Barney decides to quit his job as a corporate accountant, which pays $16,000a month, and goes into business for himself as a certified public accountant. He runs his business from his converted garage apartment, which he could rent out for $320 a month if he wasn't using it as a home office. He must purchase office supplies worth $70 a month, and his monthly electricity bill has increased by $50 now that he is working out of his home office. After six months of working from home. Barney has earned an average of $18,000 per month. Instructions: Enter your answers as a whole number. a. What are Barney's average monthly accounting profits? $ b. What are Barney's average monthly economic profits?

Answers

Answer 1

a. Barney's average monthly accounting profits can be calculated as: Revenue = $18,000 per month office supplies cost = $70 per month electricity bill increase = $50 per month rent foregone (opportunity cost) = $320 per month accounting profits = Revenue - Explicit costs Accounting profits = $18,000 - $70 - $50Accounting profits = $17,880 per monthTherefore, Barney's average monthly accounting profits are $17,880.

b. Barney's average monthly economic profits can be calculated as: Economic profits = Revenue - Explicit costs - Implicit costsOpportunity cost of foregone rent is the only implicit cost to Barney's business because he is running his business from his converted garage apartment which he could rent out for $320 per month.

Economic profits = $18,000 - $70 - $50 - $320 Economic profits = $17,560 per month. Therefore, Barney's average monthly economic profits are $17,560.

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Related Questions

What is the term used to describe a temporary low supply of a good or service?.

Answers

Answer:

That would be a shortage.

                   

Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Financial Analysts? Check all that apply. drawing charts and graphs to illustrate reports comparing insurance policies to determine the best choice informing investment decisions by analyzing financial information investigating cases of fraud helping families create realistic budgets

Answers

Answer:

A and C

Explanation:

BECAUSE I AM BIG BRAIN

Answer:

create client presentations of plan details

advise clients on aspects of capitalization, such as amounts, sources, or timing

Explanation:

1+1+1+1

PRESS PRESS PRESS PRESS PRESS CARDI AINT NEED NO PRESS
I WAS BORN TO FLEX DIMONDS ON MY NECK I LIKE MORNING CHECKS I LIKE MORING S**

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(4) But nun in this world that i like more then checks money

How far do most developers push their databases in normalization?
O to the first normal form
O to the second normal form
O to the third normal form
O to the fourth normal form

Answers

Answer:

c

Explanation:

Which monetary policy tool is a supplementary tool that sets a floor for the federal funds rate?- Overnight reverse repurchase agreement facility- Open market operations- Interest on reserve balances- Discount rate

Answers

Since the overnight reverse repurchase agreement facility's rate is established by the Fed and contributes to setting a floor for the federal funds rate, it is a complementary instrument.

Which three tools are used in monetary policy?

To influence the money supply, the Fed has three main weapons at its disposal. These instruments are open market operations, varying reserve requirements, and varying the discount rate.

What financial instrument is most crucial?

public market transactions - A monetary policy uses a variety of tools, including open market operations, requirements for bank reserves, and the discount rate, to accomplish macroeconomic objectives. The most significant and commonly employed instrument of the three is open market activities, though.

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WHERE DO YOU SEE YOURSELF IN 10 YEARS? Use the following prompts (you may add to them) to respond to this question in two or more well written paragraphs! What career or job will you have? What state do you want to live in? Why have you chosen this state? Will you own your own a house, rent an apartment or live at home? Will you have a family—marriage, kids? What do you hope your impact will be on your community, friends, family?

Answers

Answer:

I see myself having no family only a gf and why no kids is so I can raise them right have a house a business and work hard so they don't and I will be a, healthy man. And I am choosing this path because many people don't and fail when they have a family to take care of. Also I want to be able to ollie in the future. I want to be very successful so I can provide help to anyone who needs it and I want to have my own book motivating more people be more successful. The sate I will live in will probably be Utah or California so my fam will live well. Also I will try to homeschool the kids and teach them something new or have them go to a public school. This is what I want my future to be like but for now I have to make to come true so I have to grain. So peace have a goodnight/morning cya later or never.

Dmitri lives in Detroit and operates a small company selling drones. On average, he receives $702,000 per year from selling drones. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $402,000. He also pays several utility companies, as well as his employees wages totaling $279,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $8,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Dmitri does not operate the drone business, he can work as a programmer and earn a yearly salary of $20,000 with no additional monetary costs, and rent out his storefront at the $8,000 per year rate. There are no other costs faced by Dmitri in running this drone company

Answers

Dmitri's economic profit from operating the drone business is $13,000 per year. In the given scenario, Dmitri's economic profit is positive, indicating that his drone business is generating additional income beyond what he could earn in alternative employment.

