as an investment.

6 0

3 years ago

Oriole Company issues $200,000, 20-year, 9% bonds at 104. Prepare the journal entry to record the sale of these bonds on June 1,

user100 [1]

Answer:

Dr Cash $208,000

Cr Bonds payable $200,000

Cr Premium on bonds payable $8,000

Explanation:

Preparation of the journal entry to record the sale of these bonds on June 1,

Based on the information given we were told that the company issues the amount of $200,000 at 104 which means the that the journal entry to record the sale of these bonds on June 1 will be:

Dr Cash $208,000

(2,000 × $104)

Cr Bonds payable $200,000

(2,000 × $100)

Cr Premium on bonds payable $8,000

(2,000 ×$4)

Note:-

$200,000/100 =$2,000

3 0

3 years ago