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FrozenT [24]
3 years ago
9

Detailed information about the accounting equation is maintained in records commonly called.

Business
1 answer:
Nuetrik [128]3 years ago
5 0

The maintenance of information relating to the accounting equation is done in records known as <u>Accounts</u>.

<h3>What are Accounts?</h3>
  • These are records that allow the storage of financial information.
  • They include the various transactions the business is involved in.

Accounts are very important to a business as they allow the easy compilation of information such that a company is kept abreast of its financial situation.

In conclusion, these are accounts.

Find out more about accounts at brainly.com/question/1436327.

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While attending college, Julie Smith earned extra money by using her cooking skills to cater special parties and events. After g
ololo11 [35]

Answer:

<em><u>Julie's catering business </u></em>

Julie should use the model of sole proprietorship

<em><u>Explanation: </u></em>

sole proprietorship, is the most useful business entity for Julie as she won’t loss the control of her business and can grow at her own pace because she would be the most important decision maker.

A partnership involves doing an alliance with another person or business then the control will be divided with others.  

Finally, a corporation. needs the collaboration of more shareholders and the span of control will be broader as more persons will be involve in the decision-making process. "Corporations are not really run by their owners." because the people involved in the corporation must take decisions that are not consulted with the owners.

<em><u></u></em>

<em><u>Terri tax-related services </u></em>

Terry should use the model of sole proprietorship

<em><u>Explanation </u></em>

For Terri the sole proprietorship model is the most useful as well because he can grow to obtain recognition and enjoy the benefits of bigness  

6 0
3 years ago
Clark enjoys fishing and hunting. He divides his leisure hours between the two outdoor activities. Suppose we were to draw Clark
evablogger [386]

Answer: please look at the Explanation for the answer

Explanation:If Clark’s indifference curves are bowed inward, then, the rate at which he is willing and ready to give up an hour of hunting for an hour of fishing will change with respect to how many hours of each outdoor activity he has done.

For example, if Clark has spent

time fishing in one week, he will be more willing to give up an hour of fishing for an hour of hunting than if he hasnt spent time fishing that week.

6 0
3 years ago
Read 2 more answers
"Elkhorn, Inc., which has excess capacity, received a special order for 4,000 units at a price of $15 per unit. Currently, produ
Degger [83]

Answer:

Profit from sale of special order of 4,000 units increase by $14000

Explanation:

given data

order = 4000 units

Sales = $ 190,000  

Cost of Goods Sold = 45,000  

Gross Margin = $45,000

Sales price per unit = $15

solution

as we know that Elkhorn has excess capacity

so sales of 4000 additional units would not affect current sales of 10,000 units

and by production of excess 4000 units fixed cost would not increase

so Variable cost per unit will be

Variable cost per unit = \frac{145000 - 30000}{10000}

Variable cost per unit = $11.5

so

Profit per unit will be

Profit per unit = Sales price -  Variable cost

Profit per unit = $15 - $11.5

Profit per unit = $3.5

so

Profit from sale of special order of 4,000 units increase as  = 4000 × $3.5

Profit from sale of special order of 4,000 units increase by $14000

7 0
3 years ago
Things were terrific at x bank on elm street until an unfortunate incident occurred. before the incident, the bank had installed
JulijaS [17]

The safety need should now be met. Under Abraham Maslow’s hierarchy of needs, this is next to physiological needs; this discusses about the need of security and protection. These needs have to do with our natural yearning for a foreseeable and arranged world that is somewhat within our limit. In terms of workplace, an example of the safety need would be one should feel safe inside the working environment that the individual should feel that nothing would happen inside while he or she is working.

8 0
3 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2010, a painting
timurjin [86]

Annual rate of return is the amount you gain/lose on average each year. it is calculate as the following:

Rate of Return = (ending value - amount invested) / the number of years

OR

(1,100,000 - 1,680,000) / 3 = annual rate of return

3 0
3 years ago
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