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kakasveta [241]
3 years ago
13

Which list of accounts below, identifies only accounts that would appear on a balance sheet. Multiple choice question. Supplies

Expense, Supplies, Dividends Rental Revenue, Accounts Payable, Accounts Receivable Common Stock, Equipment, Accounts Payable Wages Expense, Cash, Supplies g
Business
1 answer:
Crank3 years ago
8 0

Answer:

See below:

Explanation:

supplies, dividends, accounts payable, accounts receivable, common stock, equipment, accounts payable, cash

the last one is “supplies g” ? I don’t know what this is supposed to be. Supplies was already listed and is on the balance sheet. Supplies expense was also already listed and is not on a balance sheet.

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Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition. Will this necessarily result
Akimi4 [234]

Answer:

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

Explanation:

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition.

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

2. Under the conditions that price is in-elastic, revenue will rise,

Under the conditions that price is elastic, revenue will fall,

Depending on the mix of reaction, if there is a 50% elasticity and 50% in-elasticity, revenue may remain the same.

3. Explain this process, focusing on the relationship between the increased revenue from students enrolling at ASU despite the higher tuition

<em>This would mean that schooling at ASU has an inelastic demand as earlier stated.</em>

4. Explain the process of  lost revenue from possible lower enrollment.

<em>This would mean that schooling at ASU has an elastic demand as earlier stated.</em>

5. If the true price elasticity were -1.1, what would you suggest the university do to expand revenue?

<em>Above unitary elasticity implies that the demand for the school is very elastic i.e. revenue will fall with increase in tuition fees</em>

<em />

6. If I were the president of ASU, I would tackle this problem <em>based on what I have learned about price elasticity by reducing tuition fees a little to increase revenue much more since the price elasticity is above 1.</em>

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6 0
4 years ago
g Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patter
Tpy6a [65]

Answer:

d. substitution bias.

Explanation:

Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. The problem this creates for inflation calculations is called substitution bias.

A problem with the Consumer Price Index (CPI) arises from the singular fact that, when the price level of a product becomes relatively less expensive or lower, consumers tend to buy more quantity of the product and consequently, a lesser quantity of goods that are relatively more expensive.

Hence, their spending pattern changes with respect to the prices but it's not completely adjusted with the Consumer Price Index (CPI), thus, making the inflation rate to differ because of the problem of substitution bias.

6 0
3 years ago
Edward is a partner in ENS, Ltd. The partnership generated a loss during the current year. Edward's share of the loss was $7,000
antiseptic1488 [7]

Answer:

Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the  partners.

3 0
3 years ago
Manufacturers use wholesalers and retailers becauseA. they have no other choice.B. they do not cost much.C. they create value fo
KiRa [710]

Answer:  Option C

Explanation: Manufacturers refers to the entity producing a good while wholesaler are the second in supply chain who procures the product from manufacturer in bulk.

The retailer is the entity that deals with the final consumer in the market. The retailer creates value to the customer by making the product available in small distance, and in timely manner.

Thus, the retailer is sued by manufacturer and wholesaler as they create value to the customer.

4 0
4 years ago
When an interest-bearing note is dishonored at maturity and ultimate collection is expected, the entry for the dishonoring, assu
tresset_1 [31]

Answer:

The correct answer is C. a credit to Notes Receivable and Interest Revenue.

Explanation:

When this registration is made, what occurs is to decrease the obligation they have with our organization, and an increase in income due to the recognition of the interests effectively recognized at the expiration of the obligation. Dishonoring the note means recognizing that we no longer have a callable value, and that the value receivable is extinguished as a result of the end of the agreed period of permanence.

8 0
4 years ago
Read 2 more answers
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