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valentinak56 [21]
3 years ago
5

On December 31, Hawkins records show the following accounts.

Business
1 answer:
Korvikt [17]3 years ago
7 0

The preparation of the income statement is as follows:

<u>Income statement </u>

Service revenue $ 16,000

Less:

Wages Expense $8,000

Rent Expense $1,500

Utilities Expense $700

Total expenses $10,200

Therefore we can conclude that the net income is $10,200.

Learn more about the net income here: brainly.com/question/15570931

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For each of the following pairs of firms, explain which firm would be more likely to engage in advertising.
lions [1.4K]

Answer:

The correct answers are:

a) Family owned restaurant

b) A manufacturer of cars

c) A company that invented a very comfortable razor

Explanation:

First of all, the family who owned a restaurant will be the one that would most likely engaged in advertising due to the fact that they provide a service that has to be known for the people of the community around the place and all the tourists that go that area, meanwhile the other familiy would obviously just sell its products to the better buyer that they could find.

Secondly, the manufacturer of cars would be the one that most likely engaged in advertising due to the fact that they found themselfs in a very competitive and oligopoly market that is the car market and therefore that they highly need to stand out their making them better than the ones from the competitors.

Finally, the company who invented a very comfortable razor would be the one who engaged more in advertising due to the fact that they known they have a better product that the rest of the competitors so they need to take advantage of that and make sure that the consumers know about it and with that they would sell more and therefore invest more in advertising as well.

7 0
3 years ago
"When the dollar appreciates, U.S." exports increase, while imports decrease. b. exports and imports increase. c. exports decrea
Zina [86]

Answer:

C) Exports decrease, imports increase

Explanation:

If the US dollar appreciates, the US dollar has now more value per unit of foreign currency than before. For example, suppose that today 1 US dollar buys 0.8 Euro, and tomorrow, Europe is hit by a financial crisis, and the US dollar appreciates, and buys 1.2 Euro. The US dollar has appreciated, has become more expensive, becomes now more euros are needed to buy 1 US dollar.

When the US dollar gains value, domestic goods become more expensive compared to foreign goods, and this promotes imports, and reduces exports.

This is the reason why China keeps a depreciated currency: China is an export economy and the cheap Chinese currency makes exports cheaper, and imports more expensive.

5 0
4 years ago
If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
lara31 [8.8K]

Answer:

specialty store

Explanation:

Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.

8 0
4 years ago
If you could have an all-expenses paid trip to see any famous world monument, which monument would you choose?
netineya [11]

Answer:

leaning tower of pisa

Explanation:

6 0
3 years ago
Read 2 more answers
Fogel Co. has $4,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value co
Wewaii [24]
The total unamortized bond premium at the date of conversion was $280,000. Fogel should record, as a result of this conversion, a  <span>credit of $217,600 to Paid-in Capital in Excess of Par. Thee answer is A. 

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
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3 0
3 years ago
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