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Cloud [144]
3 years ago
7

Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $

470 worth of produce from Michele in the current quarter. No other economic activity takes place during the current quarter. Using this information, answer the questions. For the current quarter, what is the economy's income?
Business
1 answer:
Zigmanuir [339]3 years ago
6 0

Answer:

$470

Explanation:

The calculation of the economy income is given below:

Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it

So here we can see that there is one and only economic activity that took place at the present quarter that is of $470

Therefore the economy income is $470

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Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur
kobusy [5.1K]

$3.20

Take the total sales divided by total customers.

Sales of hotdogs 40* $2 = $80

of grilled cheese 10* $5 = $50

of cheeseburgers 5 * $6 = $30

Total sales $160/50 customer = $3.20/per customer

4 0
3 years ago
Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clo
Sergeeva-Olga [200]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The journal entries are shown below:

a. No journal entry required

b. Miscellaneous expense A/c Dr $16

        To Cash A/c                                      $16

(Being service charges is paid)

c.  Cash A/c Dr $9                      ($476 - $467)

           To Utilities expense A/c $9

(Being correction is recorded)

d. No journal entry required

The preparation of the  bank reconciliation statement is presented in the spreadsheet. Kindly find the attachment below:  

8 0
3 years ago
"a branding strategy in which a firm uses a different brand for each of its products is called ____ branding."
Aleksandr-060686 [28]
<span>A branding strategy in which a firm uses a different brand for each of its products is called individual branding. With the use of this strategy, products from the same company are given a unique identity and name. This is especially useful when companies offer a wide range of products that cater different price markets. </span>
8 0
3 years ago
What is a hypothesis?
yanalaym [24]

The answer is B.

"A hypothesis (plural hypotheses) is a proposed explanation for a phenomenon. For a hypothesis to be a scientific hypothesis, the scientific method requires that one can test it. Scientists generally base scientific hypotheses on previous observations that cannot satisfactorily be explained with the available scientific theories. Even though the words "hypothesis" and "theory" are often used synonymously, a scientific hypothesis is not the same as a scientific theory. A working hypothesis is a provisionally accepted hypothesis proposed for further research, in a process beginning with an educated guess or thought."

"A hypothesis is an assumption, an idea that is proposed for the sake of argument so that it can be tested to see if it might be true."

7 0
3 years ago
Lazar Corporation is evaluating a proposal to invest in a machine costing $89,000. The machine has an estimated useful life of t
tatuchka [14]

Answer:

Option D is correct

Expected rate of return = 18.6%

Explanation:

The expected rate of return is the proportion of average investment that is earned as income . It is calculated as follows:

Rate of return on investment = average return / Average investment

Average investment = (Initial cost + salvage value)/ 2

Average investment = 89,000 +14,000/ 2= 51500

Net income = $9,600

Expected rate of return =  9,600/51,500×  100

                               = 18.6%

6 0
3 years ago
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