please i need more it has to be 90 secs PLSSSSSS i need help i hate this class its college prep i beg you
passion is a docter has to be 90 sec pls

Please I Need More It Has To Be 90 Secs PLSSSSSS I Need Help I Hate This Class Its College Prep I Beg

Answers

Answer 1

Answer:

what is the question?

Explanation:

Answer 2
Being a doctor allows me to save lives, to be a part of human life. Even though there might be times when the life can’t be saved, I will be proud to be a part of the process. Being a doctor is like being a healer. Helping people has always been something that I have loved. Doctors have been looking for ways to solve people’s problems. I would like to be a part of that community.

Related Questions

Company C had the following investment. Help them determine the financial statement implications of the investment. Tax rate 21% Estimated tax payment 21,000 Investment cost and ending fair values for 20X1 and 20X2: 20X1 20X2 Cost 100,000 100,000 Fair value 110,000 134,000 Total gain 10,000 34,000 20X1 income statement information: Sales 1,670,200 Expenses 1,536,600 Assuming the investement is short-term, what is the ending balance of taxes payable on the 20X1 balance sheet?

Answers

Answer:

$9,156

Explanation:

Income = (Sales-expenses) + $10,000

Income = ($1,670,200 - $1,536,600) + $10,000

Total income = $143,600

Tax = Income * Tax Rate = $143,600 * 0.21 = $30,156

Now, total taxes payable is $30,156,but they estimated that payment to be $21,000, So company C has reserved $21,000 for future tax payments

So, Net deferred tax payable = $30,156 - $21,000 = $9,156. Therefore, ending balance of taxes payable on the 20X1 balance sheet is $9,156.

HELP ASAP:
In the open market, oil shares are an example of:
A. finance.
B. accounting.
C. a commodity.
D. a security.

Answers

Answer:

C. A commodity

Explanation:

*80 points* Introduce a blog owner (a company, organization, or school). Analyze a professional blog owned by a company or by a not-for-profit organization. Professional blogs are different from personal blogs in many ways. You'll compare these two types of blogs.

Compare and contrast the professional blog that you have chosen with the personal blog on the following dimensions:

Topic: What is the topic of the professional blog? How is it different from the topic of the personal blog?
Design: How do the designs of the two blogs (layout, font, color theme, images, styles, and so on) vary?
Structure and Content: Explain how the structure and the presentation of data and content in the two blogs vary?
Audience: (followers/subscribers) Who is the target audience for each blog? What is the targeted demographics for each blog? What kind of audience does each blog attract? Is the audience different from the intended audience? How is the audience for your personal blog different from the audience for the professional blog?
Other Social Media Links: Which other types of social media are linked to each blog? How do they help drive more traffic to the blog? How are the social media links in the nonpersonal blog different from the links in your personal blog?
Evaluation: Summarize how the blogs are different.

Answers

Answer: A blog (a truncation of "weblog") is a discussion or informational website published on the ... However, blog owners or authors often moderate and filter online comments to remove hate speech or other offensive content. ... by inventing new ways to navigate through huge amounts of information present in the blogosphere

Explanation: i hope that helps you!

In a market system, the allocation of scarce goods involves the consideration of multiple choice 1 what must be sacrificed in using a resource for its next-best use. identifying the possibility of professional advancement. the time required to pursue an economic activity. the dollar cost of any good or service.

Answers

Answer:

what must be sacrificed in using a resource for its next-best use

Explanation:

The market cost would be managed by the clients also it would remember the advantage that is best Also it is remembered in order to support the satisfaction to their own decisions.

So in the case of the market system, the allocation of the scarcity goods would be based on the opportunity cost i.e. to be sacrificed for the next best usage

The essential characteristics of financial statement fraud are: The misstatement is material and intentional and the users of the financial statements are investors in publicly traded companies. This misstatement is material and intentional and the preparers of the financial statements have a fiduciary obligation to the organization. The misstatement is material and intentional and the preparers of the financial statements fail to report the misstatement to the SEC or other applicable authority. The misstatement is material and intentional and the users of the financial statements have been misled.

