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3 years ago

What are the key features of each phase of the business cycle ?

Business

1 answer:

Cerrena [4.2K]3 years ago

5 0

Answer:

Business cycles are identified as having four distinct phases: peak, trough, contraction, and expansion. Business cycle fluctuations occur around a long-term growth trend and are usually measured by considering the growth rate of real gross domestic product.

Explanation:

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g The following information relates to XYZ Company: January 1, 2023: Liabilities ............... $137,000 Retained earnings ....

Georgia [21]

Answer:

The common stock at January $1, 2023$ is $\$ 77,000$

Explanation:

Total equity $\$258,000$

Total Liabilities $\$123,000$

Total asset as on December $\$381,000$

Learn more about common stock, refer :

brainly.com/question/11453024

5 0

2 years ago

The value chain describes the costs associated with making a product. What box(es) are expensed immediately when incurred on th

KIM [24]

Answer:

ALL EXCEPT PRODUCTION

Explanation:

The costs of the value chain includes: Research and Development, Design Costs, Production, Marketing, Distribution and Customer Service.

The costs of the value chain are expensed in the current year income statement because they majorly (except production costs) fall under the category called periodic costs.

Periodic costs are costs that are more aligned with the passage of time than directly traceable to units of a product or event. Another major difference between product costs and period costs is that product costs can only be incurred when the products have been acquired or manufactured, while periodic costs will apply when the goods have not been acquired or produced yet, or as aforementioned, are associated with the passage of time.

In the light of above definition, all costs within the value chain are expensed as periodic costs with the exception of production costs which obviously are product costs.

8 0

3 years ago

Which type of accounting information is intended to satisfy the needs of external users?

larisa86 [58]

Banking, Because how you deposit and withdraw will help you externally

7 0

3 years ago

L. Bowers and V. Lipscomb are partners in Elegant Event Consultants. Bowers and Lipscomb share income equally. M. Ortiz will be

Mama L [17]

Answer: See attachment and explanation

Explanation:

1. Ortiz purchased a 20% interest for $20,000.

Total capital after the admission of the partner will be:

= ($96000 - $4000) + ($40000 - $4000) + $20000

= $92000 + $36000 + $20000

= $148000

The share of new partner in the capital structure will be:

= Total capital × Interest of new partner

= $148000 × 20%

= $29600

There'll be a deficiency in the profit which the existing partner contributes to and this will be:

= $29600 - $20000

= $9600

Then each partner shares =$9600/2 = $4800

2. Ortiz purchased a 30% interest for $60,000.

Total capital after the admission of the partner will be:

= ($96000 - $4000) + ($40000 - $4000) + $60000

= $92000 + $36000 + $60000

= $188000

The share of new partner in the capital structure will be:

= Total capital × Interest of new partner

= $188000 × 30%

= $56400

Since the share is less than the amount of $60000 bought in, the existing partner will be compensated in the amount of ($60000 - $56400) = $3600. Therefore each partner gets $3600/2 = $1800

Check attachment for the journal entries.

5 0

2 years ago

Since moving to the united states, ernesto has established a very successful consulting business that advises u.s. corporations

snow_lady [41]

Slightly intelligent is what the answer is

7 0

3 years ago

Read 2 more answers