If the economy is in a recessionary period, appropriate policies to pursue may include:__________
Answers
If the economy is in a recessionary period, appropriate policies to pursue may include a reduction in government spending that shifts the AD curve to the left.
A recession is a considerable, considerable, and prolonged downturn in the economic pastime. because recessions are often the ultimate six months or greater, one famous rule of thumb is that two consecutive quarters of decline in a country's Gross Home Product (GDP) represent a recession.
The extremely good Recession began in December 2007 and lasted till June 2009. The subprime mortgage crisis and the sizeable use of derivatives caused a financial institution credit score disaster which then spread to the worldwide financial system. In 2008, GDP shrank in Q1, Q3, and this autumn, dropping 8.4% in this autumn.
Healthcare, meals, purchaser staples, and basic transportation are examples of notably inelastic industries which can perform nicely in recessions. they will additionally advantage from being taken into consideration important industries in the course of a public fitness emergency like the COVID-19 pandemic.
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Related Questions
_____ _____ is a way to see if your product is meeting the needs of your customers.
Answers
Imagine an employer was interviewing two equally qualified applicants for the same job. One of the applicants follows instructions well. The other is a critical thinker who questions the instructions to some degree. If the employer needs to find an applicant who can work effectively on his or her own, which applicant should be chosen and why? Explain your answer in three to five sentences. Givivng all points but i need it quick
Answers
Answer:
The applicant who follows instructions well is better fitted for the job. The employer needs someone who can work effectively on his or her own, so the applicant who follows instructions well is less likely to inquire about the instructions. The applicant who questions the instructions to some degree wouldn't fit the employers needs because they would need to ask questions and wouldnt work on their own very well. (I did my best and I apologize if it's too late, i just saw the question)
If you believe your mutual fund can achieve a 10.6 percent annual rate of return, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today?Amount to be invested $
Answers
By investing $52,631.63 today, an investor can expect to have $20,000 in 10 years at a 10.6 percent annual rate of return. This can be used to purchase a car on the day the investor turns 30.
Assuming a 10.6% rate of return, and a 10 year period, the amount of money needed to purchase a car in 10 years would be calculated by multiplying the amount of money desired by the present value factor. The present value factor for a 10 year period at 10.6% is 0.38. Therefore, the amount to be invested today is the cost of the car divided by 0.38.
For example, if the cost of the car is $20,000 then the amount to be invested today is $52,631.63. This calculation is derived by taking $20,000 divided by 0.38. Investing this amount at 10.6 percent annual rate of return should result in $20,000 in 10 years.
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Why do you think economists have different belief systems/theories on economics?
Answers
Answer:The principal disagreement among economists is a matter of economic philosophy. There are two major schools of economic thought: Keynesian economics and free-market, or laissez-faire, economics.
Keynesian economists, named after John Maynard Keynes, who first formulated these ideas into an all-encompassing economic theory in the 1930s, believe that a well-functioning and flourishing economy may be created with a combination of the private sector and government help.
By government help, Keynes meant an active monetary and fiscal policy, which works to control the money supply and adjust Federal Reserve interest rates in accordance with changing economic conditions.
By contrast, the free-market economists advocate a government "hands-off" policy, rejecting the theory that government intervention in the economy is beneficial. Free-market economists—and there are many distinguished advocates of this theory, including Nobel Memorial Prize winner Milton Friedman—prefer to let the marketplace sort out any economic problems. That would mean no government bailouts, no government subsidies of business, no government spending explicitly designed to stimulate the economy, and no other efforts by the government to help what the economists believe is the ability of a free economy to regulate itself.
Explanation:
Southern fried chick'n has estimated quarterly, sales for next year, starting with quarter 1, of $38,200, $41,300, $79,700, and $32,900.the accounts receivable period is 11 days. what is the expected accounts receivable balance at the end of the second quarter? assume each month has 30 days.
Answers
The expected accounts receivable balance at the end of the second quarter would be approximately $7,227.22. Receivable balance represents the total outstanding receivables that are due to be collected from customers.
