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3 years ago

A budget is a system that _____.

Business

2 answers:

Nata [24]3 years ago

4 0

Answer:

A) keeps track of money that is earned and spent

Explanation:

A budget is a system that keeps track of money that is earned and spent. <em>This is what a budget is.</em>

never [62]3 years ago

3 0

Answer:

keeps track of money that is earned and spent

Explanation:

helps people make more money is incorrect, because a budget is not always a good thing- I can budget 7 million dollars for a new house, but that doesn't necessarily change the fact I won't be able to pay it off ever.

moves money from a checking account to a savings account-

this is not always the case, and a budget itself won't move the money, but this may be an aspect of a budget.

helps automatically pay bills-

It helps pay bills, just not automatically.

Therefore, by the process of elimination, the answer is A.

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John Grey owns Grey's Snow Plowing. In October, he collects $12,000 cash for 6 commercial accounts for which he will provide sno

mote1985 [20]

Answer:

The correct answer is Debit Unearned Plowing Revenue

Explanation:

Earlier the journal entry would be recorded as:

Cash A/c.................................................Dr $4,000

Unearned Plowing Revenue A/c..............Cr $4,000

But the correct entry that should be recorded is:

Cash A/c.................................................Dr $4,000

Plowing Revenue Earned A/c..............Cr $4,000

So, in order to pass the adjusting entry, we should debit the Unearned Plowing Revenue in order to reconcile or nill the same account by debiting.

4 0

3 years ago

If the price of an ice-cream cone falls to $3, the consumer surplus of alexis, bruno, and camila increases by:.

Serhud [2]

The consumer surplus of Alexis, Bruno, and Camila increases by $7.

<h3>What is consumer surplus?</h3>

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Initial consumer surplus = ($12 - $6) + ($8 - $6) = $8

New consumer surplus = ($12 - $3) + ($8 - $3) + ($4 - $3) = $15

Change in consumer surplus = $15 - $8 = $7

Here is information on the question:

Alexis is willing to pay $12, Bruno is willing to pay $8; and Camila is willing to pay $4. The market price is $6.

To learn more about consumer surplus, please check: brainly.com/question/25816093

6 0

2 years ago

Classify each of the following based on the macroeconomic definitions of saving and investment.

prohojiy [21]

Answer:

a. Susan purchases stock in Pherk, a pharmaceutical company. -- Investment
b. Megan buys new bulldozers for her construction firm. -- Investment
c. Larry purchases a certificate of deposit at his bank. -- Saving
d. Raphael takes out a mortgage for a new home in Detroit. -- Saving

Explanation:

The investment is a what is spent on the goods and services that are not consumed but are durable and the savings are what is left over after the national incomes are spent on the consumption of the goods and the services and an purchase of stock.

the buying of the construction firm is a type of investment and the purchase of a certificate of deposit and mortgage for a new home is the type of the saving which is for the future use.

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3 years ago

Playful Pens, Inc., makes a single model of a pen. The cartridge for the pen (which contains the ink) is manufactured on one mac

Elan Coil [88]

Answer:

a) B. Machine 2

b) $220,000

b-2) Yes , positive differential profit.

c-1) $162,000

c-2) Yes , positive differential profit.

Explanation:

B) Differential revenues = $10.40 x 200,000 = $2,080,000

Differential costs:

Variable cost on new production = $5.20 x 200,000 = $1,040,000

Fixed costs = $820,000

differential profit = $2,080,000 - $1,040,000 - $820,000 = $220,000

c) Differential revenues = $10.40 x 100,000 = $1,040,000

Differential costs:

Variable cost increase on current production = ($4.62 - $4.10) x 800,000 = $416,000

Variable cost on new production = $4.62 x 100,000 = $462,000

differential profit = $1,040,000 - $878,000 = $162,000

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3 years ago

1. Use the accounting equation to solve for equity. 2. If next year assets increased by $ 4 comma 200 and equity decreased by $

Paul [167]

Answer:

Amount of Total Liabilities = $6,780

Explanation:

We know that the standard accounting equation is as follows:

Assets = Liabilities + Equity

As with an "=" sign in the equation the left and right side always remains equal.

Thus, for the information provided we have

Increase in assets by $4,200

Decrease in equity by $2,580

Therefore, putting values in equation we have,

+ $4,200 = Liabilities - $2,580

Therefore,

$4,200 + $2,580 = $6,780 = Liabilities

Since the value is positive, there is an increase in value of liabilities by $6,780

5 0

3 years ago