Total Revenue: $702,000

Explicit Costs:

  - Wholesale cost: $402,000

  - Utility expenses + wages: $279,000

Opportunity Costs:

  - Foregone rental income: $8,000

  - Foregone salary as a programmer: $20,000

Calculating the economic profit:

Total Revenue - (Explicit Costs + Opportunity Costs)

$702,000 - ($402,000 + $279,000 + $8,000 + $20,000) = $13,000

Therefore, Dmitri's economic profit from operating the drone business is $13,000 per year.

This suggests that operating the business is a profitable venture for Dmitri. However, it's important to note that economic profit does not consider all costs, such as the cost of capital and the owner's labor. Additionally, this analysis assumes that the rental income and salary as a programmer are the only feasible alternative uses for Dmitri's resources. Evaluating the long-term sustainability and profitability of the drone business would require considering factors such as market competition, future demand for drones, and potential changes in costs and revenues.

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What is the relationship between economies of scale and intra-industry trade? Group of answer choices Intra-industry trade brings competition and diverse products to markets where economies of scale would otherwise promote fewer firms and fewer product options Intra-industry trade reduces competition and product variety in markets where economies of scale would otherwise promote competition and diverse products. As average total cost increases, intra-industry trade increases As average total cost decreases, intra-industry trade decreases.

Answers

The relationship between economies of scale and intra-industry trade is that intra-industry trade brings competition and diverse products to markets where economies of scale would otherwise promote fewer firms and fewer product options.

Economies of scale refer to the cost advantages that firms can achieve by increasing their production and operating at a larger scale. As firms produce more, they can benefit from lower average costs per unit due to factors such as spreading fixed costs, utilizing specialized machinery, or negotiating better input prices.Intra-industry trade, on the other hand, refers to the exchange of similar products within the same industry between countries. It involves trade in differentiated products or varieties, rather than just trade in homogeneous goods.

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Scenario-Optimism Imagine that the economy is in long-run equilibrium. Then, perhaps because of improved international relations and increased confidence in policy makers, people and businesses become more optimistic and have more confidence about the future. Use the Keynesian model of aggregate demand and supply to answer the following questions(s) Refer to Optimism. In the short run what happens to the inflation rate and real GDP? a. both inflation and real GDP rise.
b. inflation falls and real GDP rises. c. both inflation and real GDP are the same inflation rises and real GDP falls. d. both inflation and real GDP fall.

Answers

In the short run what happens to the inflation rate and real GDP a. both inflation and real GDP rise.

Explanation: According to the Keynesian model of aggregate demand and supply, if the economy is in long-run equilibrium and people and businesses become more optimistic and confident about the future due to better international relations and confidence in policy makers, there will be a shift in the aggregate demand curve to the right. This will cause a rise in both equilibrium output and prices.

However, in the short run, prices are sticky and will not rise immediately. This means that there will be an excess demand for goods and services which will lead to firms increasing output to meet demand. This increase in output will lead to an increase in real GDP. At the same time, prices will fall in response to the excess supply of goods and services. As a result, inflation will fall. Therefore, the correct answer is b. Inflation falls and real GDP rises.

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Which types of files are saved with the mp3 and .zip extensions?
v files are saved with the mp3 extension and
files are saved with .zip extension.

Answers

The solution is audio documents and compressed documents.


What is audio document?

The mp3 record is generally related to MPEG audio documents  and is a coding layout for virtual audio documents. MP3 record sorts frequently designates documents that comprise MPEG-1 audio and video encoded data .A zip record is a compressed record normally in ZIP layout this is broadly used to archive a pc supported record layout. Files related to .zip extensions are compressed right into a unmarried record for clean transportation. mp3 documents are audio documents, and .zip documents are compressed in order that they take much less space.  By so called (unzipping).zip documents, some thing documents had been compressed can be accessible.

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When a note receivable has a stated interest rate that is lower than the prevailing rate for similar loans, it is recorded atpresent value based on the stated interest rate.net realizable value.maturity value.present value based on the prevailing rate of interest..

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When a note receivable has a stated interest rate that is lower than the prevailing rate for similar loans, it is recorded at present value based on the prevailing rate of interest.

The prevailing rate of interest is the market rate that is currently being charged for similar loans. When the stated interest rate on a note receivable is lower than this prevailing rate, it implies that the note is less valuable than similar instruments in the market. In order to reflect the lower value of the note, it is recorded at its present value based on the prevailing rate of interest. This means that the future cash flows expected from the note, including both principal and interest payments, are discounted back to their present value using the prevailing rate of interest. The difference between the face value of the note and its present value represents a discount, which is then amortized over the life of the note as interest income. By recording the note at present value, the financial statements provide a more accurate representation of the value of the asset to the company.

