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Free_Kalibri [48]
3 years ago
7

What is not a reason that people have trouble saving for emergencies?

Business
1 answer:
Studentka2010 [4]3 years ago
7 0
They are too wealthy?
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Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $
adoni [48]

Answer:

Accounts receivables -under-the-Hill   11,700 debit

credit card fees expense                          300 debit

            sales revenues                                      12,000 credit

Explanation:

The credit card fee is considered an expense

$12,000 x 0.025 = 300

We will debit our accounts receivables for the difference between the 12,000 billed and the fee charged for Under-the-Hill credit car:

12,000 - 300 0 11,700

5 0
2 years ago
When you take a multiple-choice test, you are relying on ________, a means of retrieving information out of your long-term memor
Colt1911 [192]

The answer is recognition.

<span>Recognition is one of the three processes of memory, the other two are encoding and storage. Recognition is the process of retrieving information from the past to use it in an actual situation.</span>

3 0
3 years ago
Read 2 more answers
Jacques lives in San Diego and runs a business that sells boats. In an average year, he receives $728,000 from selling boats. Of
Gwar [14]

Answer:

1. <u>implicit cost</u>

2.<u> explicit cost</u>

3. <u>implicit cost</u>

4. <u>explicit cost</u>

Explanation:

Implicit costs refer to those costs that represent opportunity cost. In simple terms they are notional or those which haven't been actually incurred but considered.

Opportunity costs refer to the cost of sacrificed alternatives when an alternative is opted for. For instance, a student pursuing post graduation incurs implicit cost in the form of income foregone had he chosen to work instead for the same duration.

In the given case, the foregone rental income Jacques would've earned had he chosen to rent out his showroom represents opportunity cost or implicit cost.

Similarly, the salary Jacques sacrificed by working in boat business represents implicit cost.

The wages and utility bills that Jacques pays and wholesale cost which he pays represent costs which have actually been incurred, which are termed as explicit costs.

6 0
3 years ago
On January 1, 2017, Sheridan Company established a stock appreciation rights plan for its executives. It entitled them to receiv
Elza [17]

Answer:

$1,140,000

Explanation:

AS AT December 2018, the market price ended at 30 USD Which is 10 USD above pre established price on the 114,000 SARs

thus compensation for the year ended 2018 will be 10 x 114,000

7 0
3 years ago
Suppose the number of firms you compete with has recently increased. You estimated that as a result of the increased competition
marysya [2.9K]

Answer and Explanation:

An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.

3-2/2 X 100 = 50%

The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666

The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67

3 0
3 years ago
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