To calculate the expected accounts receivable balance at the end of the second quarter, we need to determine the average daily sales and then multiply it by the accounts receivable period. Here's the calculation:
Average Daily Sales = Quarterly Sales / Number of Days in the Quarter
Average Daily Sales = (Q1 Sales + Q2 Sales) / (Number of Days in Q1 + Number of Days in Q2)
Q1 Sales: $38,200
Q2 Sales: $41,300
Number of Days in Q1: 30 (assuming each month has 30 days)
Number of Days in Q2: 91 (3 months * 30 days per month)
Average Daily Sales = ($38,200 + $41,300) / (30 + 91)
Average Daily Sales = $79,500 / 121
Average Daily Sales ≈ $657.02
Expected Accounts Receivable Balance at the End of the Second Quarter = Average Daily Sales * Accounts Receivable Period
Accounts Receivable Period: 11 days
Expected Accounts Receivable Balance at the End of the Second Quarter = $657.02 * 11
Expected Accounts Receivable Balance at the End of the Second Quarter ≈ $7,227.22
Therefore, the expected accounts receivable balance at the end of the second quarter would be approximately $7,227.22.
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Question 19
The SEC's powers include all of the following except the power to
O establish new federal agencies for the prosecution of securities law violations.
O issue a cease and desist order.
O investigate potential violations of securities laws.
O initiate criminal charges against a company that has violated securities laws.
Answers
The SEC's powers include all of the following except the power to establish new federal agencies for the prosecution of securities law violations.
What does the SEC investigate?The SEC's Division of Enforcement can bem ecribd as the entity that is in the charge of investigating alleged breaches of securities law.
It should be noted that the SEC investigations is been set up to handle the case such s the Unregistered securities offerings,as ll s insider trading, accounting errors and negligence, market manipulation, U. S. Securities as well as Exchange Commission help to Protect investors in the market all day.
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PLEASE HELP :(
A transaction that involves investing cash in a business, why is it usually debited, shouldn't it be a decrease (credit)? Just a little confused.
Answers
in the hvacr trade tubing is joined together by what?
Answers
Answer:
Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.
a+company+issued+6%,+15-year+bonds+with+a+face+amount+of+$75+million.+the+market+yield+for+bonds+of+similar+risk+and+maturity+is+6%.+interest+is+paid+semiannually.+at+what+price+did+the+bonds+sell?
Answers
To determine the price at which the bonds sold, we can use the present value of the bond formula. We can calculate the present value of each cash flow and sum them up to find the bond price.
To find the price at which the bonds sold, we need to calculate the present value of the bond's future cash flows. The bond pays a 6% coupon rate on the face amount of $75 million semiannually for 15 years.
Using the present value of the bond formula, we discount each cash flow by the market yield rate of 6% and sum them up to find the bond price. The formula is:
Bond Price = (Coupon Payment / (1 + Yield/2)^n) + (Coupon Payment / (1 + Yield/2)^(n-1)) + ... + (Coupon Payment + Face Amount / (1 + Yield/2)^(n-1))
Where Coupon Payment is the semiannual coupon payment, Yield is the market yield rate, and n is the number of semiannual periods (30 for 15 years).
By plugging in the values, we can calculate the price at which the bonds sold. The result will reflect the present value of the bond's future cash flows discounted at the market yield rate.
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In the last paragraph, you need to compare your
country's government with what you know about the US
government.
Write your final paragraph in this space.
Answers
The government of my country is vastly different from the US government. In my country, the government is a unitary system, meaning that the power and authority are concentrated in a central government.
What is the comparison of our country's government with what you know about the US government?
Our government is a constitutional monarchy, with Queen Elizabeth II as the Head of State. The government is headed by a Prime Minister who is chosen by the majority party in the House of Commons. The US government is a federal republic, with the President as the Head of State. The government is headed by the President, who is elected by the people in a general election. Both governments have a bicameral legislature, consisting of an upper and lower house. Both countries have a system of checks and balances, where the executive, legislative, and judicial branches are equal. Additionally, both countries have a judicial system to uphold the rule of law. However, the US is a republic and the UK is a monarchy, so there are some differences in terms of how their respective governments are organized.
So, These were the comparison of our country's government with what you know about the US government.
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The purpose of this measure is to Increase employment. Combat inflation. Lower interest rates. Control consumption.
Answers
Combat inflation can be defined as a tool which is used by the government with the purpose of increasing the employment at the time of recession in the economy.
What is combat inflation?Combat inflation is a technique used by the national governments or other such authorities to where the cost of wages and controls over prices are levied.
A combat inflation in the economy is an effective technique which acts as a double-edged sword for increasing the employment as well as lowering the cost of hiring for the employers.
