1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pashok25 [27]
3 years ago
8

Consider Emily's balance statement:

Business
2 answers:
notsponge [240]3 years ago
8 0

Answer:

see below

Explanation:

A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.

Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.

In this balance sheet,  Emily has confused assets and liabilities.

The column labeled as liabilities represents assets. She should change that. This column should be the topmost column.  She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.

Nadya [2.5K]3 years ago
6 0

Answer:

Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.

Explanation:

You might be interested in
Explain the Taylor Rule
Arisa [49]

Explanation:

Ok so the Taylor Rule is one kind of targeting monetary policy rule of a central bank. The Taylor rule was proposed by the American economist John B. Taylor in 1992, who is currently the George P.Shultz Senior Fellow In Economics at and the director of Standford’s Introductory Economics Centre.

Also the Taylor Rule suggests that the Federal Reserve should raise rates when inflation is above target or when gross domestic product (GDP) growth is too high and above potential. It also suggests that the Fed should lower rates when inflation is below the target level or when GDP growth is too slow and below potential.

6 0
2 years ago
Restaurant A uses 60 bags of tomatoes each month. The tomatoes are purchased from a supplier for a price of $80 per bag and an o
ch4aika [34]

Answer:

Explanation:

D = 60 bags

cost = 80 / bag

s = 20 / order

h = 40% of cost

     0.4 * 80 / 100

h= 32 unit/year

D =  d * 12 months

D = 60 * 12

D = 720 bags / year

EOQ = \sqrt{2DS/H}

EOQ = \sqrt{2 *720*20/32}

EOQ = 30 bags

Total cost =  Total holding cost + total ordering cost

Total holding cost  = (Q/2 * H) = (30/2 * 32) = 480

Total ordering cost =  (D/Q * 20) = (720/30 *20) = 480

Total cost = 480 + 480 = 960

Total purchasing cost  = cost * D = 80 * 720 = 57.600

Percentage= total cost  / total purchasing cost  * 100

960 / 57.600 * 100

1.67 %

6 0
3 years ago
Which of the following best explains why commodity futures contracts are transferable
ioda
The reason why commodity futures contracts are transferable is: <span>They can be bought and sold but the obligation in the contract remains valid.

Commodity futures contract is an agreement to buy or sell a specific asset at a specific price somewhere in the future.
This contract does not specify the name of the person who should buys the asset, so it could be transferable as long as the exchange is still fuiflled.

</span>
4 0
3 years ago
The argument that industries should be temporarily protected by tariffs or quotas to allow firms to develop a competitive produc
olga55 [171]

Answer: infant industry argument

Explanation:

The infant industry argument simply means that the new industries in a particular economy should be protected at all cost from the multinationals or already developed foreign firms so that they themselves can grow and that the foreign firms will not hinder their progress and growth.

This usually applies to small and newly established firms. One of the main reason for taxation is to help protect such industries from competition thqt can hinder them.

8 0
3 years ago
The " 10 80 10 " rule as it applies to crowd management means
Sergeu [11.5K]

Answer:

reasons that in an emergency or crisis 10% of us are leaders; we have a plan, take action, and do the right thing. We seek direction and wait for someone to take the lead and tell us what to do. Finally, there are the “Doomed”; 10% of us that behave in counter-productive ways.

Explanation:

4 0
2 years ago
Other questions:
  • As you move through your professional career, you will receive requests for favors and contributions. You will not be able to ho
    7·1 answer
  • _____ involves changing the size of the opportunity by identifying and maximizing key drivers of the positive risk
    15·1 answer
  • Which of the three economic systems (market, planned, and mixed) do you believe address the issue of scarcity the best?
    11·1 answer
  • ​(Market value​ analysis) Lei​ Materials' balance sheet lists total assets of $ 1.37 ​billion, $ 186 million in current​ liabili
    11·1 answer
  • Billy owes a liquidated debt of $3,000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has
    15·1 answer
  • A rule that every imported product must be opened by hand and inspected with a magnifying glass, by one of just three government
    10·1 answer
  • The corporate charter of Maine Yacht Corporation allows the issuance of a maximum of 3,000,000 shares of $1 par value common sto
    7·1 answer
  • Iship
    11·1 answer
  • Which of the following would be an example of a WANT?
    11·2 answers
  • Drag the tiles to the correct boxes to complete the pairs.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!