All categories

3 years ago

Match each balance sheet item to its correct category.

Business

1 answer:

vodomira [7]3 years ago

4 0

Answer:

See below

Explanation:

Assets, Liabilities, and Equity form the basis for preparing the balance sheet. They make the accounting equation of Assets= Liabilities + Equity.

Assets are the valuables a business owns. They can be in the form of cash, money in the banks, financial instruments, properties, machines, or motor vehicles.

Assets will be

Cash
computers,
furniture

Liabilities are what the business owes to third parties and supplies. Liabilities are usually in the monetary form, such as loans, rent, and accounts payable.

Liabilities

Rent,
Loan
wages payable,

Equity is the owner's contribution to the business. They include capital and retained earnings.

Equity

retained owners
personal investment earnings,

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mote1985 [20]

To solve for units sold at an income of $200,000:

First, I would subtract the variable cost of $8 from the unit sales price of $18 dollars which gives you $10.

Unit profit = $10

Fixed costs = $200,000

How many units need to be sold to earn an income of $200,000?

40,000 units x $10 = $400,000 - $200,000 = $200,000

40,000 units need to be sold to earn an income of $200,000.

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3 years ago

Beginning inventory for the month contained 3,000 units that were 35% complete with respect to materials. 57,000 units were comp

notka56 [123]

Answer: 57,550 units

Explanation:

When using the weighted average method, the units completed and transferred out are assumed to include the opening inventory.

The weighted average equivalent units are therefore:

= Units completed and transferred out + Equivalent ending units

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3 years ago

If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs. a. Th

Alex Ar [27]

Answer:

The answer is B.

Explanation:

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Option A is incorrect because money raised from someone makes the person borrowing a borrower and not a saver.

Option C and D are incorrect because the items needed for the business are not consumables, they are needed for the smooth running of the business, hence they are not consumption.

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3 years ago

A mortgage broker advertises a 30-year fixed-rate loan at a 2.00% rate. After the borrower arrives at the office and begins an a

Contact [7]

Answer:

Truth in Lending Act (TILA)

Explanation:

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This ultimately implies that, a mortgage broker acts as an intermediary (middleman) by connecting a creditor (lender) to those seeking to get a loan (borrower).

The Truth in Lending Act (TILA) also known as Consumer Credit Protection Act (CCPA) is a federal law of the United States of America that was enacted by the 89th US Congress and signed into law by President Lyndon B. Johnson on the 29th of May, 1968.

The main purpose of this federal law (Act) is to protect the consumer while using credit by mandating businesses to provide a full disclosure of the terms and conditions with respect to the credit.

According to the Truth in Lending Act (TILA), businesses are required to explain all collection fees, finance charges, late charges and interest charges up front before the time of service or application process commence.

In this scenario, a mortgage broker advertised a 30-year fixed-rate loan with an interest rate of 2.00%.

However, when the borrower arrived at the office of the mortgage broker and begins an application, the broker then went ahead to explain that the 2.00% interest rate is no longer available because his office was only able to do a limited number of them.

Thus, this broker is in violation of Truth in Lending Act (TILA).

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3 years ago

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svlad2 [7]

Answer:

b. not protected by the First Amendment

Explanation:

Based on the information provided within the question it can be said that the Julia's website is not protected by the First Amendment. This is because the Supreme Court has never interpreted freedom of speech to allow the inclusion of obscenities. Which "threatening posts about celebrities" would fall under the category of obscenity and not be protected under the First Amendment.

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