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3 years ago

What is socio economic issues?

Business

2 answers:

VladimirAG [237]3 years ago

3 0

The social science that studies how economic<span> activity affects and is shaped by social processes. </span>

Nutka1998 [239]3 years ago

3 0

ECONOMIC ISSUES CAUSED BY SOCIAL EVENTS.

Sorry, I didn't realize caps lock was on. Have a great day!

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On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,300,000 four $5,000,000. Rigsby appropriately uses the

Flura [38]

<u>Solution and Explanation:</u>

Installment Receivables (Net) of $2,905,600

Basis Particulars Debit Credit

Sale:- Instalment Receivables $5,000,000

Inventory $3,200,000

Deferred gross profit $1,800,000

Payment:- Cash $4,90,000

Instalment Receivables $4,90,000

Deferred Gross profit $165,600

Realised Gross profit $165,600

Instalment Receivables ($5,000,000 minus $490,000) = $4,510,000

Deferred gross profit ($1,800,000 minus $165,600) = $1,634,400

Instalment Receivables (Net) = $2,875,600

8 0

3 years ago

Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $89,000. However, the bu

gogolik [260]

Answer:

The correct option is D,$42,000

Explanation:

The balance on Maxwell capital account=market value of building contributed less the mortgage on the building

market value of the building is $89,000

Mortgage on the building is $47,000

balance on Maxwell capital account=$89,000-$47,000

balance on Maxwell capital account=$42000

The correct option is D.

Care must taken so that one does include the cash of $38,000 contributed by Smart in Maxwell's capital account balance calculation,otherwise one would have concluded that option E,$80,000($42,000+$38,000)

6 0

3 years ago

ME Company has a debt-equity ratio of .57. Return on assets is 7.9 percent, and total equity is $620,000. a. What is the equity

Lera25 [3.4K]

Answer:

8.06

Explanation

Debt equity ratio=Debt÷ Equity
Debt÷Equity=0.57
Equity=620,000 in this question
Debt=620,000*0.57=353,400.
Assets=Debt+Equity
Assets in this case=353,400+620,000=973,400
Return on asset=Profit for the year=7.9%*973,400=76898.6
Equity Multiplier=Total Equity/Profit for the year
Equity Multiplier=620,000/76898.6=8.06

5 0

3 years ago

The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the

kompoz [17]

Answer:

Yes, financial statement is a cumulative record of all transactions.

Explanation:

A financial statement is a form of the formal record. Its reports the business, person or an entity. The relevant information is resented by discussion and analysis. Such as balance sheet, income statements, statements of equity, cash flow, and comprehensive statements. Thee by its includes all sorts of financial statements.

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2 years ago

A company purchased land for $100,000 cash. Accrued real estate taxes on the land, $2,000, and real estate taxes on the land for

zheka24 [161]

Answer:

$118,000

Explanation:

We know the purchase price of land = $100,000

Also any kind of brokerage or commission is added to such cost as it is part of acquisition and one time expense, thus capital in nature.

Thus, $8,000 paid as brokerage will be added.

Also the one time expense in the capital nature being the demolishing expense will be added to cost.

Thus, net cost of land = $100,000 + $8,000 + $10,000 = $118,000

Some of the salvage sold results in an income for the company, and that shall form part of income statement, and has nothing to do with cost of land.

Thus, net historical cost = $118,000

7 0

3 years ago