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3 years ago

Pina Colada Corp. has the following transactions during August of the current year.

Business

1 answer:

const2013 [10]3 years ago

3 0

Answer and Explanation:

The indication of the basic analysis and the debit credit analysis is as follows;

Date Basic Analysis Debit - Credit Analysis

Aug. 1 The asset Cash is increased; Debits increase assets;

the stockholders' equity account Debit Cash

Common stock is increased. $10,880

Credits increase stockholders' equity

Credit Common stock

$10,880

Aug. 4 The asset Prepaid Insurance Debits increase assets;

is increased; Debit Prepaid Insurance

the asset Cash is decreased. $ 1,500

Credits decrease assets;

Credit Cash

$ 1,500

Aug. 16 The asset Cash is increased; Debits increase assets;

the revenue Service revenue Debit Cash

is increased. $880

Credits increase revenues:

Credit Service revenue

$880

Aug. 27 The expense Salaries expense Debits increase expenses:

is increased; Debit Salaries expense

the asset Cash is decreased. $680.

Credits decrease assets:

Credit Cash

$680

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Answer:

The best explanation for the need to allocate resources in the game of economics is that:

C) There are not enough resources to produce all of the goods and services that everyone wants.

Explanation:

In economics, it has been established that human needs are insatiable and that the resources to meet the needs are not readily and sufficiently available. This is the bedrock of Economics. It is the reason that Economics is studied as a separate course. Scarcity and needs are important concepts in human interactions. Therefore, the ability to allocate scarce resources to enable the production of goods and services is key to human development.

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2 years ago

Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking

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Answer:

The correct answer is Lead generation.

Explanation:

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Lead acquisition would be all those actions or processes focused on getting contacts with which to nourish our database. In an inbound marketing project it would consist of the Convert or Conversion phase.

Basic characteristics of a lead:

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3 years ago

Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo

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Answer:

amount of tax saving is $4320

Explanation:

given data

tax deduction = $18000

marginal tax rate = 24%

effective tax rate = 20%

to find out

amount of tax saving

solution

we know tax saving formula that is

tax saving = tax deduction × marginal tax ........................1

so now put here all value in equation 1

tax saving = tax deduction × marginal tax

tax saving = 18000 × 24%

tax saving = 18000 × 0.24

tax saving = 4320

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2 years ago

Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand

Aleksandr-060686 [28]

Answer:

The correct answer is (A)

Explanation:

Normally, goods which close substitutes tend to have more elastic demand as it is easier to switch from one brand to another because they are close substitutes. For example, if the price of Pepsi increases the consumers will easily shift towards Coca-Cola. So, close substitutes are price sensitive and they have high elastic demand compared to other goods.

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3 years ago

Cash investments made by the owner to the business are reported on the statement of cash flows in the

Julli [10]

Answer:

d. financing activities section

Explanation:

cash investment made by the owner and their withdrawals will be in the financing activities section

On the financing activities, the accounting does a detail ofthe origin of funds which paid for the assets. These funds could be from owners or lenders.

Therefore, the equity transactions are included in the financing activities sections

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3 years ago