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3 years ago

A jewelry store has 107.25 ounces of 14-carat gold in stock

1 answer:

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Answer:Superior Exchange in New Haven is a High Paying Buyer and Pawnbroker specialist who are among the top Jewelry Buyers, Precious Metal Buyers, Electronics Buyers, Gold Buyers, Art Buyers and Antique Buyers in Connecticut. Aside from buying, selling and Pawning on anything of value. We strive to be a pawnbroker specialists you can trust, where instant payment is always available with as many Pawns as possible.

Explanation:

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A company has a selling price of $2,000 each for its printers. Each printer has a 2 year warranty that covers replacement of def

pychu [463]

Answer:The company's warranty expense for the month of November is $157,080. 

Explanation:

When the estimated amount is recognized-

Warranties expense A/c (Dr.) = $157,080

Estimated Warranty Liability (Cr.) = $157,080

When the repairs are actually paid, Estimated Warranty Liability will be Debited and Cash will be credited.so, The company's warranty expense for the month of November is $157,080.

i.e. (34,000 × 3% × $154 = $157,080)

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3 years ago

If Good C increases in price by 30% a pound, and this causes the quantity demanded for Good D to increase by 40%, what is the cr

dalvyx [7]

Answer:

1.3

Explanation:

Given:

If Good C increases in price by 30% a pound.

This causes the quantity demanded for Good D to increase by 40%.

Question asked:

What is the cross-price elasticity of the two goods ?

Solution:

We can find the cross-price elasticity of the two goods by this formula:

$E_{c} = \frac{ Percent\ change\ in \a \ quantity \ of \ good \ D}{Percent \ change\ in\ the\ price\ of \ good\ C}$

$E_{c} = \frac{40}{30}= 1.3$

When Good C increases in price by 30% which causes the quantity demanded for Good D to increase by 40%, then the cross-price elasticity of the is Good C and Good D is 1.3.

4 0

3 years ago

Which of the following is an example of a quasi-public good?A) cable televisionB) organic applesC) stock of knowledge in the pub

Roman55 [17]

A public good is a product or service that is available to all members within a society. This type of good is given by the government or a private individual organization without hesitation of who is allowed to use it. Roads are an example of a public good because there is no exclusion on who can drive on a public road. A private good is excludable and only certain people receive the benefits from it. A quasi-public good has characteristics of a private and public good. A. Cable television is an example of a quasi-public good. Cable TV is available to everyone but for everyone to have the TV, they have to pay for it.

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3 years ago

On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabi

Montano1993 [528]

Answer:

Windsor, Inc.

1. Income Statement for the month of June:

Service revenue $ 7,730

Supplies expense 1,100

Maintenance and

repairs expense 700

Advertising expense 400

Utilities expense 200

Salaries & wages expense 1,630

Total expenses $4,030

Net income $3,700

2. Statement of Retained Earnings for the month of June:

Net income $3,700

Dividends paid 1,720

Retained earnings $1,980

3. Balance Sheet as at June 30, 2017:

Assets:

Current Assets:

Cash $ 4,830

Accounts receivable 4,470

Supplies 2,300 $11,600

Long-term assets:

Equipment 26,230

Total assets $37,830

Liabilities + Equity:

Liabilities

Current Liabilities:

Accounts payable $970

Long-term liabilities:

Notes payable 12,460

Total liabilities $13,430

Equity:

Common Stock $22,420

Retained Earnings 1,980 $24,400

Total liabilities + Equity $37,830

Explanation:

a) Data and Calculations:

Trial Balance as of June 30, 2017:

Accounts Titles Debit Credit

Cash $ 4,830

Accounts receivable 4,470

Supplies 2,300

Equipment 26,230

Notes payable $12,460

Accounts payable 970

Service revenue 7,730

Supplies expense 1,100

Maintenance and

repairs expense 700

Advertising expense 400

Utilities expense 200

Salaries & wages expense 1,630

Dividends paid 1,720

Common stock 22,420

Totals $43,580 $43,580

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3 years ago

During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization

Ira Lisetskai [31]

Answer:

C. $94,500

Explanation:

See attached file

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3 years ago