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3 years ago

Shareholders are selfless benefactors who are interested only in the growth of the business.

Business

2 answers:

nadya68 [22]3 years ago

8 0

It’s false. Because

kap26 [50]3 years ago

8 0

Answer:

true

Explanation:

Shareholders are interested in the growth of a company and how much they make off their profits.

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Chen Inc. accepted a two-year noninterest-bearing note for $605,000 on January 1, 2021. The note was accepted as payment for mer

Flura [38]

Answer:

Debit: Discount on note receivable with $55,000

Debit: Cash with $605,000

Credit: Note receivable with $605,000

Credit: Interest revenue with $55,000

Explanation:

Step 1: Calculation of discount on note receivable and interest revenue

Excess of note value over merchandise value = Note value - Merchandise with a fair value

= $605,000 - $500,000

Excess of note value over merchandise value = $105,000

Interest on merchandise = $500,000 × 10% = $50,000

Discount on note receivable = $105,000 - $50,000 = $55,000

This amount of $55,000 is also an interest revenue.

Step 2: Recording of the cash collection on December 31, 2022.

DR ($) CR ($)

Discount on note receivable 55,000

Cash 605,000

Note receivable 605,000

Interest revenue 55,000

<em>Being the record of the cash collection on December 31, 2022. </em>

8 0

3 years ago

Lukas has been working as a manager of a small team at his finance office for several years. One of the reasons he enjoys his jo

miskamm [114]

Answer:

Decentralization

Explanation:

It is a Process of dispersing decision-making governance. Transfer of decision-making power and assignment of accountability and responsibility for results.

6 0

4 years ago

Read 2 more answers

Describe a variable cost. Describe a fixed cost. Explain why the distinction between variable and fixed costs is important in co

Mama L [17]

Answer:

For the 1St question,

Total variable costs increase with increased production or sales volumes. Fixed costs are not influenced by fluctuations in production or sales volumes.

For the 2nd question,

Understanding whether a cost behaves as a variable or a fixed cost is essential to estimating and planning for business success.

Explanation:

The main difference between the fixed and variable cost is the way it is affected by the production capacity. Variable cost increases as more u it's are produced while.fixed cost remains constant as it is not related with units.

Moreover, Understanding and differentiating fixed and variable costs are important to categorize costs correctly for accounting purposes and to decide what sort of strategies must be implemented.

3 0

3 years ago

Tammy Hall is the mayor of a large U.S. city. She has just established the Office of Window Safety. Because windows sometimes br

Lelechka [254]

Answer:

a.political corruption

Explanation:

This a nepotism form of political corruption. It is naming a close relative over the common people. It is using his power for illegitimate private gain.

This "inspection" creates no value to the economy and neither protects the windows from breaking.

Tammy is creating a fee to pay for his nephew office.

The real motivation is to extract funds from the taxpersons to her own personal benefit. This is an act of corruption.

8 0

3 years ago

Consumer surplus is represented by the area _____ the demand curve and _____ the price that the consumer pays.

leonid [27]

Answer:

under

above

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

For example, if the willingness to pay for a book is $100 and the price of the book is $50.

Please check the attached image for a diagram showing consumer surplus

Consumer surplus : $100 - $50 = $50

3 0

3 years ago