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3 years ago

Poem about the 4 economic systems

1 answer:

5 0

Black lives matters
...nity and equality
nothing more nothing less.
We the working-class brown or white are slaves
under the laissez-faire economic system which
has brought poverty and death for a majority
of people: who is going to pay us?

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John's Specialty Store uses a periodic inventory system. The following are some inventory transactions for the month of May 2013

jolli1 [7]

Answer:

Explanation:

The journal entries are shown below:

1. Purchase A/c Dr $5,400

To Accounts Payable $5,400

(Being merchandise is purchased on credit)

2. Freight-In A/c Dr $500

To Cash A/c $500

(Being freight charges are paid in cash)

3. Accounts Payable A/c Dr $800

To Purchase Returns A/c $800

(Being return merchandise is recorded)

4. Cash A/c Dr $5600

To Sales revenue A/c $5600

(Being merchandise is sold for cash)

5. No journal entry required

6 0

3 years ago

Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association

Angelina_Jolie [31]

The answer is networking, if there’s more to it then it’s networking to generate leads.

8 0

3 years ago

A company pays $35,000 per period to rent a small building that has 12,000 square feet of space. This cost is allocated to the c

Alexus [3.1K]

Answer: $7,000

Explanation:

As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.

Department One occupies 2,400 square feet of that space.

Calculating the proportion it occupies is,

= 2,400/12,000

= 20%

Since it occupied 20% of the total space then it should be charged 20% of the rent bill.

= 20% * 35,000

= $7,000

Department One should be charged rent expense for the period of $7,000.

6 0

3 years ago

Trade Publishing Inc. owns the rights to the Aura series of paranormal-themed novels, and publishes and sells copies in bookstor

WITCHER [35]

Answer:FALSE

Explanation:Sydney can not sell them to another person as he does not have the legal authority to sell copies of the book.

Copyright laws prohibits persons or Organisations who are not the rightful owner of the publishing or marketing of Art works,in certain societies trade marks are given to certain Organisation or agents. Violating this right might lead to legal prosecution either by the Government or the owner of the right.

4 0

3 years ago

You are considering the purchase of an industrial warehouse. The purchase price is $1 million. You expect to hold the property f

Oliga [24]

Answer:

A. Cap rate = Debt Service/Current market price of asset

= $70,000/$1,000,000 * 100

= 7%

B. Debt coverage ratio = Net Operating Income/Debt Service

= $108,000/$70,000

= 1.54

C. The largest loan that can be obtained (other terms held constant) if the lender requires a debt service coverage ratio of at least 1.2 is:

= ($70,000 * 1.2)/10%

= $840,000

Explanation:

a) Data and Calculations:

Purchase price of the industrial warehouse = $1 million

Loan to finance acquisition = $700,000

Interest rate = 10%

Term of loan = 30 years

Type of loan repayment = interest-only payments

Annual debt service = $70,000 ($700,000 * 10%)

Effective gross income $135,000

Operating expenses 27,000

Net Operating Income $108,000

8 0

3 years ago

Poem about the 4 economic systems​

Poem about the 4 economic systems