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geniusboy [140]
3 years ago
14

Make balance sheet

Business
1 answer:
iren [92.7K]3 years ago
7 0

Answer:

Balance Sheet as at year end

ASSETS

Cash (5000 + 600 - 800 - 2000)                        $2,800

Trade Receivable ( -600)                                      ($600)

TOTAL ASSETS                                                    $2,200

EQUITY AND LIABILITIES

EQUITY

Retained Earnings (5000 -800 - 2000)             $2,200

TOTAL EQUITY                                                    $2,200

LIABILITIES  

Liabilities                                                                      $0

TOTAL LIABILITIES                                                     $0

TOTAL EQUITY AND LIABILITIES                      $2,200

Explanation:

The Balance sheet contains balances of Assets, Liabilities and Equity as at the Reporting date.

So given the above transactions above, we have to identify which accounts (Assets, Liabilities or Equity) are affected by each transaction, than record under the relevant heading as shown in the solution.

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Suppose the government imposes a 20-cent tax on the sellers of artificially-sweetened beverages. The tax would shift a. demand,
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Answer:

b. supply, raising the equilibrium price and lowering the equilibrium quantity in the market for artificially sweetened beverages.

Explanation:

In the case when the government impose the tax of 20% on sweetened beverages so here the price should be increased but at the same time the quantity is decreased as the supply curve shifted to the leftward where the demand curve is not impacted at all due to this things the price increased and the demand is decreased

Therefore the option b is correct

4 0
3 years ago
Elsem Foods Inc. is a company that manufactures packaged food. It sells several varieties of packaged food such as chips, cupcak
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Answer:

Orange juice, apple juice, cranberry juice, and lychee juice are all product items of Elsem Foods.

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A product item is a specific type or variety of product that is different than other products that a company sells.

In this case orange, apple, cranberry and lychee juices are all product items which are part of the tropical fruit juices product line of Elsem Foods.

Elsem's product mix would include chips, cupcakes, candies, crackers, fruit juices, and carbonated drinks (all the product lines that Elsem sells).

5 0
3 years ago
Which is an example of an external factor that may affect purchase decisions?
prohojiy [21]
Government policies specific to the entrepreneurs business is the answer. This is the only external factor.
6 0
3 years ago
Relevant costs for target costing include:
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Answer:

Correct answer is D. All future costs, both variable and fixed

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Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu
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Answer:

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