All categories

4 years ago

Matt and ann both decide to go to a concert with free tickets. we know that

1 answer:

4 0

C as time is a cost they chose to spend to attend this concert when they could've used their time more efficiently with other things.

You might be interested in

Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During Jun

Leya [2.2K]

Answer:

The accounting equation holds as follows:

Asset = Liabilities + Equity = $80,000

Explanation:

Note: See the attached excel file for the analysis of the Effect of June Transactions on the Accounting Equation

From the last balances in the attached excel file, we have:

Assets = Cash + Receivable + Equipment = $41,000 + $8,000 + $31,000 = $80,000

Liabilities = Payable = $0

Equity = M. Chen, Capital - M. Chen, Withdrawals + Revenue - Expenses = $75,000 - $1,000 + $10,500 - $4,500 = $80,000

Liabilities + Equity = $0 + $80,000 = $80,000

Therefore, the accounting equation holds as follows:

Asset = Liabilities + Equity = $80,000

Download xlsx

4 0

3 years ago

Which of the choices below is a section of the united states business administration that indicates most important part of a str

FromTheMoon [43]

"Executive summary" is the choice among the choices given in the question that <span>is a section of the united states business administration that indicates most important part of a strategic business plan. The correct option among all the options that are given in the question is the first option or option "A".</span>

7 0

4 years ago

Read 2 more answers

• What financial metrics will you show? • What non-financial metrics will you show? • What evidence do you need to gather and pr

mezya [45]

Answer:

Financial metrics reveal characteristics of economic data sets that might not be apparent from a single view of the numbers. Financial metrics deals with the economic data and each metrics has a unique message about a body of economic data. Examples of financial metrics include: profitability, account receivable aging and days sales outstanding (which tells how many days, on average , it takes to receive payment from the invoice date)

Non-financial metrics can serve as leading indicators of future financial performance and can provide insight as to organisation's impact on stake holders and society. Non-financial metrics can be used to understand why certain financial results occurred, and what needs to be changed in order to improve. Examples of non-financial metrics include: company reputation, competitiveness, innovation and customer influence and value.

3 0

4 years ago

Any point inside a production possibilities curve indicates: Select one: a. unemployment and/or inefficiency. b. that the law of

MaRussiya [10]

Answer:

The answer is A. unemployment and/or inefficiency

Explanation:

Production Possibility Curve is also known as production–possibility frontier is a curve that shows different ways in which two goods can be produced with a given resource and or technology.

Since resources are scarce, a choice has to be made between the alternative goods that can be produced. So there must be a choice f what to produce and how much to produce. If one resource is chosen, less of the other will be produced.

Any point inside a production possibilities curve indicates unemployment and/or inefficiency

A point outside the production possibilities curve is not possible

4 0

4 years ago

Suppose that Community Bank offers to lend you $10,000 for one year at a nominal interest rate of 8.00%, but you must make inter

Advocard [28]

Answer:

a. 8.24%

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

= (1 + nominal interest rate ÷ periods)^ number of period - 1

= (1 + 8% ÷ 4)^4 - 1

= (1 + 2%)^4 - 1

= 1.02^4 - 1

= 8.24%

As the interest rate is made on a quarterly basis and we know that there are four quarters in a year and we take the same in the computation part

8 0

3 years ago