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3 years ago

New home construction is at an all-time high, due to increased demand the cost of new homes has gone up 15%,

Business

1 answer:

belka [17]3 years ago

4 0

Answer:

Peak

Explanation:

The business cycle refers to the routine growth and decline of economic activities in a country. Naturally, an economy experiences periods with high economic activities and seasons with subdued growth.

The peak is the business cycle when the economy experiences high growth. At the peak cycle, businesses experience high sales volumes, the rate of unemployment is low, and prices are high. The level of economic growth is measured through GDP. At the peak, the GDP value is high.

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Which document is least important in determining the financial value of a purchase?

Vanyuwa [196]

The record least vital in figuring out the financial value of a purchase is purchase requisition.

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7 0

1 year ago

When firms in a perfectly competitive market face the same costs, in the long run they must be operating a. under diseconomies o

ella [17]

Answer:

d. where price is equal to average fixed cost.

Explanation:

Firms involved in a perfectly competitive market face the same cost, they will theoretically make zero profit on the long run. This happen at the point where price is equal to average fixed cost.

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3 years ago

On January 1, 2020, Bonita Corporation purchased 20% of the common stock outstanding of Sandhill Corporation for $265000. During

trapecia [35]

Answer:

The balance of the Stock Investments—Sandhill account on the books of Bonita Corporation at December 31, 2020 is $272,800 (= $265,000 - $8,600 + $16,400)

Explanation:

the journal entries to record the transactions are:

January 1, 2020, Bonita Corporation purchases 20% of Sandhill Corporation

Dr Investment in Sandhill Corporation 265,000

Cr Cash 265,000

xx, 2020, Sandhill Corporation distributed $43,000 in cash dividends

Dr Cash 8,600

Cr Investment in Sandhill Corporation 8,600

yy, 2020, Sandhill Corporation reported net income $82,000

Dr Investment in Sandhill Corporation 16,400

Cr Revenue on investment in Sandhill Corporation 16,400

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4 years ago