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3 years ago

1. Liabilities are amounts you_____.

2 answers:

5 0

1. Liabilities are amounts you <span>owe. The answer to your question is A.

2. From those aforementioned, the one that can </span>potentially increase your savings reduce discretionary spending. The answer to your question is C.

I hope that this is the answer that you were looking for and it has helped you.

NISA [10]3 years ago

4 0

Answer:

1. A. owe

2.C. reduce discretionary spending

Explanation:

1. Liabilities are the obligations (amount owed) of a person or an entity as a result of a past event for which future economic resources such as cash will flow out of the person or entity. Debts is a good example of liabilities.

2. Options A, B and D will reduce savings as savings is a function of the disposal income available and the disposal income is a function of the income and expense.

Therefore, the right option is C. reduce discretionary spending.

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Jumpin Corporation uses the percentminusofminussales method to estimate uncollectibles. Net credit sales for the current year am

Fudgin [204]

Answer:

The amount of Uncollectible Account Expense reported on the income statement will be: $ 64,800

Explanation:

Jumpin Corporation

Percent of Sales method

Net credit sales $ 2 100 000,

Un collectible estimated 3%

Un collectibles Accounts = 3% of $ 2 100,000, = $ 63,000

Unadjusted Allowance for Un collectible Accounts $ 1, 800 Dr.

Required Adjustment = $ 64,800

The amount of Un collectible Account Expense reported on the income statement will be: $ 64,800

In the percent of sales method emphasis is laid on the matching principle in the income statement and amount of bad debts expense is subtracted from the accounts receivables.

5 0

3 years ago

Ivanhoe purchased a patent from Vania Co. for $1,240,000 on January 1, 2018. The patent is being amortized over its remaining le

Julli [10]

Answer: $744,000

Explanation:

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

First, we have to calculate the amortization recorded up to 2019. This will be:

= (1,240,000 / 10) x 2

= 248,000

The we calculate the amortization to be recognized in 2020. This will be:

= (1,240,000 – 248,000) / 4

= 248,000

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

= 1240000 - 248000 - 248000

= $744,000

3 0

3 years ago

Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about e

bekas [8.4K]

Explanation:

Employee motivation is not directly related to the conditions of their work and personal life. There are many studies and researches that seek to understand how the employee is motivated, one of the most accepted and used is the Maslow pyramid, which categorizes each human need in the form of a pyramid of needs, according to him, there are five needs that individuals need to fulfill to be motivated and satisfied in their personal and professional life, they are the physiological needs being the base of the pyramid and the most essential, followed by needs for security, affection, esteem and self-fulfillment.

Therefore, this theory of Maslow's needs is a parameter to understand how the human being remains motivated, and to help organizations to align their processes to fulfill each employee's need for fulfillment, seeking an organizational environment focused on safety, ethics, innovation, benefits monetary, etc.

7 0

3 years ago

Select the correct answer

irakobra [83]

I think it’s b chapter 10

3 0

3 years ago

If the price of good X increases by 2%, and that causes the quantity demanded of good Y to decrease by 15%, then the cross elast

Zina [86]

Answer:

-7.5%

Explanation:

Cross elasticity of demand is the degree of responsiveness of the quantity of a commodity, Y in this case, to the change in the price of another commodity, X in this case.

Cross elasticity of demand is measured as a percentage change in the quantity of commodity Y divided by the percentage in the price of commodity Y. This can be written mathematically as follows:

Ec = % Change in the quantity of commodity Y divided by the percentage in the prie of commodity X.

Where Ec denoted cross elasticity.

Applying the formula to this question, we have

Ec = -15%/2% = -7.5%

Note that under cross elasticity of demand:

1. Two goods are substitute if the value of their cross elasticity of demand is positive. That is, an increase in the price of good one, good X, will lead to an increase in the quantity demand of the second, good Y.

2. Two goods are complimentary if the value of their cross elasticity of demand is negative.That is, an increase in the price of good one, good X, will lead to an decrease in the quantity demand of the second, good Y.

Therefore in this question, goods X and Y are complimentary because the value of their cross elasticity of demand is -7.5% which is negative.

I wish you the best.

4 0

3 years ago