The only concern in a combat inflation technique is that it cannot be used as a tool for increasing the unemployment, which is highly and unlikely unfavorable for an economy, leading to loss of jobs.
Hence, option A; The purpose of the combat inflation measure is to increase employment rate in the country is the correct statement.
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Answer:
Combat Inflation
Explanation:
source: trust me bro
Holy macaroni! That's Almost It!
We're done with the four habits of millionaires-to-be.
Do you remember what the habits were? Let's see...
Check the sentences that best describe the "Big Four
Habits."
And you'll see this question again in the test
. You're not quite there yet. Try again.
Virtually all of the 7 million millionaires in the United States
never had to think about tomorrow, since they knew they would be
rich.
were always thinking ahead.
wanted their money to work for them.
wanted to store their money under the bed.
were looking forward to buying a lot of nice toys.
assumed all sellers were telling the truth.
learned how to make smart decisions by doing their homework.
always paid their cell phone first.
always paid themselves first.
Answers
Answer:
2,3,7 and the last one
Explanation:
Just had the same question and went back into the lesson to look . THESE TAKE FOREVER HAHA
Seven million millionaires in U.S :
we're always thinking ahead.wanted their money to work for them.learned how to make smart decisions always paid themselves first.Who are millionaires?Millionaires are those individuals who have a net worth that is equal to or are then one million units of currency.
These people include businessmen that have own business and own large amount of shares in other companies. The millionaires networth and financial assets also contribute to the nation's GDP.
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The chart shows a range of credit scores.
A bar chart titled Sample Credit Score Range has Rating on the x-axis, and credit score on the y-axis, from 0 to 800 in increments of 100. A poor credit score is 500, a weak score is 600, an average score is 700, a good score is 730, a very good score is 750, and an excellent score is 800.
A credit score between 500 and 600 means a consumer would most likely
find it easy to get a loan.
find it hard to get a loan.
get a loan with low payments.
get a loan with low interest.
Answers
Answer:
find it hard to get a loan.
Explanation:
According to the bar chart, a credit rating of between 500 and 600 lies within a bad and poor credit score. A bad or poor credit score indicates the irresponsible use of credit facilities and bad credit history. It tells that the individual has a history of missing out on loan installments, late payments, or defaulting on loans.
A bad or poor credit rating implies that a customer is highly likely to default on loan repayment. Due to this reason, lenders judge them to be high-risk customers and are likely to deny them credit facilities.
Answer: B
Explanation:
cookiesamichael12345678
Answers
Answer: ?
Explanation:
Girl what does that mean, either you can count right or thats a username
gdp is the sum of consumption, investment, government purchases, and:
Answers
GDP is the sum of consumption, investment, government purchases, and net exports.
GDP or Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is calculated by summing up the total expenditures made by households, businesses, and the government on all final goods and services in an economy.
There are four main components of GDP. These components are as follows: Consumption, Investment, Government purchases and Net exports. GDP is the sum of consumption, investment, government purchases, and net exports (exports - imports).
Consumption is the total spending by households on goods and services during a specific period. This component includes durable goods, non-durable goods, and services.Investment includes the total spending by businesses on goods and services that are used to produce other goods and services.
This component includes spending on capital goods (machinery, equipment, and buildings), inventories, and new residential construction.Government purchases include the total spending by the government on goods and services, which are used to provide public services such as national defense, education, and public health.
Net exports are the total value of exports minus the total value of imports. It represents the difference between the value of goods and services that a country sells to other countries and the value of goods and services that it buys from other countries.
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Determining the blend of promotion methods is a strategy decision which is the responsibility of the:______.
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Determining the blend of promotion methods is a strategic decision that is the responsibility of the marketing manager.
In career terms, promotion refers to an employee's advancement in rank or position in a hierarchical structure. In marketing, promotion is another kind of progress. Promotion includes the characterization of a particular product or service (through advertising or discounted pricing). The purpose is to draw the attention of potential customers to the purchase of your product. For example, A 'buy one get him one free' offer grabs the customer's attention.
