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3 years ago

The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:

Business

1 answer:

Alisiya [41]3 years ago

8 0

Answer:

Zenith Travel Service

Statement of Owner's Equity for the year ended August 31, 20Y4:

Capital as of September 1, 20Y3 = $456,000

Additional investment 43,200

Retained Earnings (8,400)

Drawings (21,600)

Capital as of August 31, 20Y4 $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawal = $21,600

Income Statement for the year ended August 31, 20Y4:

Fees earned $899,600

Office expense 353,800

Miscellaneous expense 14,400

Wages expense 539,800 908,000

Net income/Retained earnings ($8,400)

b) Zenith's statement of owner's equity is a financial statement that reports the changes in the equity section of Zenith's balance sheet during the year ended August 31, 20Y4. In other words, it reports the events that increased or decreased Megan Cox's equity over the course of the year from September 1, 20Y3 to August 31, 20Y4.

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The following descriptions illustrate several mistakes that decision makers might have made as they were deciding how to rebuild

Svet_ta [14]

Answer: A) As time went on, Greensburg started to lose residents because of the high taxes associated with creating green city buildings. The Greensburg town council voted to continue building green because the town had already spent so much time and money on the effort.

Explanation:

Escalation of Commitment refers to a situation where an activity done by a person or Organization seems to be on the receiving end of growing negative outcomes and criticism. Yet instead of ceasing the activity, they continue.

This can happen due to a couple of reasons such as Emotional attachment to the action, the need to show consistency and the fact that so much may have already been spent that there will be a feeling of abject failure if the activity is cancelled and defeat acknowledged. This last reason is where the town of Greensburg falls under. They can clearly see that building the city is having a negative impact on the town but they keep going because so much has been spent already that to turn back now would be failure and defeat.

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3 years ago

right-to-work laws stipulate that a person cannot be denied employment because of membership or nonmembership in a labor union o

LekaFEV [45]

It is true that right-to-work laws stipulate that a person cannot be denied employment because of membership or non-membership in a labor union or other labor organization.

The concept of the right to work is that people have a human right to work or engage in productive employment and should not be denied that right. The right to work is recognized in international human rights law through its inclusion in the International Covenant on Economic, Social, and Cultural Rights, where the right to work emphasizes economic, social, and cultural development.

The right to work was also enshrined as a fundamental right of citizens in the Soviet Union's constitution. The Human Rights Measurement Initiative assesses countries' right to work based on their level of income.

Learn more about right to work here:

brainly.com/question/14711960

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2 years ago

Recently, the Economist Intelligence Unit investigated the status of democracies around the globe. Relying on 60 indicators that

Verdich [7]

Answer:

The correct answer is (B)

Explanation:

Economist intelligence unit is a survey institution that emphasis on various economic, social and political indicators. Countries around the globe are having a different set of government institutions. According to the economist intelligence unit considering various factor concluded that almost half of the world's democracies are full or flawed democracies which means the elections are fair and transparent.

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3 years ago

The difference between revenue and cost of goods sold is called:

Sphinxa [80]

Answer:

gross profit

Explanation:

Revenue is the income gained through the sales of goods and services to customers. It is the money received from customers when they buy from a business.

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Gross profit is equal to sales minus direct costs. Revenue is the same as sales, and direct costs are similar to the costs of goods sold. Therefore, revenue minus costs of goods sold is equal to gross profit.

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3 years ago

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The answer I think it is ,is (B.)

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