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Triss [41]
3 years ago
14

Question 7 (1 point)

Business
1 answer:
krok68 [10]3 years ago
7 0

Answer: John's Savings account balance declined by $50 and his Checking account balance increased by $50

Explanation:

The checking account statement shows that there was an online funds transfer from Savings into the checking account.

The checking account will therefore increase by $50 because money was transferred into it and therefore added to its balance. The savings account on the other hand, will reduce by the same amount because it transferred the money into another account.

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Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch
denis-greek [22]

Answer:

1. Inside the dorm room, the movies are <em>Non-Rival</em> which means that one person can watch the movie and it will not diminish the ability of others to watch as well.

Also as they are all in the same dorm, the showing of the movie is <em>Non-Excludable</em> as well because no one can stop the other from watching.

Public good is both Non-Rival and Non-Excludable so the showing of a movie IS a public good.

2.

Musashi   Sean    Bob   Eric   Total Willingness to pay

10   9   8   3   30

8   7   6   2   23

6   5   4   1   16

4   3   2   0   9

2   1   0   0   3

The optimal number of movies that can be rented is dependent on their total willingness to pay. If their Total willingness to pay for the movie is above $8 which is the cost of a movie, then they will get it. From the table, the fifth movie is below the price of $8 so they <u>should rent 4 movie</u>s.

3. If they rent 4 movies and there are 4 of them then the cost per person is;

= (8 *4)/4 people

= 24/4

= $8

This means that each roommate will pay <u>$8</u>.

3 0
3 years ago
You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifical
Alex777 [14]

Answer:

a. The Debit column is correctly stated.

b. The Credit column is understated by $17,300 ($8,650 * 2).

c. The Automobiles account balance is correctly stated in the trial balance.

d. The Accounts Payable account balance is understated in the trial balance by  $17,300 ($8,650 * 2).

e. If the Debit column total of the trial balance is $200,000 before correcting the error, the total of the Credit column before correction is $182,700.

Explanation:

This mistake is an Error of Commission.  It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account.  In this case, the Accounts Payable should have been credited with the amount of $8,650.  As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.

3 0
3 years ago
Karla starts her speech by saying, “Many of you know that I work closely with the AIDS Alliance agency in our city. You may also
Drupady [299]

Answer:

The correct answer is "startling statement"

Explanation:

A startling statement is an exponential declaration, that nobody expected and leaves everyone who hears, surprised.

7 0
3 years ago
Joe's income is $500, the price of food (F) is $2 per unit, and the price of shelter (S) is $100. Which of the following represe
Shkiper50 [21]

Answer:

A) 500 = 2F + 100S.

Explanation:

A budget constraint represents all the combinations of goods and services that can be purchased by a consumer given price and income.

I hope my answer helps you.

4 0
3 years ago
Inventory shrinkage as a result of theft, damage or obsolescence that is discovered during a physical inventory count at the end
san4es73 [151]

Inventory depreciation due to theft, damage or obsolescence discovered during the physical count of inventory at the end of the accounting period is recorded with a decrease in inventory only in the perpetual system.

Depreciation Inventory is defined as the difference between the amount of inventory listed on the books and the actual inventory that is physically present; Such depreciation usually occurs due to theft, damage, or miscalculation.

If you own your own retail business, you may face theft, shoplifting, or other forms of fraud, leading to unexpected inventory losses. Loss of inventory is a huge problem for any business that carries physical goods. Without control and monitoring, there is no way to track down the root cause of inventory shrinkage in your business.

You can learn more about Depreciation Inventory here brainly.com/question/28205327

#SPJ4

8 0
9 months ago
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