Answers

Answer:

The misstatement is material and intentional and the users of the financial statements have been misled.

Explanation:

Financial statement fraud is defined as the intentional misstatement or ommision of information on the financial statement that is aimed at deceiving users of financial statement.

When a fraud is perpetrated the act is an intentional attempt to misrepresent a situation to illegally gain something that is not legally yours.

For example financial statement fraud can be done to obtain a loan or inflate the price of company shares.

Usually profits, assets, and revenue are overstated. While liabilities, expenses, and losses are understated

Market intelligence research defines the____ and_____ of a market.
A.size and location
B.size and scope
C.location and scope
D.location and area
help

Answers

Answer:

dja-xizd-mku G meet code

The correct answer choice should be A
Hope this helps

The next three questions use the below information. Company A started business on January 1, 20X1, and bought the following piece of equipment. Cost of asset $150,000 Useful life 3 Tax rate 21% 20X1 estimated tax payment 1,800 Depreciation for book and tax purposes is as follows: Book Tax 20X1 40,000 100,000 20X2 40,000 20,000 20X3 40,000 0 20X1 income statement information: Sales 638,000 Expenses (does not include depreciation expense and tax expense) 510,000 What is net income for 20X1?

Answers

Answer:

$69,520

Explanation:

"Note: Let assume salvage value is $3,000"

             Company A

       Income Statement

       For the year 20X1

Sales                          $638,000

Expenses                   $510,000

Depreciation              $40,000   [(150,000-30,000)/3}

Income before tax     $88,000

Income tax at 21%      $18,480

Net Income                $69,520

Oscar owns a bulldog. Another dog owner filed a lawsuit against Oscar alleging that his bulldog injured her pet poodle in a dog park fight. Despite evidence that his bulldog was not present at the dog park when a dogfight broke out, the jury found Oscar liable for injuries caused to the poodle. Based on these facts, Oscar has the legal option to do which of the following?
1) Make a peremptory challenge ((has to do with a juror))
2) File a motion for a judgment notwithstanding the verdict
3) Motion that the court nullify the verdict based on res judicata(no this has to do with not refiling the case)
4) File a motion for a directed verdict at the end of trial testimony before the case goes to the jury that argues that no reasonable jury could find for opposing party and therefore the judge should make a ruling on the case accordingly

Answers

Answer:

File a motion or a judgement notwithstanding the verdict

Explanation:

Answer:

File a motion or a judgement notwithstanding the verdict

Explanation:

When using the Copy to Purchase Order feature from within an Estimate , where do you need to turn on USE Purchase orders?

Answers

Answer: From expenses within the Accounts & settings.

Explanation:

When using the copy to purchase order feature within an estimate, to turn on USE purchase orders you navigate to expenses under accounts and settings. When you get to the accounts and settings you would see the feature that shows "Expenses" tab. In the Purchase orders section, select the edit icon. Turn on the Use purchase orders options.

Answer:account and settings, expenses, purchase order

Explanation:

Dollar General sells convenience items such as light bulbs, laundry detergent, and milk at a lower price than a customer pays at a grocery store, but the company is still able to maintain satisfactory profit margins. Dollar General is an example of _______ in the convenience store industry.

Answers

Answer:

cost leadership

Explanation:

Here are the options to this question :

Group of answer choices

reengineering

cost leadership

production innovations

efficient labor

A cost leader sells at a lower price when compared to its competitors

Cost of goods manufactured during the year is $240,000, and work in process inventory on December 31 is $50,000. Work in process inventory during the year decreased by 60%. Total manufacturing costs incurred are

Answers

Answer:

$165,000

Explanation:

