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sineoko [7]
2 years ago
7

The most profitable form of business is

Business
1 answer:
aev [14]2 years ago
6 0

Answer:

d

Explanation:

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The information necessary for preparing the 2018 year-end adjusting entries for Vito’s Pizza Parlor appears below. Vito’s fiscal
mash [69]

Answer:

Explanation:

a. Dr Interest receivable 600

        Cr Interest revenue 600

[0.12*10,000/2]

b. Dr Depreciation expense 6,000

         Cr Accumulated depriciation 6,000

[30,000/5]

c. Dr Deferred rent revenue 2,100

          Cr Rent revenue 2,100

d. Dr Prepaid insurance 1,425

        Cr Insurance expense 1,425

[2,280*15/24 = 1,425]

e. Dr Interest expense 475

        Cr Interest payable 475

[19,000*0.1*3/12]

f. Dr Supplies expense 910

         Cr Supplies 910

[1,600-690]

2)

Understatement of interest revenue (600)

Understatement of rent revenue (2100)

Overstatement of insurance expense (1425)

Understatement of depreciation expense 6000

Understatement of interest expense 475

Understatement of Supplies expense 910

Subtotal = 3260 of overstatement

6 0
3 years ago
Eliminating the Drafty product line would eliminate $45,000 of direct fixed costs. The $78,000 of common fixed costs would be re
bagirrra123 [75]

Answer:

The Blowing's sand net income will increase by $45,000 by saving of direct fixed costs.

Explanation:

Fixed costs are costs which remains unchanged irrespective of the level of activity produced by Blowing Sand's, means the Blowing Sand's will have to bear that cost whether it eliminate the Drafty product line or not. example factory rent, building depreciation etc.

Direct Fixed costs are those which only incurred when the units are produced so that will only incur costs when production is made.

So the elimination of Drafty product line will save $45,000 of direct fixed costs and the remaining $78,000 will be redistributed to other remaining product lines which will not impact the net income.

6 0
2 years ago
The price of imported oil rises. If the government wanted to stabilize output, which of the following could it do?
Ber [7]

Answer:

b. increase government expenditures or decrease the money supply  

<em>Explanation:</em>

<em>If the government wanted to stabilize output, there are a couple of levers they could pull. These are fiscal policies and monetary policies, fiscal policy, is all about changing how much we spend, if government has more money to spend, they can better negotiate and also decide how money is spent to a degree. So, the theory is if the government spends more, that would increase total output. The second lever to pull is messing with the money supply, monetary policy, If maybe there's more money out there, lower interest rates, it might increase output however because we are dealing with the price of imported oil decreasing the money supply would be the move to make because by decreasing the money supply we can make our currency more valuable, it's important to remember that the price of imported oil would not be affected by domestic monetary policies. If the money supply were increased our currency would devalue which would be counterproductive because a weaker currency means we pay more for imports. </em>

6 0
3 years ago
Read 2 more answers
When does the company go in loss​
Sedbober [7]
When they spend more than they are able to pay back! Hope this helped! BRANLIEST plz!
4 0
2 years ago
Relationship between democracy and free market economy?
asambeis [7]

Answer:

A Market economy system is essentially a system of economic democracy, the most secure foundation of citizens' freedom. According to Mises, as soon as the economic freedom of the free market system is removed, political liberties and the legal system become fake and fade away, and democracy perishes.

8 0
3 years ago
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