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What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?

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That the answer what I just sent
What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?

Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.

What is elasticity?

In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.

Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.

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What do taxes pay for? a. Schools, government departments, roads, and emergency services
b. Privately-owned businesses
c.Operation of financial institutions
d. None of the above​

Answers

A

Because thats what the government gets in order to pay for everything we have that is for the Public

Taxes are payed for the development of schools, government departments, roads and emergency services. They are payed by the citizens of a country.

What are taxes ?

A tax is defined as payments or charge of money on the tax payers. They are the levy imposed by the government on its citizens to fund development projects and government schemes for its people.

Why are taxes paid ?

It is the main source of revenue for the government.

The money collected is spent to maintain and develop public infrastructure and fund public services through welfare programs.

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What do taxes pay for? a. Schools, government departments, roads, and emergency servicesb. Privately-owned

The basic logic behind using _____ is that a company can shield itself from the adverse effects of business cycles, unexpected competition, and other economic fluctuations.

Answers

The basic logic behind using diversification is that a company can shield itself from the adverse effects of business cycles, unexpected competition, and other economic fluctuations.

Diversification involves spreading investments across different industries, markets, and asset classes. By doing so, a company reduces its exposure to risks associated with any single investment or sector.

To implement diversification, a company can allocate its resources to various products, services, or geographical locations. This strategy allows the company to benefit from the performance of multiple sectors or markets, rather than relying on the success of just one. If one sector or market experiences a downturn, the company can potentially offset the losses with gains from other areas.

Additionally, diversification can help a company capitalize on new opportunities. By exploring different industries or markets, a company can discover untapped customer segments or emerging trends. This adaptability can be crucial in the face of unexpected competition or changing economic conditions.

In summary, diversification is a strategic approach that helps companies protect themselves from economic fluctuations and maximize their potential for growth by spreading investments across different areas.

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True or false: a manager's self-appraisal is the most accurate source of information regarding leadership strengths and weaknesses

Answers

False. A more reliable or accurate source of information or appraisal about one's strengths or weaknesses in one that comprises ratings from different people.

What is Self-Appraisal?

This simply is the act of evaluating one's own performance, abilities, results,  progress, or achievements in relation to an agreed or established standard.

Blind spots usually create limits to which one can achieve an objective and accurate self-appraisal.

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deposit claims with a face value of $100,000 or more that pay a fixed interest rate and have a fixed maturity of at least 14 days are called

Answers

The deposit claims are known as negotiable certificates of deposit

A bank certificate of deposit (CD) is a secured type of time-bound deposit and a unique type of low-risk savings account where money is kept with the bank for a set amount of time in exchange for a higher interest rate. Because the banks invest the money in a business, it typically offers its holder a better interest rate than a standard savings account.

A negotiable certificate of deposit is a form of a certificate of deposit with a minimum face or par value of $100,000 that cannot be redeemed before its maturity date, preventing the holder from taking money out of the account before that time. Thus, a negotiable certificate of deposit is an interest-bearing time deposit issued by a bank that is marketable and has a predetermined maturity date as well as a specified interest rate.

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Advertising Age annually compiles a list of the 100 companies that spend the most on advertising. Consumer-goods company Procter & Gamble has often topped the list, spending billions of dollars annually (Advertising Age website, March 12, 2013). Con- sider the data found in the DATAfile named Advertising. It contains annual advertising expenditures for a sample of 20 companies in the automotive sector and 20 companies in the department store sector. What is the mean advertising spent for each sector? What is the standard deviation for each sector? What is the range of advertising spent for each sector? What is the interquartile range for each sector? Based on this sample and your answers to parts (a) to (d), comment on any differences in the advertising spending in the automotive companies versus the department store companies.

Answers

Using the appropriate statistical relationship, the mean, range and Interquartile range for the advertisement spending of the two companies are worked out below.

Automotive:

598, 1512, 1573, 1642, 1714, 1720, 1781, 1798, 1813, 2008, 2014, 2024, 2058, 2166, 2202, 2254, 2366, 2526, 2531, 2901

Department :

448, 472, 474, 573, 589, 597, 598, 622, 629, 669, 706, 714, 746, 760, 782, 824, 840, 856, 947, 1011

Recall :

Sample mean = ΣX/n

n = sample size

1.)

Mean for Automotive = 39201 / 20 = 1960.05

Mean for Department = 13857 / 20 = 692.85

2.)