The first step is to calculate the work in process inventory

= 50,000/40/100

= 50,000/0.4

= 125,000

Therefore the total manufacturing cost can be calculated as follows

= 240,000-125,000+50,000

= 115,000+50,000

= 165,000

Hence the total manufacturing costs is $165,000

It is reported that a 99-year license to use a parking spot at 42 Crosby in New York City is priced at $1 million. The licensee will have to cease using the parking spot thereafter. If the interest rate is fixed at 0.5% per month for the next 99 years, what is the fixed monthly payment on an equivalent 99-year mortgage to finance this purchase

Answers

Answer:

$13.39

Explanation:

future value of an annuity = monthly payment x FV annuity factor

monthly payment = future value / FV annuity factor

future value = $1,000,000

FV annuity factor = [(1 + 0.5%)¹¹⁸⁸ - 1 ] / 0.5% = 74,670.60843

monthly payment = $1,000,000 / 74,670.60843 = $13.39

These are selected 2017 transactions for Flounder Corporation: Jan. 1 Purchased a copyright for $110, 750. The copyright has a useful life of 5 years and a remaining legal life of 33 years. Mar. 1 Purchased a patent with an estimated useful life of 6 years and a legal life of 20 years for $138, 600. Sept. 1 Purchased a small company and recorded goodwill of $153, 350. Its useful life is indefinite.
Prepare all adjusting entries at December 31 to record amortization required by the events. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answers

Answer and Explanation:

The adjusting journal entries are as follows:

On Dec 31

Amortization expense $22,150 ($110,750 ÷ 5 years)

        To Copyrights $22,150

(Being amortization expense is recorded)  

Here amortization expense is debited as it increased the expenses and credited the copyrights as it decreased the assets

On Dec 31

Amortization expense $19,250 ($38,600 ÷ 6 years × 10 ÷ 12)

     To Patents $19,250  

(Being amortization expense is recorded)

Here amortization expense is debited as it increased the expenses and credited the patents as it decreased the assets

On Dec 31

No journal entry is required

It is generally not a good idea to put a cash advance on your credit card because
It will negatively effect your credit score.
O
Credit card companies charge a higher interest rate (and often an additional fee) on cash advances than they do on
purchases
O Credit cards have no grace periods on cash advances
Student loans must be repaid and grants do not need to be repaid.

Answers

They usually charge higher rates and often impose a fee

Select the term in the blank space beside the definition that it most closely matches.
1. A type of business that earns income by buying and selling merchandise.
2. Inventory is updated for purchases and sales of inventory only at the end of a period.
3. Inventory is updated for each purchase and each sale of inventory.
4. The expense of purchasing and preparing the merchandise sold during a period.
5. Seller's description of a cash discount granted to buyers in return for early payment.
6. The amount of time allowed by a seller before payment is due from the buyer.
7. Time period in which a cash discount is available.
8. Refers to credit terms where goods in transit are owned by the seller.

Answers

Answer:

1. Merchandiser

2. Periodic inventory system

3. Perpetual inventory system

4. Cost of goods sold

5. Sales discount

6. Credit period

7. Discount period

8. FOB destination

Explanation:

1. Merchandiser: A type of business that earns income by buying and selling merchandise.

2. Periodic inventory system: Inventory is updated for purchases and sales of inventory only at the end of a period.

3. Perpetual inventory system: Inventory is updated for each purchase and each sale of inventory.

4. Cost of goods sold: The expense of purchasing and preparing the merchandise sold during a period.

5. Sales discount: Seller's description of a cash discount granted to buyers in return for early payment.

6. Credit period: The amount of time allowed by a seller before payment is due from the buyer.

7. Discount period: Time period in which a cash discount is available.

8. FOB destination: Refers to credit terms where goods in transit are owned by the seller.

The Commonwealth of Virginia filed suit in October 2019 against Northern Timber Corporation, seeking civil penalties and injunctive relief for violations of environmental laws regulating forest conservation. When the 2020 financial statements were issued in 2021, Northern had not reached a settlement with state authorities, but legal counsel advised Northern Timber that it was probable the ultimate settlement would be $1,056,000 in penalties. The following entry was recorded:
Loss-litigation 1,650,000
Liability-litigation 1,650,000
Late in 2016, a settlement was reached with state authorities to pay a total of $1,120,000 to cover the cost of violations.
Required:
1. Prepare any journal entries related to the change.
2. Would a disclosure note be required for the change in estimate?

