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3 years ago

Why do we need resources?

Business

1 answer:

Vesna [10]3 years ago

5 0

Answer:

we need resources because they are important for the development of the country.

false

human resources can be categorized into three groups

resource- a natural source of wealth or revenue

false

coal

true (I think)

false

true

banks

apples

false

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On july 1, rainbow painting service borrows money from eighth national bank on a 8-month, $40,000, 5% note. interest and princip

Kobotan [32]

Given:
July 1 borrowed money from eight national bank on 8-month, 40,000, 5% note.
Interest and principal is all due on February 28
No journal entries were made.

Recognizing cash and notes payable.
Debit Credit
Cash 40,000
Notes Payable 40,000

Interest on Notes payable
Interest Expense 1,333
Interest Payable 1,333

Recognizing interest owed but not yet paid.

40,000 * 5% * 8/12 = 1,333

On February:
Notes Payable 40,000
Interest Payable 1,333
Cash 41,333

4 0

2 years ago

WILL MARK BRAINLIEST!!!!!

kolbaska11 [484]

Answer:

selling an investment for more than they paid for it

Hope this helps plz mark me brainliest

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3 years ago

Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 6

Nataly_w [17]

Answer:

$152,000

Explanation:

Calculation for the cost of the ending inventory

First step is to calculate the cost-to-retail percentage of the beginning inventory amount

Using this formula

Beginning Inventory =Cost-to-retail percentage*Beginning inventory at retail

Let plug in the formula

Beginning Inventory =60%*$200,000

Beginning Inventory =$120,000

Second step is to calculate current-period purchases percentage of the new layer amount

Using this formula

Current period purchases= Purchases percentage* New layer

Let plug in the formula

Current period purchases=64%*50,000

Current period purchases=$32,000

The last step is to find the cost of the ending inventory using this formula

Ending inventory cost=Beginning Inventory+Current period purchases

Let plug in the formula

Ending inventory cost=$120,000+$32,000

Ending inventory cost=$152,000

Therefore the cost of the ending inventory will be $152,000

4 0

3 years ago

The reason for a(n) ____ inventory strategy is to minimize tying up large sums of money for long periods of time and, in additio

Sav [38]

The reason for a <u>just-in-time</u> inventory strategy is to minimize tying up large sums of money for long periods of time and, in addition, to reduce the cost associated with inventory management.

inventory management enables agencies to discover which and what kind of inventory to order at what time. It tracks stock from buy to the sale of products. The exercise identifies and responds to tendencies to ensure there may be constantly sufficient inventory to satisfy patron orders and the right caution of a shortage.

Discipline inventory management generally known as stock management is the feature of know-how of the stock mix of a corporation and the exclusive demands on that inventory.

The three maximum popular inventory management strategies are the frenzy method, the pull approach, and the simply-in-time technique. these techniques offer businesses distinct pathways to assembly consumers call for.

Learn more about inventory management here brainly.com/question/13439318

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1 year ago

In the ____ stage of the adoption process, the consumer may buy the product to experiment with it in use. A. interest B. awarene

dedylja [7]

In the <u>trial</u> stage of the adoption process, the consumer may buy the product to experiment with it in use.

Explanation:

There are basically 5 different stages in the consumer adoption process.

1. Awareness: This first stage is concerned with the consumer being exposed to an innovation or product. Right now he does not have too much information about it, and may not even pay too much attention to it.

2. Interest and Information: It is at this second stage that the consumer wants to voluntarily know more about the said product. He starts collecting information about it from various sources.

3. Evaluation: In this third stage, once the consumer has accumulated all the information he can by means of various sources, he starts comparing the features and qualities of the new product with other already existing products.

4. Trial: After the first three stages, now the consumer is ready to try out the product for the first time. He may go ahead and purchase it, or if free samples are readily available, he may use those too.

5. Adoption: The fifth and last stage of the consumer adoption process is about the consumer purchasing the said product, after all the trials and evaluations.

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2 years ago