Promotion occurs when an employee is promoted to a higher rank, position, or role within a company or organization as a result of outstanding performance. Promotions usually come with more responsibility or a higher salary
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A Bakery stocks daily five gourmet fancy fruit-topped cakes. All the cakes that are not sold during the day are thrown away, and the bakery restocks the next day with new cakes, bringing the in-stock level up to five at the beginning of each day. If daily demand is greater than the five cakes in stock the bakery loses sales. The special cake sells for $32 and costs the store $10. The probability distribution of daily demand for the cake is as shown below daily demand - 0, 1,2,3,4,5,6,7 Px - 0.01, 0.02, 0.04, 0.06, 0.20, 0.60, 0.05, 0.02
Answers
Answer:
The answer is "$1.98".
Explanation:
calculating the profit per cake \(= \$32 -\$10 =\$22\)
\(\text{if demand}=6 , \ lose =\$22 \\\\\text{if demand}= 7,\ lose = \$44\\\)
Calculating E(profit lost):
\(=\$22 \times 0.05+ \$44 \times 0.02\\\\ =\$ 1.1+\$ 8.8\\\\=\$ 1.98\)
List three reasons that people should pay their taxes.
Answers
Improved Healthcare and Education
A significant chunk of the collected taxes is spent on improving healthcare in the country. There are government hospitals that offer medical services without any cost or at minimum cost. Over the years, the quality of service provided by government hospitals has improved by leaps and bounds, and it has only happened because of taxpayers paying tax.
Helps Build the Nation
The cost of running an entire country, especially one that is as large and populated as ours, is humongous. It is through the taxes we pay that the government can perform civil operations. In other words, without taxes, it would be impossible for the government to run the country.
Avoid Tax Back
When being confronted with back taxes we owe the government, we often think of ways to cut back on it. Well, most tax laws understand the hardships of every taxpayer. Though, tax services are available for those who are delinquent in paying their taxes, which is a helpful opportunity to people who don’t have available money or funds.
Answer:
3 reasons why ppl should pay their darn taxes is because:
Explanation:
Social Welfare Pack. Social welfare and social security are one of the greatest benefits the less privilege, homeless and those in need enjoy without having to pay back. ...
Sustain Government. A tax irrespective of its name is another life source of government sustenance. ...
Avoid Tax Back.
7 Record the following details relating to a carpet. retailer for the month of Negreniber 10x7 and tuted a trial balance as at Bohta Motre mber 20x7. I starred in business with C15,000 in the Banic 3 Bought good on Credit from J Small € 270; I Bioon € 1.200, I Ravee Glo; R Charles €530. is Cash sales €610- 6 paul veru by cheque €175. paid 7 pail business rate by cheque € 130 4 fold goods on Credit to: I potts €85 17. paid Wayer by Cash €290. to kile returned goods to: J Small €18; R Charles 17. Bought good on Credit fom: R. Charles € 110, T Rae € 320; F Jack Elts. 20 Goods were returned to us by: J. Freld €6; I potts €14. 21 Bought van on Credit from Timkey Motors €4,950. 23 lele paid the following by cheque: I small; €272) + Brown £1,200, I have €500. 25 Bought and then van, plying by cheque illmecially €6,200. 26 Recierned a lon of €750 cash from 13. Bannel. 18 Recierred choques from I potts (7); J Field €42. 38 proprietor brings a further € 900⁰ in to the busineu by payment into the business bank account.
Answers
Here is the accounting entries for the carpet retailer for the month of November 2017:
The Accounting EntriesNov 1: Started business with €15,000 in the bank.
Nov 3: Bought goods on credit from J Small, F Brown, T Rae, and R Charles for €270, €1,200, €610, and €530, respectively.
Nov 5: Made cash sales for €610.
Nov 6: Paid rent by cheque for €175.
Nov 7: Paid business rates by cheque for €130.
Nov 11: Sold goods on credit to T Potts, J Field, and T Gray for €85, €48, and €1,640, respectively.
Nov 17: Paid wages by cash for €290.
Nov 18: Returned goods to J Small and R Charles for €18 and €27, respectively.
Nov 19: Bought goods on credit from R Charles, T Rae, and F Jack Elts for €110, €320, and €200, respectively.
Nov 20: Goods were returned to us by J Field and T Potts for €6 and €14, respectively.
Nov 21: Bought a van on credit from Timkey Motors for €4,950.
Nov 23: Paid the following by cheque: J Small, €272; F Brown, €1,200; and T Rae, €500.
Nov 25: Bought another van, paying by cheque immediately for €6,200.
Nov 26: Received a loan of €750 cash from J Banner.
Nov 27: Received cheques from T Potts and J Field for €7 and €42, respectively.
