Define liquidity economics.

Free trade is the movement of goods and services between nations without political or economic barriers.

docker41 [41]

Answer:

The correct answer is letter "A": true.

Explanation:

Free Trade exists when nations can swap goods and services without the constraints of tariffs, duties, and quotas. Free trade lets nations concentrate on manufacturing their specialties which are typical products other nations cannot male or produce as well.

7 0

3 years ago

Recording Transactions Using Journal Entries and T-Accounts Receive $40,000 cash in exchange for common stock. Purchase $4,000 o

Paladinen [302]

Answer:

a. See the explanation below for the journal entries.

b. each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a zero ending balance.

Explanation:

a. Recording Transactions Using Journal Entries

The journal entries will look as follows:

Accounts Name Dr ($) Cr ($)

Cash 40,000

Common stock 40,000

(To record cash receipts for common stock.)

Inventory 4,000

Accounts payable 4,000

(To record inventory purchase.)

Account receivable 6,000

Sales 6,000

(To record credit sales.)

Cost of sales 4,000

Inventory 4,000

(To record cost of sales.)

Cash 3,000

Account receivable 3,000

(To cash collected from credit sales.)

Equipment 10,000

Note payable 10,000

(To record purchase of equipment by issuing note.)

Wages 2,000

Cash 2,000

(To record wages paid in cash.)

Note payable 10,000

Cash 10,000

(To record note due paid.)

Dividend 4,000

Cash 4,000

(To record cash dividend paid.)

b. Recording Transactions Using T-Accounts

Note: See the attached excel file for the T-Accounts.

From the attached excel file, each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a no or zero ending balance.

Download xlsx

8 0

3 years ago

Assume that each unit demanded generates $70 in revenue and that each unit ordered costs $50. How much will the company gain or

Vanyuwa [196]

Answer:

Note: The full question is attached as picture below

a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.

The expected value is obtained below:

E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)

E(X) = 60+120+175+90

E(X) = 445

b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.

The gain/loss of the company = (300*(70−50)) - (145*50)

The gain/loss of the company = (300*20) - (145*50)

The gain/loss of the company = 6,000 - 7,250

The gain/loss of the company =−$1,250(Loss)

4 0

3 years ago

Exercise 9-4 Direct Materials Variances [LO9-4] Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the

ANTONII [103]

Answer:

1. The standard quantity 2318kg

2. The standard materials cost allowed $ 16226

3.Materials Spending Variance= 327 Unfavorable

4. The materials price variance 327 Unfavorable

5. The materials quantity variance 1330 Unfavorable

Explanation:

1. The standard quantity of kilograms of plastic (SQ) that is allowed to make 3,800 helmets= 3800* 0.61= 2318kg

2. The standard materials cost allowed (SQ × SP) to make 3,800 helmets= 3800*0.61*7= $ 16226

3. The materials spending variance= Purchase Price Variance= Actual Price *Actual Quantity - Standard Price * Actual Quantity

Materials Spending Variance= $16,553- $ 16226

Materials Spending Variance= 327 Unfavorable

4. The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity) = $16,553- $ 16226= 327 Unfavorable

5. The materials quantity variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity) =( 7* 2,508)- (7*2318kg)= 17556-16226= 1330 Unfavorable

8 0

3 years ago

Maria has a lot of self-confidence and business knowledge. She recently opened a bakery as a sole proprietor. She is expecting a

Arturiano [62]

Answer:

Correct option is (b)

Explanation:

Sole proprietorship is owned by a single person. The business is not separate from the owner and owner is responsible for the liabilities and assets of the organization.

Owners enjoy the entire profits earned from business less taxes paid to the government. Similarly, owners bear the losses incurred from operations.The owner does not have to share profits with anyone like in the case of partnership firms and corporations.

3 0

4 years ago

Define liquidity economics.​

Define liquidity economics.