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3 years ago

The exchange between two or more countries is called

1 answer:

4 0

Foreign trade or international trade. This involves the exchange of goods and services between the citizens.

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The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $

Masteriza [31]

Answer:

a. Journal entry to record music lesson

Date Account title and Explanation Debit Credit

October Cash $12,500

Service revenue $12,500

(To record music lesson for cash)

b. Journal entry to record prepaid insurance purchase

Date Account title and Explanation Debit Credit

October Prepaid insurance $3,660

Cash $3,660

(To record prepaid insurance paid for next year)

c. Journal entry to record musical equipment purchased

Date Account title and Explanation Debit Credit

October Equipment $15,500

Cash $15,500

(To record musical equipment purchase for cash)

d. Journal entry to record

Date Account title and Explanation Debit Credit

October Cash $21,000

Notes payable $21,000

(To record loan taken by signing a note)

6 0

3 years ago

Timothy and his wife are considering the purchase of a new car. In addition to the price, they are also considering the cost of

Ivenika [448]

Answer:

The correct answer is D

Explanation:

Consumer cost is the cost which is described as the price of the product and also encompasses the cost of the purchase, post use cost and the use costs.

The cost or expense of the purchase comprise or involve the cost of information gathering, searching the product regarding or in relation to the product as well as the cost of obtaining or acquiring the information.

Therefore, they are considering the price and also the license fees, insurance, finance charges and maintenance. So, all of the factors states the consumer cost.

3 0

3 years ago

Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year:

Zarrin [17]

Answer:

the total overhead cost is $1,560

Explanation:

The computation of the total overhead cost for product X is given below:

Setup cost = 40,000 ÷ 200 × 4 = 800

Ordering cost = 20,000 ÷ 1,000 × 8 = 160

Maintenance cost = 50,000 ÷ 5,000 × 50 = 500

Power = 10,000 ÷ 10,000 × 100 = 100

Hence, the total overhead cost is $1,560

6 0

3 years ago

Discuss 5 sources of government revenue in the economy

Marina86 [1]

The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.

7 0

2 years ago

Identify the goal of outsourcing governance procedures. Group of answer choices To report on the fairness of the presentation of

VashaNatasha [74]

Answer:

To ensure that the outsourcing initiative succeeds, even as personnel, business needs, and operating conditions change

Explanation:

Outsourcing

This is simply regarded as a form of an arrangement through which one company in contact with another organization mainly to give or provide services that ordinarily could be provided by company employees.

Reasons why organizations outsource

1. To cut costs

2. To improve focus

3. To upgrade capabilities and services

4. Fasten or accelerate time to market etc.

There are several issues associated with outsourcing. They includes:

1. There is the problem of decreasing employee Morale

2. Quality problems

3. Legal issues

3. Negative impact on customer relationships and satisfaction

4. Data security and integrity issues etc.

The objective of outsourcing is to save money and/or provide better service. It aim to lessen or free up development staff to cutoff peaks and valleys in the staffing cycle.

7 0

3 years ago