Answer:
$20,000
Explanation:
Calculation to determine by what amount will Perry's earnings increase due to this lease
Using this formula
Selling price=Fair value-Cost
Let plug in the formula
Selling price=$125,000-$105,000
Selling price=$20,000
Therefore The amount that Perry's earnings will increase due to this lease is $20,000
Answer:
The correct answer is letter "B": has a physical trading floor.
Explanation:
An auction market is one where buyers and sellers simultaneously offer reasonable bids. The price of the asset being traded is the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. Even with the spread of technology, some auctions can be done online. Though, the auction always has a trading floor.
Answer:
Notes Payable - Balance sheet
Advertising expense - Income statement
Common stock - balance sheet
Cash - balance sheet
Service revenue - income statement
Dividends - Statement of Retained Earnings
Explanation:
A. Notes payable will appear on Balance sheet(Under Liability)
B. Advertising expense will appear on Income statement(Under expense)
C. Common stock will appear on Balance sheet(Under Equity)
D. Cash will appear on Balance sheet(Under Asset)
E. Service Revenue will appear on Income statement(Under revenue or sales or income)
F. Dividends will appear on Statement of Retained Earnings which is the same thing as Statement of Owner's Equity
Answer:
In a information age! Anyone can use a book or a computer to get data, information, business and knowledge which is why this is a information age!
In the Circular Flow example, some Households have Labor (and possibly other) resources that are <u>under-employed</u> and, therefore, receive fewer Goods and Services in a Market-based economy.
A circular flow model is a diagram that is used to represent monetary transactions in an economy. It shows how money, goods, and resources move through a market economy.
The circular flow is the exchange of money between firms and households.
The main factors in the circular flow of economic activity are households (or individuals), firms, and the government.
Learn more about circular flow here
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