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alexandr1967 [171]

2 years ago

3

cruz had 672.13 in his checking account and a check that he wrote to his landlord for 650.00 was just deposited. this will resul

t of which if the following fees

2 answers:

marshall27 [118]2 years ago

8 0

The correct answer is: None of the above.
Your answer for Apex Learning ^

DIA [1.3K]2 years ago

5 0

none of the above on apex

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Christie and Jergens formed a partnership with capital contributions of $360,000 and $460,000, respectively. Their partnership a

Orlov [11]

Answer:

Christie's share is $104500 while Jergens share is $48500. Thus, the first option is the correct answer.

Explanation:

The appropriation of net income among the partners will be as follows,

$ $

Net Income $153000

<u>Less: Salary to Partner</u>

Christie (66000)

<u>Less:Interest on Capital</u>

Christie 36000

Jergens <u>46000 (82000)</u>

Remaining Profit 5000

<u>Distribution of Remaining Profit</u>

Christie (5000/2 = 2500) 2500

Jergens (5000/2 =2500) <u>2500</u>

<u />

<u />

Christie's Share = 66000 + 36000 + 2500 = $104500

Jergen's share = 46000 + 2500 = $48500

5 0

2 years ago

The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each y

matrenka [14]

Answer:

Year Nominal wage Real wage Price level Inflation rate

1 $7 $5 140 Nil

2 $9 $6 150 7.14 %

3 $12 $7.5 160 6.67 %

Explanation:

Note: The table for the question is attached as picture

Price level in Year 1 = (Nominal wage in year 1/Real wage in year 1) * 100

Price level in Year 1 = ($7.00 / $5.00) * 100

Price level in Year 1 = 1.4 * 100

Price level in Year 1 = 140

Real wage in Year 2 = (Nominal wage in year 2 / Price level in year 2) * 100.

Real wage in Year 2 = ($9.00 / 150.00) * 100

Real wage in Year 2 = $6

Nominal wage in Year 3 = (Real wage in Year 3 * Price level in Year 3) / 100.

Nominal wage in Year 3 = ($7.50 * 160) / 100

Nominal wage in Year 3 = $1,200 / 100

Nominal wage in Year 3 = $12

Inflation rate in Year 2 = (Price level in Year 2 - Price level in Year 1) / Price level in Year 1.

Inflation rate in Year 2 = (150 - 140) / 140

Inflation rate in Year 2 = 10 / 140

Inflation rate in Year 2 = 0.0714

Inflation rate in Year 2 = 7.14 %

Inflation rate in Year 3 = (Price level in Year 3 - Price level in Year 2) / Price level in Year 2.

Inflation rate in Year 3 = (160 - 150) / 150

Inflation rate in Year 3 = 10 / 150

Inflation rate in Year 3 = 0.0667

Inflation rate in Year 3 = 6.67%.

6 0

2 years ago

Demski Company pays its employees on the 1st and 15th of each month. It is March 31 and Demski is preparing financial statements

Elden [556K]

Answer:

Explanation:

In the given transaction, it would impact the income statement and the balance sheet in the increment manner

That means The income statement would increase by $96,000 as it reflect the wages expense in the debit side of the income statement

And, the balance sheet would increase by $96,000 as it reflect the wages payable in the credit side of the balance statement under the current liabilities side of the balance sheet

6 0

2 years ago

The Fed increased the supply of US dollars at an average rate of 6 percent per year over the 1980-2005 period. Based on the theo

Charra [1.4K]

Answer:

These are the options for the question:

A. The average inflation rate during 1980-2005 would have been one percentage point higher than it actually was in that period.

B. The economy would have enjoyed a much higher level of output in the mid-2000s.

C. The price level in 2005 would have been about 28 percent higher than what it actually reached in that year.

D. The output of the economy in the mid-2000s would not have been very different from the levels it actually reached.

And this is the correct answer:

A. The average inflation rate during 1980-2005 would have been one percentage point higher than it actually was in that period.

Explanation:

According to the production capacity theory, if the money supply is increased, but the quantity of output is not, or is not increased at the same rate, then, inflation will set in.

In this case, the question is telling us that the Fed would have increased the money supply by one percentage point, but output (GDP growth) would have stayed the same.

For this reason, all else being equal, this higher amount of money supply would have simply created more inflation.

4 0

2 years ago

Bonita Company has a factory machine with a book value of $87,800 and a remaining useful life of 5 years. It can be sold for $32

qwelly [4]

Answer: Old machine should be replaced.

Explanation:

The variable manufacturing cost will reduce by:

= 624,000 - 524,000

= $100,000

Over a period of 5 years this will be:

= 100,000 * 5

= $500,000

Selling the old machine would bring in $32,000:

= 500,000 + 32,000

= $532,000

The cost of the new machine would reduce this gross benefit by:

= 532,000 - 455,100

= $76,900

<em>Net income will increase by a total of $76,900 over the 5 year period if the new machine is bought so it should be bought. </em>

4 0

2 years ago