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3 years ago

ECON please answer will give brainleist

Business

1 answer:

bekas [8.4K]3 years ago

3 0

Answer:

A. broad economic activities affecting entire country

Explanation:

Macroeconomics is one of the two branches of economics. It is concerned with the performance and behavior of the entire economy. Macroeconomics studies and analyzes aggregate changes on economic variables that affect the whole country, such as inflation rates, the unemployment rate, GDP, and the growth rate.

Macroeconomics seeks to understand how the country's economy is performing, the forces behind that performance, and the decisions that can improve performance.

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The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June

Mazyrski [523]

Answer:

D.) debit Supplies Expense. $5,500; credit Supplies, $5,500

Explanation:

First, let's talk about the amount.

On June 2 they purchased supplies worth $6,500 and recorded it as an ASSET. Debited on "Supplies" Account

Then on June 30, only $1,000 is on hand. That means that $5,500 worth of supplies must have been used (Solved as 6,500 less 1,000)

Now, the entry should reduce the "Supplies" Account since there were only $1,000 left. So it's correct to credit Supplies for $5,500 to reduce $6,500 into $1,000 worth.

The corresponding debit would consequently be "Supplies Expense" since $5,500 worth of supplies was used for the month.

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3 years ago

On July 1, 2018, Fred City ordered $1,500 of office supplies.They were to be paid for out of the general fund. Entry under:

mel-nik [20]

Answer:

A) Dr. Encumbrances – Office supplies No entry

Cr. Encumbrances outstanding

Explanation:

The journal entry is given below;

For Governmental fund financial statements

Encumbrances-Office Supplies $1,500

To Encumbrances Outstanding $1,500

(Being Office Supplies ordered is recorded)

For Government-wide financial statements

No journal entry is required as under the accrual accounting, no entry should be recorded until the transaction does not arise

Therefore the option a is correct

6 0

3 years ago

At the end of 2011 Mardle Inc. reported retained earnings of $1,504 . At the end of 2012, the retained earnings were $4,863 . If

fenix001 [56]

Mardle paid $8937 in 2012

8 0

3 years ago

The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fans and casual

Reika [66]

Answer:

B) $125,000

Explanation:

Price discrimination strategy refers to charging each customer the maximum amount of money he/she is willing to pay for a product.

In this case, the concert promoters should charge $150 per ticket to 1,000 die hard fans = $150,000 in revenue.

Then it should charge only $50 per ticket to 500 casual fans = $25,000 in revenue.

Total revenue = $150,000 + $25,000 = $175,000

<u>minus total costs = ($50,000) </u>

Net income = $125,000

6 0

3 years ago

To derive the demand curve we assume that A. marginal utility is constant. B. tastes are constant. C. prices are constant. D. re

Tems11 [23]

Answer:

C. prices are constant.

Explanation:

A demand is the scheduling the price of all the commodity as content and is derived as the price of the goods may changes in the future as general the demand curve is downward sloping and is shown by the equilibrium prices and movement along the curve takes place when the change in price causes the quantity demanded to change.

5 0

4 years ago