Nov 30: Proprietor brought a further €900 into the business by payment into the business bank account.
The trial balance as at 30 November 20X7 is as follows:
Debit | Credit
-------|--------
Bank | €21,820
Capital | €15,000
Goods for resale | €3,320
Accounts receivable | €2,141
Wages | €290
Rent | €175
Business rates | €130
Loan | €750
Vans | €11,150
Total | €39,405 | €39,405
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If your marginal propensity to consume is 0. 4 and you get an additional $300 in income, you would spend ________ on consumption.
Answers
I will spend $120 on consumption if marginal propensity to consume is 0. 4 and i get an additional $300 in income.
What is marginal propensity to consume(MPC)?Marginal propensity to consume (MPC) is the portion of an income that a person spends instead of saving the income.
The marginal propensity to consume(MPC) is computed as
= Change in consumption / Change in income.
However, the consumption would be
= Change in income * marginal propensity to consume(MPC)
= 0.4 x 300
= $120
Hence, I will spend $120 on consumption if marginal propensity to consume is 0. 4 and i get an additional $300 in income.
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Which of the following factors are considered when calculating gdp? i. goods produced within a country by citizens of that country ii. goods produced within a country by residents who are not citizens iii. goods produced within a country for use in production of other goods iv. goods produced by a country’s citizens outside of its borders a. ii and iii b. i only c. i and ii d. i, ii, iii, and iv
Answers
Gross domestic product (GDP) is the total amount or market worth of all finished products and services produced within the borders of a country in a given time period.
How is GDP calculated?GDP is often estimated on an annual basis, but it is also measured quarterly. The government of the United States, for example, produces an annualized GDP assessment for each fiscal quarter as well as for the entire calendar year.
The various data sets included in this study are presented in real terms, which means that the data has been adjusted for price changes and is thus net of inflation.
Thus, Option D is correct about the factors of GDP.
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Evaluate whether a business should made decisions solely on the basis of the profit made or weather it should also consider other factors.
Answers
While profit is important, it should not be the only factor that businesses consider when making decisions. A holistic approach that takes into account the impact on the environment, employees, and wider society is essential for sustainable success.
While profit is certainly a crucial factor for any business, it should not be the sole consideration when making decisions. There are other important factors that should be taken into account to ensure that the business is sustainable in the long run.
One such factor is the impact on the environment. Companies have a responsibility to reduce their carbon footprint and to minimize the negative impact of their operations on the environment. Failing to do so could result in a damaged reputation and loss of customers who are increasingly concerned about the environment.
Another important consideration is the well-being of employees. A business that values its employees and creates a positive working environment will be more productive and have lower turnover rates. It is also important for businesses to be socially responsible and to give back to the community through charitable donations and other initiatives.
Furthermore, businesses must also consider their impact on the economy. Decisions that negatively affect other businesses or the wider community could have negative consequences in the long term.
In conclusion, while profit is important, it should not be the only factor that businesses consider when making decisions. A holistic approach that takes into account the impact on the environment, employees, and wider society is essential for sustainable success.
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A business should not make decisions solely based on profit but should also consider other factors. While profit is a crucial aspect for the sustainability and growth of a business, focusing exclusively on profit can lead to negative consequences in the long run. Here are some reasons why businesses should consider other factors:
1. Ethical and Social Responsibility: Businesses have a responsibility to act ethically and consider the impact of their decisions on society and the environment. Ignoring ethical considerations can lead to reputational damage, legal issues, and loss of public trust.2. Customer Satisfaction: Satisfying customer needs and providing value should be a priority for any business. A sole focus on profit may lead to compromising product quality, customer service, or neglecting customer feedback, which can ultimately harm the business's reputation and customer loyalty.3. Employee Well-being: Employees are vital to the success of a business. Considering factors such as fair wages, a safe working environment, and opportunities for growth and development can enhance employee morale, productivity, and retention. Ignoring employee well-being may lead to high turnover rates, decreased productivity, and a negative work culture.4. Long-Term Sustainability: Making decisions with a long-term perspective is essential for the sustainability of a business. Focusing solely on short-term profit may result in neglecting investments in innovation, research and development, employee training, and market expansion, which can limit the business's ability to adapt to changing market dynamics and stay competitive.5. Stakeholder Relationships: Businesses operate within a network of stakeholders, including suppliers, investors, communities, and regulators. Considering the interests and maintaining positive relationships with these stakeholders is vital for long-term success. Ignoring stakeholder concerns may result in legal and regulatory challenges, supply chain disruptions, and damage to the business's overall reputation.In conclusion, while profit is important for the viability of a business, decisions should also consider ethical, social, and long-term factors. By adopting a holistic approach, businesses can build a sustainable and responsible foundation that benefits all stakeholders and ensures long-term success.
