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3 years ago

Goods that can be bought in any quantity desired are called ?

Business

1 answer:

stealth61 [152]3 years ago

5 0

Answer:

I think the answer is demand

Explanation:

Demand can be the quantity of any good at the desired amount.

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For the year ending December 31, 2020, Splish Brothers Inc. reports net income $133,000 and cash dividends $90,000. Determine th

bixtya [17]

Answer:

Therefore retained earnings at December 31 is $273,000

Explanation:

Items that increase retail earnings include:

Beginning balance

Net income

Cash dividends

Beginning balance as at January 1,2020 = $ 230,000

Net income = $ 133,000

Cash dividends = ($90,000)

Therefore, retained earnings = Beginning balance + Net income -Cash dividends

= $230,000 + $133,000 - $90,000

= $ 273,000

3 0

3 years ago

On November 1, 2021, Oriole Company purchased Skysong, Inc., 10-year, 10%, bonds with a face value of $710000, for $630000. An a

alekssr [168]

1300000 dollars is the answer I think

3 0

3 years ago

A basket of goods costs $200 in the base year and $210 just twelve months later. The price index in the second year is _________

Stells [14]

Answer:

105%.

Explanation:

Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100

Given,

Cost of basket of goods in base year = $200

Cost of basket of goods in year of interest = $210

Price index in year of interest (second year) = (210/200) × 100

= 105%

The price index in the second year is 105%.

5 0

4 years ago

On April 1, the company hired an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the com

Shkiper50 [21]

Answer:

<u>Adjusting entries:</u>

April 30, legal fees

Dr Legal fees expense 3,500

Cr Legal fees payable 3,500

April 30, accrued interest

Dr Interest expense 3,000

Cr Interest payable 3,000

April 30, wages expense

Dr Wages expense 4,000

Cr Wages payable 4,000

<u>Subsequent entries:</u>

May 12, legal fees

Dr Legal fees payable 3,500

Cr Cash 3,500

May 20, paid interest

Dr Interest expense 6,000

Dr Interest payable 3,000

Cr Cash 9,000

May 3, wages expense

Dr Wages expense 4,000

Dr Wages payable 6,000

Cr Cash 10,000

4 0

4 years ago

Sams Publishing recently reported $10,750 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciatio

Svetlanka [38]

Answer:

The free cash flow is $2,300

Explanation:

To compute the free cash flow, we have to apply the formula which is shown below:

= Earning before income and taxes × ( 1 - tax) + amortization & depreciation - capital expenditure - changes in working capital

where,

Earning before income and taxes = Sales - operating cost - depreciation

= $10,750 - $5,500 - $1,250

= $4,000

And other values remain same

Now put these values to the above formula

So, the answer would be equal to

= $4,000 × (1 - 40%) + $1,250 - $1,350

= $2,300

8 0

3 years ago

Goods that can be bought in any quantity desired are called ?​

Goods that can be bought in any quantity desired are called ?