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3 years ago

Why business is considered as an important economic activity

Business

1 answer:

Xelga [282]3 years ago

4 0

Answer:

The main aim for economic activities is production of goods and making sure that it reaches the end consumer. Therefore business is considered an economic activity because it ensures production, sale, distribution of goods and services in order to satisfy consumer wants, with the purpose of making good profits

Explanation:

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Zoo Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $1

kicyunya [14]

Answer:

Zoo Inc.

Cash budget for the month of March

Amount in $

Beginning cash balance 27,000

Add:

Cash receipts 106,000

Total cash available 133,000

Less:

Cash disbursements (93,000)

Ending cash balance before borrowing 40,000

Desired ending cash balance <u> 65,000</u>

Cash excess (deficiency) <u>(25,000)</u>

The borrowing required to attain desired ending cash balance is $25,000

Explanation:

Cash budget is a forecast of the net cash flows to/from an entity over a given period of time.

Details of the cash budget include the opening cash balance, the expected expenses or outflows of cash, the expected inflows and the closing balance expected as a result of the three (3) items mentioned earlier.

7 0

3 years ago

Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workwee

Over [174]

Answer:

Wages Expense debit $8,000

Wages Payable credit $8,000

Explanation:

At the end of December 31, which is a Thursday, workers would have worked 4 days out of a 5-day week, which implies we need to recognize wages for the 4 days because it has been incurred even not yet paid

Wages for 4-days=$10,000*4/5

Wages for 4-days=$8,000

We would debit wages account with $8,000 since an increase in an expense account is a debit entry while wages payable would be credited since it is an increase in liabilities

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3 years ago

An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. For one flight segment, the averag

tresset_1 [31]

Answer:

112 customers per day

Explanation:

For computing the needed capacity requirement, first we have to find out the new utilization rate which is shown below:

Capacity cushion = 100% - average utilization rate

25% = 100% - average utilization rate

So, the average utilization rate is 75%

Now the needed capacity requirement is

Utilization rate = Average output rate ÷ Maximum capacity × 100

75% = 84 ÷ Maximum capacity × 100

So, the maximum capacity is 112 customers per day

We simply applied the above formula to determine the needed capacity requirement

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4 years ago

During the current year, Reed Consulting Group acquired long-term available-for-sale securities at a $70,000 cost. At its Decemb

kipiarov [429]

Answer:

Account Debit Credit

Unrealized loss (Equity) $12,000

Fair Value adjustment (Avaliable $12,000

for sale)

Explanation:

Given Data:

Long-term available-for-sale securities=$70,000

December 31, Securities fair values=$58,000

Required:

The necessary year-end adjusting entry related to these securities.

Solution:

Unrealized Loss occurred=$70,000-$58,000

unrealized Loss occurred=$12,000

Adjusting entry:

Account Debit Credit

Unrealized loss (Equity) $12,000

Fair Value adjustment (Avaliable $12,000

for sale)

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4 years ago

Lars wants to purchase a gift for a colleague whose home he will bevisiting. He decides to bring luxury chocolates, because he k

mariarad [96]

Answer:

The correct answer is b) brand awareness

Explanation:

Brand awareness is a marketing term that expresses the level of consumer recognition (image or qualities) of goods or services of a specific brand.

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4 years ago

Why business is considered as an important economic activity​

Why business is considered as an important economic activity