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2 years ago

Question 8 of 10

Business

1 answer:

kirill115 [55]2 years ago

6 0

Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

equity at the end of the period

Explanation:

As we know that

The income statement recognized only the income earned and expenses incurred of an organization

While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity

So according to the given options, the option A is correct

hence, the rest of the options would be incorrect

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Which of the following is a current asset?

Arturiano [62]

Answer:

Explanation:

Current assets are considered short-term assets because they generally are convertible to cash within a firm's fiscal year, and are the resources that a company needs to run its day-to-day operations and pay its current expenses. ...

3 0

2 years ago

Eaton Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produc

saw5 [17]

Answer:

Materials handling= $60 per requisition

Machine setups= $110 per setup

Quality inspections= $95 per inspection

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling= 60,000/1,000= $60 per requisition

Machine setups= 55,000/500= $110 per setup

Quality inspections= 57,000/600= $95 per inspection

4 0

3 years ago

A supply curve has equation q equals 4 p minus 24 ⁢ comma where p is price in dollars. A dollar-sign 3 tax is imposed on supplie

emmasim [6.3K]

Answer: $New supply equation = Qs= 4P - 36$

Explanation: A supply equation shows us the mathematical relationship between quantity supplied and the price of the good. Since price and supply are positively related, P must carry a positive sign in the supply equation.

Given, supply is Qs=4P - 24

P is the price paid by consumers in the market.

When a $3 tax is levied , price sellers receive becomes P-T = P - 3

So, the new supply equation will be

$Qs= 4 (P-3) - 24 Qs= 4P - 12 - 24 Qs= 4P - 36$

5 0

3 years ago

Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she h

Temka [501]

State tax is 5%, so 0,05
0,05•4000=200$

Federal tax is 25% so 0,25
0,25•4000=1000$

Total of taxes to pay =1000+200=1200$

So the real profit will be
4000-1200=3800$

The real value of Annie's profit is 3800$

8 0

3 years ago

Read 2 more answers

Henry’s original plan was to visit Duque de Caxias, Campinas, Rio de Janeiro, and Guarulhos. However, he only has R$699 to spend

Dennis_Churaev [7]

The swap that should be the cheapest swap for Henry should be to Replace Duque de Caxias with Fortaleza.

The answer to this question is option B.

<h3>Why Henry has to make this swap.</h3>

The reason why this swap is the best is because visiting Fortaleza is more within the budget that he has.

If he sticks to the original plan, he would be needing more funds for the trip that he intends to make.