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Ilia_Sergeevich [38]
3 years ago
9

If an economy is based primarily on businesses that provide services, what would you expect to be true about the costs of the go

ods you buy? The cost of goods like refrigerators and cars will be higher because they must be imported. The cost of goods like refrigerators and cars will be lower because they are more energy efficient. The cost of goods like refrigerators and cars will be lower because they are imported. The cost of goods like refrigerators and cars will be higher because they must be custom produced.
Business
2 answers:
sashaice [31]3 years ago
5 0

Answer:

the first one

Explanation:

because the other ones don’t really make sense because cars and refrigerators are not very energy efficient, costs of cars and refrigerators are higher bc they are important and they don’t have to be custom produced

svetoff [14.1K]3 years ago
5 0

Answer:

the first one

Explanation:

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Comparing each item on a financial statement with a total amount from the same statement is referred to as
Arada [10]

Answer: vertical analysis

Explanation:

Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.

Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.

8 0
3 years ago
When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to: Group of answer choices 0.43 2.2
Ostrovityanka [42]

Answer:

2.29%

Explanation:

The computation of the debt to equity ratio using book value of equity is as follows;

As we know that

Debt to Equity Ratio = Debt ÷ Equity

where,  

Debt = $239.7 + $10.7 + $39.9    

= $2901.1

And, equity is $126.6

Now    

Debt to Equity Ratio is

= $290.1 ÷ 126.6  

= 2.29%

4 0
3 years ago
Valley Spa purchased $11,700 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $11,700.
Charra [1.4K]

Answer:

Given that,

Value of promissory note = $11,700

Time period = 60 days

Interest rate = 14%

Interest revenue:

= Note value × Interest rate × Time period

= $11,700 × 0.14 × (60/360)

= $273

Therefore, the journal entry is as follows:

Accounts receivable A/c Dr. $11,973

          To Interest revenue                  $273

          To Notes receivable                 $11,700

(To record the dishonored note)

6 0
3 years ago
A category that is not in the chart of accounts is
Lera25 [3.4K]

Let's look at the Accounting Equation = Assets = Liabilties + Stockholders' Equity

For most businesses, their chart of accounts will include Current Assets (or Short Term Assets) as well as Long Term Assets. An example of a current asset if cash, and a building is a long term asset.

Short term and long term Liabilities are also included too - money you owe. A Note Payable is a long term example, Interest Payable is a short term one.

Stockholders' Equity is one too - these include your stocks, your retained earnings.

But, expect for Retained Earnings, the names of your <em>statements </em>are not. So "Balance Sheet" is not a category, nor is "Cash Flows Statement".

6 0
3 years ago
Read 2 more answers
Small businesses selling on credit find that:
Mamont248 [21]

Answer:

b. it is expensive and requires a great deal of effort.

Explanation:

selling on credit is basically lending money to customers and it can be very expensive for a small business. First of all, the risk of not getting paid always exists. Second, a small business doesn't generally have excess cash in order to finance credit sales. This means that you might probably need to borrow money yourself to finance your customers.

The good side of credit sales is that they might help you increase your total sales. But you have to calculate which is higher, the costs or the benefits.

3 0
3 years ago
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