Answers

Answer:

Dr Liability - Litigation 530,000

Cr Gain - Litigation 530,000

Explanation:

Preparation of any journal entries related to the change.

Based on the information given journal entries related to the change will be:

Dr Liability - Litigation 530,000

Cr Gain - Litigation 530,000

(1,650,000-$1,120,000)

When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the _________________ of investing in physical capital.

Answers

Answer:

opportunity cost

Explanation:

When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the opportunity cost of investing in physical capital.

Use two correctly labeled side-by-side graphs of the loanable funds market in the United States and China to show how a higher interest rate in the United States will lead to capital flows between the two countries. On your graphs, be sure to label the equilibrium interest rate in each country in the absence of international cap- ital flows, the international equilibrium interest rate, and the size of the capital inflows and outflows.

Answers

Answer:

Figure is given below.

Explanation:

The graph of United states and china is as follows :

Equilibrium is a condition in which market demand and supply or market forces are balanced, resulting in steady prices. Demand and supply balance each other out, resulting in a condition of equilibrium.

The international interest rate of equilibrium is set at 4%. The chart also shows capital inflows and outflows, as well as the United States and China's off-balance interest rates.

The image is attached below to show the equilibrium graphs.

For more information regarding US and China equilibrium, refer to the link:

https://brainly.com/question/6870263

The Mazzanti Wholesale Food Company's fiscal year-end is June 30. The company issues quarterly financial statements requiring the company to prepare adjusting entries at the end of each quarter. Assume all quarterly adjusting entries were properly recorded.

1. On December 1, 2020, the company paid its annual fire insurance premium of $7,200 for the year beginning December 1 and debited prepaid insurance.
2. On August 31, 2020, the company borrowed $115,000 from a local bank. The note requires principal and interest at 8% to be paid on August 31, 2021.
3. Mazzanti owns a warehouse that it rents to another company. On January 1, 2021, Mazzanti collected $26,400 representing rent for the 2021 calendar year and credited deferred rent revenue.
4. Depreciation on the office building is $19,200 for the fiscal year.
5. Employee salaries for the month of June 2021 $19,500 will be paid on July 20, 2021.

Required:
Prepare the necessary year-end adjusting entries at the end of June 30, 2018, for the above situations.

Answers

Answer:

1. Dr Insurance expense 1,800

Cr Prepaid insurance 1,800

2. Dr Interest expense 2,300

Cr Interest payable 2,300

3. Dr Deferred rent revenue 6,600

Cr Rent revenue 6,600

4. Dr Depreciation expense 4,800

Cr Accumulated depreciation—building 4,800

5. Dr Salaries and wages expense 19,500

Cr Salaries and wages payable 19,500

Explanation:

Preparation of the necessary year-end adjusting entries at the end of June 30, 2018, for the above situations

1. Dr Insurance expense 1,800

Cr Prepaid insurance 1,800

($7,200 × 3/12)

2. Dr Interest expense 2,300

Cr Interest payable 2,300

($115,000× 8% × 3/12)

3. Dr Deferred rent revenue 6,600

Cr Rent revenue 6,600

($26,400 × 3/12)

4. Dr Depreciation expense 4,800

Cr Accumulated depreciation—building 4,800

($19,200 × 3/12)

5. Dr Salaries and wages expense 19,500

Cr Salaries and wages payable 19,500

In December of this year, Paul, who is single, redeemed qualified Series EE U.S. Savings Bonds. The proceeds were used to help pay for his daughter's college tuition. Paul received proceeds of $10,000 representing principal of $7,000 and interest of $3,000. The qualified higher educational expenses he paid this year totaled $6,000. Paul has other adjusted gross income of $85,350. What is the amount of interest income Paul can exclude from his income this year

