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kodGreya [7K]
2 years ago
3

As you manage your personal finances, you’ll probably want to pay attention to general conditions in the economy. One general co

ncern for most people managing their day-to-day finances would be A. current interest rates. B. the international labor market. C. good deals in major real estate ventures. D. the likelihood of a major depression
Business
2 answers:
harkovskaia [24]2 years ago
4 0
I think the correct answer would be A.  One general concern for most people managing their day-to-day finances would be the current interest rates. It is the current interest rates that affects largely the finances of each individual It would control the purchasing power of the people and consequently the economy.
Karo-lina-s [1.5K]2 years ago
3 0

Answer: current interest rates

Explanation:

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During July, the cost of goods manufactured at Xxis Corporation was $70,000. The beginning finished goods inventory was $19,000
JulsSmile [24]

Answer:

The cost of goods sold =  $74,000

Explanation:

<em>Cost of goods sold is computed as</em>

<em>Opening stock + production- closing inventory</em>

<em>The figure is always subtracted from the sales revenue to determine the gross profit</em>

The cost of goods of XXis Corporation

Cost of goods sold = 19,000 +  70,000 - 15,000

 = $74,000

The cost of goods sold =  $74,000

5 0
2 years ago
You borrow $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly.
IrinaK [193]

Answer:

The solution is given in the attachments.

6 0
2 years ago
Read 2 more answers
A firm with concentrated ownership is a partnership, never a corporation. may enjoy more accounting transparency than firms with
Zina [86]

Answer:

may give rise to conflicts of interest between dominant shareholders and small outside shareholders.

Explanation:

Concentration of ownership of a firm occurs when only a person or a few individuals own large portions of the company.

Decision making on important aspects of the business are taken by these circle of people.

Concentrated ownership is an internal governance system where the majority owners have high degree of control on how the business operates.

This leads to conflict between the major owners and other small shareholders. The small shareholders may feel left out in decisions concerning the business.

4 0
2 years ago
Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of prod
Leto [7]

Answer and Explanation:

The preparation of the financial impact is shown below:

Particulars                                     Make                         Buy

Direct Material (7,400 × $7.50) $55,500  

Direct Labor (7,400 × $4.20) $31,080  

Variable overhead (7,400 × $8.30) $61,420  

Supervisors salary (7,400 × $3.20) $23,680  

Depreciation on special equipment $0                          $0

General overhead                    $3,400  

Purchase cost (7,400 × $27)                               $199,800

Opportunity cost                                               $(18,000)

Total Annual Cost                      $175,080                $181,800

b. As we can see that the total annual making cost is $175,080 and the total annual buying cost is $181,800 which increase the cost by $6,720. So in this case the company should make the product rather than buying them

4 0
2 years ago
Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2
sleet_krkn [62]

Answer:

E) General journal

Explanation:

The general journal is used to record all the accounting transactions carried out by a company. If the company uses an accounting tool software or a more complete ERP software, the transaction should be recorded immediately or as soon as possible.

For example, the journal record for this transaction should be:

  • Dr Accounts Payable account 6,000
  • Cr Cash account 6,000

5 0
2 years ago
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