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2 years ago

What low-cost labor did white planters hope to use to regain their wealth?

1 answer:

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The answer is: Plantation slaves
When the slavery is still legal, the slave owners are not bound to any form of obligations toward their slaves because technically they're the owner's private property. They often use the slaves to work for them in the plantation without giving the slaves anything in return.

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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol

jolli1 [7]

Answer:

Date General Journal Debit Credit

Dec 31 Supplies expenses $2,300

(1,650+3,800-3150)

Supplies $2,300

(To record the supplies used during the period)

Dec 31 Insurance expenses $1,650

Prepaid expenses $1,650

(To record the insurance expired for December)

Dec 31 Salaries expenses $15,300

Salaries payable $15,300

(To record the unpaid salaries)

Dec 31 Deferred revenue $1,150

(3450/3 months)

Rent revenue $1,150

(To record the revenue earned during the period)

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3 years ago

For a perfectly competitive firm, which of the following is not true at profit maximization?a. Total revenue minus total cost is

topjm [15]

Answer: Option (d) is correct.

Explanation:

Correct option: Market price is greater than marginal cost.

In a perfectly competitive market, there are large number of buyers and sellers. So, price is determined by the market forces.

At a point of profit maximization, price is equal to the marginal cost and we have to maximize the difference of the total revenue and total cost. It was not seen in a perfectly competitive market that the price is above the marginal cost at a profit maximizing point.

Therefore, option (d) is not true.

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3 years ago

Expenses recognition Sun Microsystems uses the accrual basis of accounting and recognizes revenue at the Lime it sells goods or

s2008m [1.1K]

Answer:

Sun Microsystems

Amount of Expenses to recognize during the months of June, July, and August in each of the following transactions:

a. Rent Expense = $30,000

b. Utility Expense = $4,650

c. Supplies Expense = $9,700

d. Property Taxes = $1,800

e. No expense is recognized.

f. Salary Expense = $4,500

g. Advertising Expense = $6,600

Explanation:

Data and Calculations:

a. Rent Expense = $180,000/12 * 2 = $30,000 Rent Prepaid $150,000

b. Utility Expense $4,560

c. Supplies Expense $9,700 ($12,600 - $2,900)

d. Property Taxes = $7,200 *3/12 = $1,800

e. No expense is recognized for the advance payment for delivery van.

f. Salary Expense $4,500

g. Advertising Expense $6,600

4 0

2 years ago

A regression line is the line that best fits the data, but this does not mean that the fit is good. In other words, there can st

horsena [70]

Answer:

Larger-sq and small Se.

Explanation:

Regression line is a line that clearly describes the behavior of a given set of data.

Regression lines are very essential for forecasting processes. The importance of the line is to describe the interrelation of a dependent variable (Y variable) with one or many independent variables (X variable).

An analyst can forecast future behaviors of the dependent variable by making use of the equation gotten the regression line. This is done by inputting different values for the independent ones. Regression lines are frequently employed in the financial sector.

Financial analysts make use of linear regressions to forecast stock prices, commodity prices and also to carry out valuations for many different securities. Companies use regressions for the purpose of forecasting sales, inventories and a lot of other variables that are needed for strategy and planning. The regression line formula is represented below:

(Y = a + bX + u)

6 0

2 years ago

Examples of barriers to entry include Group of answer choices Price taking. Patents. None of the Answers are Correct. Standardiz

Genrish500 [490]

Examples of barriers to entry include Patents.

<h3>What Are Barriers to Entry? </h3>

A term used in economics and business to describe variables that can deter or make it difficult for newcomers to enter a market or industry sector and so limit competition is "barriers to entry." These might include prohibitive startup fees, bureaucratic roadblocks, or other barriers that make it difficult for new rivals to enter a market. Existing businesses win from entrance barriers because they preserve their market share and capacity to make money.

There are four main types of barriers to entry:

legal (patents/licenses),
technical (high start-up costs/monopoly/technical knowledge),
strategic (predatory pricing/first mover),
brand loyalty.

Most people think of patents as temporary entry barriers put in place by the government. Patent protection, however, typically restricts access rather than blocking it. A business may enter a market that is protected as long as its product complies with a minimum standard of novelty and does not violate any active patents.

To know more about barriers to entry refer to: brainly.com/question/12589254

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8 0

1 year ago