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3 years ago

The income section of a budget will include your

Business

2 answers:

Amiraneli [1.4K]3 years ago

8 0

Answer:

savings

Explanation:

scoray [572]3 years ago

3 0

Answer: C.

Explanation:

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Here is some pricing information for a pair of jeans from different countries. Country Price of a pair of jeans Actual Exchange

il63 [147K]

Answer:

Israel and Mexico

Explanation:

3 0

3 years ago

Keating Co. is considering disposing of equipment with a cost of $52,000 and accumulated depreciation of $36,400. Keating Co. ca

Nuetrik [128]

Answer:

$12,750

Explanation:

The computation of net differential income is shown below:-

For computing the net differential income first we need to find out the net income if equipment is sold and net income if offer lease is accepted which is given below:-

Net income if equipment is sold = Sales consideration - Commission

= $25,000 - ($25,000 × 7%)

= $25,000 - $1,750

= $23,250

Now,

Net income if offer lease is accepted = Lease amount - Repair, insurance and property tax expenses

= $46,000 - $10,000

= $36,000

So,

Net differential income from the lease alternative = Net income if offer lease is accepted - Net income if equipment is sold

= $36,000 - $23,250

= $12,750

4 0

4 years ago

The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi

ch4aika [34]

Answer:

Service Revenue 50,000 debit

Income summary 50,000 credit

--to close revenues accounts--

Income summary 34,000 debit

Salaries and Wages Expense 27,000 credit

Supplies Expense 7,000 credit

--to close expenses accounts--

Income summary 2,000 debit

Dividends 2,000 credit

--to close dividends account--

Income summary 14,000 debit

Retained Earnings 14,000 credit

Explanation:

To close the temporary accounts which are, revenues, expenses and dividends we will use an auxiliary account called Income Summary

Then, once all are closed we transfer their balance into retained earnings:

Income summary

DEBIT CREDIT

50,000

34,000

Balance 14,000

7 0

3 years ago

Joshua Gnaizda received an envelope in the mail from Time, Inc. The front of the envelope contained two see-through windows part

andreev551 [17]

Answer and Explanation:

There is no contract between Time's and Joshua, because it is not legally binding to each other and it has not been signed by either party. So not a single party is liable for the contract as the contract is unsigned and non-liable

Time has used it as a promotional means only for promoting magazine subscriptions.

Therefore, a case can not be built on letter-based basis.

7 0

4 years ago

Which of the following statements are positive? The minimum wage creates unemployment among young and unskilled workers. The min

larisa86 [58]

Answer:

The minimum wage creates unemployment among young and unskilled workers.

If the price of a product in a market decreased, other things equal, quantity demanded will increase.

There is a tradeoff between inflation and unemployment in the short run.

If consumer income increases, other things equal, the demand for automobiles will increase

If interest rates increase, investment will decrease.

Explanation:

Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.

It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand

a tradeoff between inflation and unemployment in the short run is known as the Phillips curve

Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small

5 0

3 years ago