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sesenic [268]
2 years ago
13

When a transaction is journalized, which account is listed first?.

Business
1 answer:
Rama09 [41]2 years ago
7 0

Answer:

When transactions are entered in a general journal, the asset accounts are listed first, followed by the liability and owner's equity. When a transaction is entered in a general journal, the first account title is indented about half an inch from the left margin of the description column. You just studied

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Price and Output data over a five year period for an economy that produces only one good. Assume that year 2 is the base year. Y
olasank [31]

Answer:

$90

Explanation:

Nominal GDP is GDP calculated using current year prices.

Nominal GDP = current year prices x unit of output

18 x $5 = $90

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

7 0
3 years ago
Which of the following kinds of price discrimination occurs when each customer is charged one price for the first set of units p
olasank [31]

Answer:

D

Explanation:

Price discrimination is when the same product is sold at different prices to customers in different markets

types of price discrimination

1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.

2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.  

3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students  

3 0
3 years ago
"Income tax was $175,000 for the year. Income tax payable was $30,000 and $40,000 at the beginning and end of the year, respecti
kolezko [41]

Answer:

Cash payments for income tax  = $165000

so correct option is C. 165,000

Explanation:

given data

Income tax = $175,000

beginning tax payable = $30,000

end of the year tax payable = $40,000

to find out

Cash payments for income tax reported on the statement of cash flows

solution

we get here Cash payments for income tax that is express as

Cash payments for income tax  = Income tax  + beginning tax payable - end of the year tax payable      ..............................1

put here value we get

Cash payments for income tax  = $175000 + $30000 - $40000

Cash payments for income tax  = $165000

so correct option is C. 165,000

5 0
2 years ago
Minor violations may be granted upwards of _______ days for correction.
Radda [10]
Minor violations that are committed by people could just provide 10-20 days in the correction. However, heinous crimes like murder or homicide or ra pe could lead to reclusion Perpetua or lifetime imprisonment to the guilty or much worse, it could lead to the death penalty which was adopted by some states.
7 0
2 years ago
Read 2 more answers
When an economy is operating efficiently, the production of one more unit of a good will result in some loss of production of an
s344n2d4d5 [400]

Answer:

a) resources are limited and efficiency implies that all resources are already in use

Explanation:

If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.

To produce one unit of a good, the economy has to forgo producing one unit of the other good.

I hope my answer helps you.

3 0
3 years ago
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