Answers

Answer:

$1,800

Explanation:

The computation of the amount of interest income that should be excluded is as follows:

Given that

Proceeds received $10,000  

Principle $7,000  

Interest   $3,000  

Qualified Higher Educational expenses $6,000

Now the amount excluded is  

= $3,000 ×($6,000 ÷ ($7,000 + $3,000))  

= $1,800

The following accounts are taken from the ledger of Crane Company at December 31, 2017. Notes Payable $19,600 Cash $5,900 Common Stock 24,500 Supplies 4,900 Equipment 74,500 Rent Expense 2,000 Dividends 7,800 Salaries and Wages Payable 2,900 Salaries and Wages Expense 37,200 Accounts Payable 8,800 Service Revenue 84,300 Accounts Receivable 7,800
Prepare a trial balance.
CRANE COMPANY
Trial Balance
For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017
Debit Credit
$ $
$ $

Answers

Answer:

DEBIT SIDE $140,100

CREDIT SIDE $140,100

Explanation:

Preparation of a trial balance.

CRANE COMPANY Trial Balance For the Month Ended December 31, 2017

DEBIT SIDE

Equipment $74,500

Accounts receivable $7,800

Cash $5,900

Supplies $4,900

Dividends $7,800

Salaries and Wages Expense $37,200

Rent Expense $2,000

TOTAL DEBIT SIDE $140,100

CREDIT SIDE

Common stock $24,500

Notes payable $19,600

Salaries and wages payable $2,900

Accounts payable $8,800

Service Revenue $84,300

TOTAL CREDIT SIDE $140,100

Therefore Prepare a trial balance CRANE COMPANY Trial Balance will have both. DEBIT and CREDIT BALANCE of $140,100

Presented below are selected account balances for Tamarisk Co. as of December 31, 2017.
Inventory 12/31/17 $60,050
Cost of Goods Sold $229,610
Common Stock 74,370
Selling Expenses 15,940
Retained Earnings 45,010
Administrative Expenses 37,625
Dividends 17,920
Income Tax Expense 29,930
Sales Returns and Allowances 12,116
Sales Discounts 14,740
Sales Revenue 410,200
Prepare closing entries for Tamarisk Co. on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
No.
Account Titles and Explanation
Debit
Credit
1. (To close accounts with credit balances)
2. (To close accounts with debit balances)
3. (To close net income / (loss))
4. (To close dividends)

Answers

Answer:

No.    Account Titles and Explanation         Debit           Credit

1         Sales Revenue                                  $410,200

                Income Summary                                             $410,200

          (To close accounts with credit balances)  

2.        Income Summary                               $339,961

                 Sales return & Allowance                                $12,116

                 Sales Discounts                                                $14,740

                 Cost of Goods Sold                                          $229,610

                 Selling Expense                                                $15,940

                 Administrative expense                                   $37,625

                 Income tax expense                                         $29,930

          (To close accounts with debit balances)

3.           Income Summary                              $70,239

                    Retained Earnings                                           $70,239

           (To close net income / (loss))

4.          Retained Earnings                               $17,920  

                     Dividends                                                         $17,920

            (To close dividends)

DRK, Inc., has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fees were $60,000. The offering price for the shares was $40, but immediately upon issue, the share price jumped to $44. a. What is the total cost to DRK of the equity issue? b. Is the entire cost of the underwriting a source of profit to the underwriters? multiple choice Yes No

Answers

Answer: a. $460,000 ; b. No

Explanation:

a. What is the total cost to DRK of the equity issue?

First, we calculate the implicit cost per share which will be:

= $44 - $40 = $4.

Therefore, the total implicit cost will be:

= $4 × 100,000

= $400,000

Therefore, total cost to DRK of the equity issue will be:

= Implicit cost + Explicit cost

= $400,000 + $60,000

= $460,000

b. Is the entire cost of the underwriting a source of profit to the underwriters?

