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2 years ago

Which account would normally not require an adjusting entry?

1 answer:

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When adjusting journal entries, you generally will never need to create an adjusting journal entry for the cash account. Accountants debit cash throughout the month to record inflows of cash and credit the cash account to reflect money going out of the business.

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International law governs?

Fittoniya [83]

Answer:

Relations or transaction between independent nations.

Explanation:

Each countries have different law.

Which means that when two countries about to engage in a certain transaction, they need another law as a foundation to regulate the transaction. Using the law of only one of the country will be unfair for the other.

International law will come into picture in such circumstances. During relations or transaction between independent nations, a third neutral party (Such as the agencies from the united nations) will regulate their dealings based on international law that applicable to all members of the united nations.

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2 years ago

The Nellie Company has provided the following information: Operating expenses were $115,000; Gross profit was $629,000; Cost of

mrs_skeptik [129]

Answer:

A) $514,000.

Explanation:

Operating income = Gross profit - Operating expenses

Operating income = $629,000 - $115,000

Operating income = $514,000

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2 years ago

Cite two types of costs necessary for a real estate development. How does a construction loan differ from a permanent loan?

evablogger [386]

Two types of costs necessary for a real estate development is hard costs and soft costs.

Answer: Hard costs and Soft costs

<u>Explanation:</u>

For real estate development there are two types of costs - hard costs and soft costs. Hard costs is the expenses incurred directly for physical construction of the building. Soft costs is for the indirect expenses for the construction of the building.

Permanent loans have fixed rate of interests. Construction loan has got fluctuating rate of interests till the time of construction. When the prime rate changes the interest fluctuates which is termed as float.

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2 years ago

For which pairs of goods is the cross-price elasticity most likely to be positive? a. peanut butter and jelly b. bicycle frames

Levart [38]

Answer: d. Pen and pencils.

Explanation:

Cross-price elasticity measures the degree of responsiveness of the demand for a certain good towards the change in the price of a related good. Percentage is used to measure cross-price elasticity.

In case of two goods like pens and pencils, cross price elasticity is positive. That is, if the price of a pen increases, it will lead to an increase in the demand for pencils. The propertional change in price of pens give a positive relative change in the demand for pencils.

3 0

2 years ago

Read 2 more answers

Case 6.1 Demand for Gas Guzzlers

Rus_ich [418]

Question 1.: From the standpoint of an automobile company, what sources of information in this article offer secondary data?

Answer: The

National Automobile Dealers Association surveyed consumers

visiting its Web site for information about car purchases, and it

learned they ranked price as most important, followed by make and

model, then performance. Fuel economy ranked last, with 3 percent

considering it most important and 11 percent considering it least

important.

Question 2: Suggest two or three other sources of data that might be of

interest to auto companies interested in forecasting demand.

Answer: Data from Automotive News,General Motors, and data

from the shoppers who visit Web sites such as www.kbb.com to look

up information.

Question 3: Online or at your library, look for information about recent

trends in SUV purchases. Report what you learned, and forecast whether SUV sales are likely to recover or continue

Answer: I don't know your library.

Explanation: This took me so long to do. Now my back hurts and my eyes are blurry. Hope this helps!

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1 year ago