1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NeTakaya
2 years ago
7

David Segal started a business. During the first month (October 20--), the following transactions occurred.

Business
1 answer:
zloy xaker [14]2 years ago
8 0

Answer:

Assets = Liabilities + Owner’s Equity (Capital – Drawing + Revenues – Expenses) = $17,017

Explanation:

Note: See the attached xlsx file for the effect of each transaction on the individual accounts of the expanded accounting equation and the report of the total of each element.

In the attached xlsx file, transaction (c) is treated in such a way that the insurance for the month of October 20—is accounted for under the following:

Prepaid Insurance = One-year insurance premium - (One-year insurance premium / Number of months in a year) = $1,000 - ($1,000 / 12) = $1,000 - $83 = $917

Expenses = One-year insurance premium / Number of months in a year = $1,000 / 12 = $83

Download xlsx
You might be interested in
If you buy fewer than 10 pairs of UVex Clear UVExtreme safety eyewear for your employees, the cost is $7.40. But if you buy 10 o
juin [17]

Answer:

quantity discount

Explanation:

A quantity discount is a stimulus rendered to a buyer that brings about a decrease in cost per unit of goods or materials when purchased in greater numbers. A quantity discount is often rendered by sellers to attract customers to purchase in larger quantities.  

The seller is able to sell off more goods or materials, and the buyer gets a more better pricing for them. At the consumer level, a quantity discount can appear as a BOGO (buy one, get one discount) or other incentives, such as buy two, get one free.

7 0
3 years ago
1.05 the market place economic
aalyn [17]

A market economy serves as an  economic system in which economic activities is been controlled by individuals.

<h3>What is market economy?</h3>

market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .

This decision could be  pricing of goods and services  which are been controlled  by the interactions of a country's individual citizens.

COMPLETE QUESTION:

Explain market place economy

Learn more about market economy at:

brainly.com/question/11471834

#SPJ1

8 0
2 years ago
A forensic psychiatrist is asked by a judge to evaluate several forensic patients to identify which ones might be best suited to
Natalka [10]

Answer:

a.) psychiatric research

Explanation:

A research based on psychology is carried out with the sole purpose of analyzing the behavior of an individual or a group of individuals, based on their overall experiences. In this case, the research is also based on analyzing patients to see who is the best fir to participate in a community service project

7 0
3 years ago
PLZ HELP ASAP !! Econ !!
alexandr402 [8]

I'm pretty sure B

Explanation:

I dont knowing I'm correct but give meh a rating if I'm right

7 0
2 years ago
Which of the following is taken into account when measuring the performance of a nation's economy? (Select all that apply.)
tresset_1 [31]
GDP I think is the correct answer
4 0
3 years ago
Other questions:
  • The Peridot Company purchased machinery on January 2, 2019, for $800,000. A five-year life was estimated and no residual value w
    15·1 answer
  • What is 'lowest evaluated bid' ?
    15·1 answer
  • What is one argument in favor of the wealth gap? the lower classes have the opportunity to invest. poor people can easily move i
    5·2 answers
  • The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are
    11·1 answer
  • Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
    14·1 answer
  • Explain how public disclosure is used as a tool to prevent market failures.
    7·1 answer
  • Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $316,547; costs = $219,406; other
    6·1 answer
  • Congress votes to substantially increase the minimum wage. The determinant causing the shift in this scenario is:___________.
    9·1 answer
  • How to choose the answer .
    15·2 answers
  • An economy produces 10 cookies in year 1 at a price of $2 per cookie and 12 cookies in year 2 at a price of $3 per cookie. From
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!