No. The entire cost of the underwriting would not be a source of profit to the underwriters. This is because the cost of underpricing isn't included.

Leo is a recruitment executive for a large company. He has identified new labor resource requirements in both the marketing and production departments. What should be his first step in recruiting candidates for the positions?
A.
conduct background checks of candidates
B.
make job offers
C.
arrange interviews
D.
conduct reference checks
E.
place job ads on job sites

Answers

Answer:

E. place job ads on job sites

Explanation:

The first step for Leo is to place the Job advertisement on the various job sites.  Advertising is making the public aware of the vacancy. The purpose of going public is to attract as many qualified candidates as possible. Having a large pool of candidates increases the possibility of getting the right person for the job.

The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2001 as the base year.
Year 2000 2001
Price Quantity Price Quantity
Ice Cream $7.00 600 $3.00 400
Blue Jeans $70.00 20 $20.00 90
Laptops $300.00 5 $300.00 5
2000 nominal GDP = $_________
2001 nominal GDP = $_________
2000 real GDP = $_________
2001 real GDP = $_________

Answers

Answer and Explanation:

The computation is shown below:

As we know that

Nominal GDP = Sum of (Present Year Price × Present Year Quantity)

And,  

Real GDP = Sum of (Base Year Price × Present Year Quantity)

Now

(a) Nominal GDP, 2000 is

= $[(7 × 600) + (70 × 20) + (300 × 5)]

= $4,200 + $1,400 + $1,500

= $7,100

(b) Nominal GDP, 2001 is

= $[(3 × 400) + (20 × 90) + (300 × 5)]

= ($1,200 + $1,800 + $1,500)

= $4,500

(c) Real GDP, 2000 is

= $[(3 × 600) + (20 × 20) + (300 × 5)]

= $1,800 + $400 + 1,500

= $3,700

(d) Real GDP, 2001 is

= $[(3 × 400) + (20 × 90) + (300 × 5)]

= $1,200 + $1,800 + $1,500

= $4,500

Yekutia has the resources to manufacture 320 motorcycles or 570 lawn-mowers per year. The country of Bezanitia, has the capability of producing 230 motorcycles or 410 lawn-mowers per year. Which country has the largest opportunity cost to produce one more motorcycle and what is the opportunity cost to that country?

Answers

Answer:

Bezanitia,

1.782609

Explanation:

Opportunity cost is the cost of the next best option forgone hen one alternative is chosen over another alternative.

By choosing to produce one  more motorcycle, the countries would be giving up the opportunity to produce one more unit of lawn mowers

Yekutia's opportunity cost in the production of motor cycle = 570 / 320 = 1.781250

Bezanitia's opportunity cost in the production of motor cycle = 410 / 230 = 1.782609

A company's ledger is: Group of answer choices A record containing increases and decreases in a specific asset, liability, equity, revenue, or expense item. A journal in which transactions are first recorded. A collection of documents that describe transactions and events entering the accounting process. A list of all accounts a company uses with an assigned identification number. A record containing all accounts and their balances used by the company.

Answers

Answer:

A record containing all accounts and their balances used by the company.

Explanation:

A company's ledger is a record containing increases and decreases in a specific asset, liability, equity, revenue, or expense item.

When a transaction occurs, it is initially recorded in a journal, which serves as the first entry point for documenting transactions. The journal provides a chronological order of transactions. These transactions are then transferred to the ledger, where they are organized by account.

The ledger consists of individual accounts, each assigned an identification number. These accounts represent different categories, such as cash, accounts payable, inventory, sales revenue, etc. Every transaction affecting these accounts is recorded in the ledger, indicating the increases or decreases in their respective balances.

Overall, the ledger provides a comprehensive snapshot of the company's financial position and helps in generating financial statements. It allows businesses to monitor their financial health, track transactions accurately, and prepare financial reports for analysis and decision-making.

Hence the correct option is (a).

