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bagirrra123 [75]

2 years ago

6

Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 201

7, making it one of the largest B2B spenders in the country

1 answer:

pav-90 [236]2 years ago

8 0

The answer is Department of Defense

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You are provided with the following information for Sandhill Co., effective as of its April 30, 2022, year-end.

Ray Of Light [21]

Answer:

SANDHILL CO.

Income Statement

For the Year Ended April 30, 2022

<u>Revenues</u>

Sales revenue $6,200

<u>Expenses</u>

Cost of Goods Sold $1,000

Depreciation expense $315

Income tax expense $175

Insurance expense $360

Interest expense $460

Salaries & Wages expenses <u>$850</u>

Total Expenses <u>$3,160</u>

Net Income <u>$3,040</u>

<u />

SANDHILL CO.

Retained Earnings Statement

For the Year Ended April 30, 2022

Retained Earnings, May 1, 2021 $1,700

Add: Net Income <u>$3,040</u> $4,740

Less: Dividends <u>$310 </u>

Retained Earnings, April 30, 2022 <u>$4,430</u>

7 0

3 years ago

Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair

erastovalidia [21]

Given :

Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair market value of $ 28,000 and $2,000 cash.

To Find :

What is Bud's recognized gain or loss.

Solution :

This is a transaction of like kind exchange.

So, gain or loss to be recognized is :

$= ( 28000+2000) - 28000\\\\=\$ 2000$

Therefore, option B) is correct.

6 0

3 years ago

The quantity of money demanded is the Group of answer choices income and volume of profits that people and businesses would like

Ksju [112]

Answer:

The amount that people and businesses choose to hold.

Explanation:

The amount that people and businesses choose to hold.

The total demand for money is the total amount of money that people wants to hold and there are three main reasons for which money is being held. First is transactions related reason, second is the precautionary reason, and third is the speculative reason. The above three reasons push the people to hold the money that becomes the total demand for money.

6 0

3 years ago

Cheyenne Corp. had the following transactions during the current period.

Soloha48 [4]

Answer:

Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.

Dr Incorporation expenses 21,200

Cr Common stock 16,000

Cr Additional paid in capital - common stocks 5,200

June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.

Dr Cash 305,500

Cr Common stocks 225,600

Cr Additional paid in capital - common stocks 79,900

July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.

Dr Cash 253,500

Cr Preferred stocks 195,000

Cr Additional paid in capital - preferred stocks 58,500

Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.

Dr Treasury stocks 78,500

Cr Cash 78,500

Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.

8 0

3 years ago

If something happens to alter the quantity supplied at any given price, then.

morpeh [17]

Change in quantity supply will lead to a shift in supply curve.

<h3>What is change in supply?</h3>

Change in supply lead to a shift in the supply curve either to the left or right.

This occur in the price to quantity relationship which defines a supply curve.

This change often makes the supply curve becomes steeper and flatter.

Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.

Learn more on supply curve here,

brainly.com/question/1456933

3 0

2 years ago