Demand for bikes has suddenly increased, and the
market price has risen from $50 to $60.
In three to five sentences, explain how this change will
affect profits.
Answers
When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.
What is meant by profit?Profit is an incentive earned by a company by selling its products at a price higher than the original cost.
From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.
Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.
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Answer:
Sample response: If the market price of bikes rises from $50 to $60, then the company will want to produce a larger quantity of bikes. This is because the overall marginal revenue is now higher and will be maximized differently. Before profit was maximized at six bikes, now the profit will be maximized by producing more bikes, perhaps seven.
Explanation:
______ is based on customers' opinion on products and services.
A) Conformance
B) Aesthetics
C) Durability
D) Performance
E) Perceived quality.
Answers
The products and services are the final consumption of the customers. They are the manufactured goods and services by the firm which they avail to the customers for consumption and bring up the revenue and profitability of the customers.
The correct option is E) Perceived quality.
This is the right option because when the customer prefers to purchase any of the products in the market, it foremost goes through the quality of the product. Quality is the priority of the customers in the market. The customers go for the very first priority with the quality in order to seek the best products and also it gives higher revenue and profitability.
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explain time and space
Answers
Answer:
Space-time is the conceptual model that best explains how the universe works.
space-time explains the unusual relativistic effects that arise from traveling near the speed of light as well as the motion of massive objects in the universe.
We all measure our experience in space-time differently. ... First, time appears to move slower near massive objects because the object's gravitational force bends space-time.
Public Domain The phenomenon is called "gravitational time dilation." In a nutshell it just means time moves slower as gravity increases.
Explanation:
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Which of the following explains how revenue is determined?
A. The total amount of money brought in by sales.
B. Gross domestic product is calculated.
C. Costs are subtracted from revenues.
D. The maximum level of benefits is figured.
Edit: Its not C
Answers
Answer:
A. The total amount of money brought in by sales.
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answers
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
Whom does the government and public administration career clutter serve?
A. Private citizens
B. Army and navy
C. Government employees and the military
D. National security and the foreign service
Answers
Answer:
it is A. Private citizens
Explanation:
edge 2020 :)
the centerpiece of the marketing environment analysis framework is
Answers
Consumers are the centerpiece of the marketing environment analysis framework. Option E.
The marketing environment analysis framework is a tool utilized in marketing to comprehend the numerous elements that influence a company's capacity to sell its goods or services. Both internal and external aspects that affect a company's marketing choices and tactics are included in the marketing environment.
The consumer serves as the focal point of the framework for marketing environment analysis. This is so because consumers are the ones who actually use the goods or services that a company provides, and they are the ones who ultimately decide whether or not a company's marketing efforts are successful.
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The complete question is:
The centerpiece of the marketing environment analysis framework is _____.
(a) green marketing
(b) corporate partners
(c) culture
(d) competitive intelligence
(e) consumers.
On june 1 of the current year, chris bates established a business to manage rental property. The following transactions were completed during june:
Answers
An commitment between a buyer and a seller defines a transaction. In a transaction, the sellers pays cash for the shipment of products, services, or other investment securities.
The impact of each transaction and resulting balance is as follows:
Transaction 1: Exchanged common shares for a deposit of $75,000 to open a company bank account.
Effect: Cash and Common Stock both increase by $75,000 each.
$75,000 in cash and $75,000 in common stock.
Transaction 2: Spent $2,200 on office supplies using a credit card.
Effect: The cost of office supplies and accounts payable both rise by $2,200.
Balances: $75,000 in cash, $75,000 in common stock, $2,200 in office supplies, $2,200 in supplies for accounts, and $2,200 in payables.
-Transaction 3: Received $19,500 in cash as payment for management fees.
Effect: A $19,500 increase in service revenue and a $19,500 increase in cash purchases.
Balances: $94,500 in cash, $75,000 in common stock, $2,200 for office supplies, $2,200 for accounts payable, and $19,500 for service revenue.
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