Which of the following best describes an economic system?

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol

jolli1 [7]

Answer:

Date General Journal Debit Credit

Dec 31 Supplies expenses $2,300

(1,650+3,800-3150)

Supplies $2,300

(To record the supplies used during the period)

Dec 31 Insurance expenses $1,650

Prepaid expenses $1,650

(To record the insurance expired for December)

Dec 31 Salaries expenses $15,300

Salaries payable $15,300

(To record the unpaid salaries)

Dec 31 Deferred revenue $1,150

(3450/3 months)

Rent revenue $1,150

(To record the revenue earned during the period)

7 0

2 years ago

Lardo Inc. plans to build a new manufacturing plant in either Country X or Country Y. It projects gross revenue in either locati

Tom [10]

Answer:

Following are the solution to the given points:

Explanation:

For point a:

After-tax profit for each country.

For Country X:

$Particulars \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount(\$)\\\\Gross \ \ Revenue\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,000,000\\\\ Operating\ \ Expenses \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,500,000\\\\ Pre-tax \ \ Profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,500,000 \\\\$

$Tax \ [ 2,500,000 \times 20\% \ ] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 500,000\\\\ After-tax\ \ profit\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,000,000$

For Country Y:

$Particulars \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ Amount(\$)\\\\Gross \ \ Revenue\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4,000,000 \\\\Operating\ \ Expenses \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,800,000\\\\$

$Pre-tax\ \ Profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2,200,000\\\\Tax\ [40,00,000 \times 10\%] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400,000 \\\\After-tax\ \ profit \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1,800,000$

For point b:

For Country X:

Lardo is expected to establish its new plant in Country X, because Country X's after tax income is higher than Country y's after-tax income [$1,800,000].

3 0

2 years ago

Fill in the blank!! Many products, such as golf clubs, are made with graphite-epoxy resins because it's strong and lightweight.

TEA [102]

I think the answer is E. both supply and demand would increase.
I think this because the decrease in making would lower the price of the golf clubs. Therefore making people more likely to buy (demand increasing). The supply would also increase also because with a higher demand, the people buying the golf clubs would cause their supply of golf clubs to increase.

4 0

3 years ago

Organizational objectives should do all of the followinjg except

gogolik [260]

I would say be unclean, they cant be unclean

8 0

2 years ago

Under the identity theft and assumption deterrence act of 1998, the _____ is assigned responsibility to help victims restore the

Mumz [18]

<span>Under the identity theft and assumption deterrence act of 1998, the Federal Trade Commission is assigned responsibility to help victims restore their credit and erase the impact of the imposter.

The Federal Trade Commission or FTC is known for outlawing unfair methods in business that reflects unfair practices of business and/or competition. The FTC monitors businesses to make sure they are acting appropriately as they conduct business. </span>

6 0

3 years ago