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mestny [16]
3 years ago
6

The constitution sets forth specific powers that can be exercised by the national government and provides that the national gove

rnment has the implied power to undertake actions necessary to carry its expressly designated powers. All other powers are expressly reserved to:
A. None of the choices
B. The states
C. The National Government
D. The people
Business
1 answer:
vaieri [72.5K]3 years ago
5 0

Answer:

the constitution sets forth specific powers that can be exercised by the national government and provides that the national government has the implied power to undertake actions necessary to carry its expressly designated powers. All other powers are expressly reserved to:

B. The states

Explanation:

The constitution established that the national government or the federal power can exercise the forth specific powers described by it. However, it also says that the rest of the powers have to be carried out by all the states united under the federal rule and that is included in the tenth amendment of the U.S. constitution.

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Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an
Leya [2.2K]

Answer and Explanation:

The Journal entries are shown below:-

1. Cash Dr, $19,200,000

             To Deferred revenue $19,800,000

(Being receipt of cash for gift cards is recorded)

2. Deferred revenue Dr, $12,200,000

              To Sales revenue $12,800,000

(Being revenue recognized from the redemption of gift cards is recorded)

3. The computation of ending balance in Deferred revenue is shown below:-

Ending balance in Deferred revenue = Sold apples - Redeem amount of the gifts

= $19,200,000 - $12,200,000

= $7,000,000

7 0
3 years ago
You work in the finance division of a company listed in the Stock Exchange. You have just learned that your supervisor has been
stepladder [879]

Answer:

  • Yes it is.
  • Ethical issue ⇒ Insider Trading.

Explanation:

Trading on the stock exchange is supposed to be as fair as possible so that every investor has a fair chance of making returns. If a person - like this supervisor - is using information that is material but not publicly disclosed yet to trade on markets, the fairness of the market is compromised because the person will have an edge over other investors which will enable them make unfair profits.

Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.

Insider trading is not only unethical but also highly illegal. Reporting your supervisor can get them sent to jail.

8 0
3 years ago
Henry bakes loaves of bread, which he sells for $4 each. He is considering purchasing additional mixers (capital) for his bakery
babunello [35]

Answer: The complete table is as follows:

Explanation:

The following are the formulas for calculating marginal product , total revenue and marginal revenue product:

Marginal product = \frac{Change\ in\ Total\ Product}{Change\ in\ Capital}

Total revenue = Price × Quantity

Marginal revenue Product = Marginal product × Price

By using these formulas, I have completed the following table:

6 0
4 years ago
Mullee Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Vari
olasank [31]

Answer:

unitary absorption production cost= $128

Explanation:

The a<u>bsorption costing method</u> includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>First, we need to calculate the unitary fixed manufacturing overhead:</u>

<u></u>

Unitary fixed overhead= 441,000 / 7,000= $63

<u>Now, the unitary absorption production cost:</u>

unitary absorption production cost= 51 + 12 + 2 + 63

unitary absorption production cost= $128

6 0
3 years ago
Jennifer’s Dress Boutique custom makes wedding gowns, and requires customers to pay in advance for the work performed. When a cu
Aleks04 [339]

Answer:

A: Increase Cash $6,000 and increase Unearned Service Revenue $6,000

Explanation:

As the customer is performing the payment in advance, it will generate an obligation to the business to do the wedding gowns. This will not be a revenue; it will be liability for the business until the job is done. While the job is incomplete and undelivered, it will represent unearned service revenue.

7 0
3 years ago
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