What is the mental and physical effort made by humans for the production of goods and services?

At August 31, 2022, Carla Vista Company has this bank information: cash balance per bank $10,690; outstanding checks $840; depos

Igoryamba

Answer:

$11,650

Explanation:

The adjusted cash balance per bank at August 31 2022 is calculated as;

= Cash balance per bank - Outstanding checks + Deposits in transits

Given that;

Cash balance per bank = $10,690

Outstanding checks = $840

Deposits in transits = $1,800

= $10,690 - $840 + $1,800

= $11,650

Therefore the adjusted cash balance per bank is $11,650. It means that the cash balance per bank statement has to be adjusted to accommodate outstanding checks and deposits in transit. For outstanding checks , they are checks that have not yet been found on the bank statement , while deposits in transit are those deposits, that have not yet been found or appear on the bank statement.

8 0

3 years ago

The term efficiency units of labor is the ____________. A. slope of the production function at the steady-state equilibrium po

Thepotemich [5.8K]

Answer:

The correct answer is b) Product of the number of workers and the level of human capital

Explanation:

The efficiency unit of labor is determinate as a product of the total number of workers in the economy, where the human capital is the best indicator of productivity

5 0

3 years ago

The team that is planning the annual company sales meeting has members in several offices. They need to have a conversation abou

White raven [17]

Answer:

C

Explanation:

The question is asking what method of communication will be used by a team having to plan for the annual sales meeting.

This can be achieved by having a conference call. A conference call will provide the necessary framework needed by the members of the committee to communicate their thoughts effectively to all other members of the group. With conference call, opinions of each member can easily be passed or related to the other group members instantly

6 0

3 years ago

Assume the demand for crack cocaine is inelastic and that users get the funds to pay for their crack by stealing. Suppose that t

Kobotan [32]

Answer:

Total Revenue of Cocaine will increase.

Explanation:

Elasticity of demand is demand responsiveness to price change.

Price & Total Revenue have relationships as per Elasticity of Demand :

Elastic Demand >1 : Change in quantity demanded > change in price ; Price & Total Revenue negatively related.
Inelastic Demand < 1 : Change in quantity demanded < price change ; Price & Total Revenue positively related

Given : Demand for crack cocaine is inelastic. If government increases penalties on cocaine supply, number of dealers decrease.

Then , the supply of cocaine will fall. Supply Shortage will increase the price. However - because demand is inelastic , total revenue will increase as a result of price rise.

4 0

3 years ago

Quantas Industries sold $300,000 of consumer electronics during January under a one-year warranty. The cost to repair defects un

finlep [7]

Answer:

January 31.

Warranty Expense $18,000 (debit)

Warranty Provision $18,000 (credit)

June 20.

Warranty Provision $183 (debit)

Cash $183 (credit)

Explanation:

There is no option on the customer to take the warranty or not. There this type of Warranty is known as an Assurance Type Warranty.

Assurance type warranties are accounted in terms of the Provision Standards as follows ;

Entry when the warranty is granted

Warranty Expense $18,000 (debit)

Warranty Provision $18,000 (credit)

Being recognition of warranty cost and provision.

Warranty Expense $300,000 × 6% = $18,000

When the Warranty Claim is subsequently received.

Warranty Provision $183 (debit)

Cash $183 (credit)

Being utilization of Provision when the warranty claim is received.

3 0

3 years ago