To know more about ledger here

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The following cost information shows that as production increases, Quantity produced/day Total Cost 0 $2,000 1 $2,500 2 $2,800 3 $3,300 4 $4,100 5 $5,300 6 $7,000 Group of answer choices average total cost decreases and then increases. average fixed cost increases. Total cost is increasing slower and slower. marginal cost falls.

Answers

Answer:

The following cost information shows that as production increases, the

average total cost decreases and then increases.

Explanation:

a) Data and Calculations:

    Quantity      Total Cost   Marginal  Average

produced/day                        Cost      Total Cost

0                         $2,000     $2,000      $0

1                          $2,500        $500      $2,500

2                         $2,800        $300       $1,400

3                         $3,300        $500        $1,100

4                         $4,100         $800       $1,025

5                        $5,300      $1,200       $1,060

6                        $7,000      $1,700        $1,167

b) The average total cost is the total cost divided by the quantity produced per day.  When no unit was produced, the company still incurred some cost, known as fixed cost for production infrastructure, etc.  As the quantity produced increases, the average total cost tends to decrease until the quantity increased to 5 units.  Perhaps, the factory capacity was exceeded at this point.  No wonder the entity recorded an increase in the average total cost.

ABC Services reported the following transactions for September, 2013. A) The owner opened the business with a capital contribution of $23,500 cash. It was credited to Capital. B) The business purchased office equipment for $11,500. The business paid $2,500 cash down and put the balance on a note payable. C) The business paid insurance expense of $1,350 cash. D) The business paid a utility bill for $980 cash. E. The business paid $2,000 cash for September rent. F. The business had sales of $12,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales. G. The business paid $9,700 cash for office furniture. What are the total liabilities at the end of September, 2013

Answers

Answer:

ABC Services

The total liabilities at the end of September, 2013

= $9,000

Explanation:

a) Data and Calculations:

Capital contribution = $23,500

Equipment = $11,500

Cash payment for equipment = $2,500

Note payable on equipment = $9,000

Insurance expense paid = $1,350

Utility expense paid = $980

Rent paid = $2,000

Sales = $12,000

Cash Sales = $7,200 (60% of $12,000)

Credit Sales = $4,800 (40% of $12,000)

Office furniture paid = $9,700

Therefore, total liabilities at the end of September, 2013 = $9,000.  This represents the note payable for the office equipment purchased in B.

Based on this model, households earn income when _______purchase______ in factors markets.
Suppose Eileen earns $600 per week working as a corporate attorney for Rowan and Martin Associates. She uses $8 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Clancy $350 per week to work the cash register. Clancy uses $175 to purchase legal service from Rowan and Martin Associates Identify whether each of the following events in this scenario occurs in factor market or the product market.
Event Factor Market Product Market
Clancy earns $350 per week working for Pillmart Pharmacy.
Eileen earns $600 per week working for Rowan and Martin Associates
Clancy spends $175 to purchase legal service from Rowan and Martin Associates.
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.
a. The $350 per week Clancy earns working for Pillmart Pharmacy
b. The $175 Clancy spends to purchase legal service from Rowan and Martin Associates
c. The aspirin Eileen receives
d. Eileen's labor

Answers

Answer:

Based on this model, households earn income when FIRMS purchase SERVICES in factors markets.

Identify whether each of the following events in this scenario occurs in factor market or the product market.

Event Factor Market Product Market

Clancy earns $350 per week working for Pillmart Pharmacy. FACTOR MARKET

Eileen earns $600 per week working for Rowan and Martin Associates FACTOR MARKET

Clancy spends $175 to purchase legal service from Rowan and Martin Associates. PRODUCT MARKET

Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.

b. The $175 Clancy spends to purchase legal service from Rowan and Martin Associates PRODUCT MARKET, HOUSEHOLD PURCHASES PRODCUTS

d. Eileen's labor FACTOR MARKET, HOUSEHOLDS SELL SERVICES TO FIRMS

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