At the end of the closing process, Income Summary will hold a balance.

What is a means exam?

Naily [24]

Answer:

the answer is a survey about your income, expenses and assets

6 0

3 years ago

Read 2 more answers

Which of the following terms is NOT specifically defined under the Uniform Securities Act?A) Broker-dealerB) Broker-dealer repre

olga2289 [7]

Answer:

B. Broker-dealer representative.

Explanation:

The Uniform Securities Act defines a broker-dealer, it defines a representative of a broker-dealer, it defines an investment adviser, and it defines an investment adviser representative. So Overall, the term not specifically defined under the securities act is broker-dealer representative.

6 0

3 years ago

Baldwin currently has $17,334 (000) in cash and management has decided to issue stocks and bonds worth an additional $8,000 (000

S_A_V [24]

Answer:

d) Purchasing $18,000 (000) worth of plant and equipment

D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.

Explanation:

Missing information:

a) A $5 dividend

b) Liquidate the entire inventory

c) Retiring the oldest bond

d) Purchasing $18,000 (000) worth of plant and equipment

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A) dividends would not be the cause as they are determinated by the company they can chose not to declare it.

B) lquidate the inventory means selling and not replenish. This generates cash it doesn't use cash

C) re-rolling the debt (by issuing new bonds) is a course of action planned and that in hte end will not affect the cash of the company as will be paying the bonds and receiving from the new bonds thus the changes in cash would be controlled.

D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.

5 0

3 years ago

The following table contains statements that provide some analysis of policies that address smoking, lung cancer, and cigarette

liubo4ka [24]

Answer:

Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th

Explanation:

Positive Economics is objective & facts based actual economic issue description , explaining verifiable phenomenas (causal relationships).

Normative Economics is subjective & opinion based conclusive solutions to economic issues, including 'ought to be' unverifiable suggestions.

1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.

2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.

So , these two are Positive Statements.

3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.

4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.

So , these two are Normative Statements

5 0

3 years ago

QUESTION 25 A perfectly competitive firm faces a __________ demand curve. a. downward-sloping b. unit-elastic c. nonlinear d. pe

Alexus [3.1K]

Answer:

The correct answer is letter "D": perfectly elastic.

Explanation:

Perfect Competition is a theoretical market system where competition is at its highest level as possible. Perfectly competitive markets are characterized by:

All companies offer an equivalent product.
All companies are price takers.
All companies have a fairly small market share.
Buyers have full quality and pricing knowledge.
The company has low barriers or no barriers to entering and leaving an industry .

Plotted in a graph, perfectly competitive goods have a horizontal curve. This is because at any given price any quantity can be demanded. Thus, the curve of perfectly competitive firms is perfectly elastic.

5 0

3 years ago