1 year ago

What perspective on class does the best job of explaining income inequality and conflict between people in different classes?.

1 answer:

3 0

Answer:

One is that inequality increases the sense of entitlement in higher‐class people, because they engage more often in downward social comparisons. Another is that higher‐class people may be more concerned about losing their privileged position in society if they perceive a large gap between the rich and the poor

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Identify which of the following statements is correct as to why accounting is important. Multiple choice question. We live in an

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Answer:

Accounting information identifies, records and communicates information about a business.

Explanation:

The accounting information identified the business records and communicate the business information to the insiders and outsiders also it does not have any effect on everyone except the stakeholders. In addition to this, it is not depend upon the valuation made for the stock market

So as per the given situation, the above statement should be correct

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2 years ago

Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization sch

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2 years ago

A contract with a mistake that results from failure to understand the contract’s meaning or significance or from failure to read

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A.............................

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2 years ago

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $256,555 Total Liabilities $149,32

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Answer: $80,242

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = 256,555 + 55,000

= $311,555

Liabilities remain unchanged.

Retained earnings

= Opening retained earnings + Net income - dividends

= 49,793 + 44,200 - 12,000

= $‭81,993‬

Common stock next year;

= 311,555 - 149,320 - 81,993

= $80,242

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2 years ago

Which of the following represents the normal sequence in which the below budgets are prepared? a. Sales budget, budgeted balance

zloy xaker [14]

Answer:

c. Sales budget, budgeted income statement, budgeted balance sheet

Explanation:

First, we calculate the sales for the period. It would also calculatethe cash proceeds from sales, which will be useful for the balance sheet.

With that, we can plug sales revenue into the income statement and calcualte the net income.

And with the income statement, we can solve for retained earnings and build up the balance sheet. Among other data

Doing it in any other order, we are going to leave blanks and need to do the next one to fill them. In the proposed orde,r we do not need information from the subsequent budget to complete the previous one, which is good.

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2 years ago