Range = Maximum - Minimum

Range for Automotive = 2901 - 598 = 2303

Range for Department = 1011 - 448 = 563

3.)

Interquartile Range = Upper - Lower quartile

Automotive :

Upper quartile(Q3) = 0.75(21) = 15.75th term = 2228

Lower quartile (Q1) = 0.25(21) = 5.25th term = 1717

Interquartile Range = 2228 - 1717 = 511

Department :

Upper quartile(Q3) = 0.75(21) = 15.75th term = 803

Lower quartile (Q1) = 0.25(21) = 5.25th term = 593

Interquartile Range = 893 - 593 = 210

4.)

Comparing the spread of the spending between the companies, the average spending by the Automotive company is higher with a greater level of spread.

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Drag the tiles to the correct boxes to complete the pairs. Match the various ways of disposal of business assets to their respective descriptions. like-kind exchange sale abandonment debt repayment Chez Ltd. Has a warehouse, which has remained unused for a long period of time. arrowRight Delphi Ltd. hands over the ownership of its manufacturing unit to its lender. arrowRight Able Ltd. disposes of its assets as its depreciated value is less than its sale price. arrowRight Able Ltd. has a plant,which it does not use. It gives it to Delphi Ltd. Delphi Ltd. on the other hand, hands over the ownership of its office premises to Able Ltd. arrowRight

Answers

The types of disposal of business assets when matched to their descriptions are:

Like-Kind exchange:

Able Ltd. has a plant,which it does not use. It gives it to Delphi Ltd. Delphi Ltd. on the other hand, hands over the ownership of its office premises to Able Ltd.

Sale:

Able Ltd. disposes of its assets as its depreciated value is less than its sale price.

Abandonment:

Chez Ltd. has a warehouse, which has remained unused for a long period of time.

Debt repayment:

Delphi Ltd. hands over the ownership of its manufacturing unit to its lender.

What are some types of disposal of business assets?

One way to dispose of business assets is abandonment. Here, the company simply stops using the asset in question for a long period of time like Chez Ltd. did when they left their warehouse unused.

There is also debt repayment where the business asset is given up as a way of paying off debt to a lender. Like-Kind exchange occurs when a business gives up an asset to another company and gets a similar asset from the other company such as office premises.

There is also a sale which is where a company sells off its assets at the depreciated value which will often be less than the purchase price.

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THIS IS URGENT- How did Jeff bezos change the economy when he created Amazon (I need when he first created it up to now!)

Answers

Jeff Bezos when he created Amazon had a tremendous impact in the economy as he created jobs more than any other company had created before and also helped in achieving price stability.

What is Amazon?

Digital streaming, cloud computing, online advertising, and artificial intelligence are the main areas of interest for the American multinational technology business Amazon.com. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe." Along with Alphabet, Apple, Microsoft, and Meta, it is one of the Big Five American technological firms. On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It began as an online book store but has since grown to include many more product categories.

Hence, Amazon contributed to the economy in terms of sales, price stability and creation of jobs and also providing a alternate option for marketplace in a economy.

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short explanation only

a. What is Hospitality Industry?

b. what is market segmentation?

c. how to get more consumers/customers?

d. how do you think the tourism and hospitality industry move for it to bounce back?

Answers

The hospitality industry encompasses businesses that provide services to customers. Market segmentation helps businesses understand their customers and tailor their offerings.

To attract more consumers, businesses can improve quality, invest in marketing, offer competitive prices, and provide exceptional customer service.

a. The hospitality industry refers to the sector of the economy that provides services to guests or customers. It includes businesses such as hotels, restaurants, resorts, airlines, cruise lines, and tourism agencies. These businesses aim to create a welcoming and enjoyable experience for their customers by offering accommodation, food and beverage services, transportation, and entertainment. The industry plays a crucial role in promoting tourism and generating economic growth.

b. Market segmentation is the process of dividing a target market into distinct groups of consumers based on specific characteristics such as demographics, psychographics, behavior, or needs. By segmenting the market, businesses can better understand their customers and create marketing strategies that effectively target each segment. For example, a hotel may segment its market based on factors such as age, income level, travel preferences, or purpose of travel. This helps the hotel tailor its services and promotional efforts to meet the specific needs and preferences of each segment.

c. There are several ways to attract more consumers or customers. One effective strategy is to improve the quality of products or services offered. By consistently providing excellent experiences, businesses can build a positive reputation and attract new customers through word-of-mouth recommendations. Additionally, businesses can invest in marketing and advertising campaigns to increase brand awareness and reach a wider audience. Offering competitive prices, implementing loyalty programs, and providing exceptional customer service are also effective ways to attract and retain customers.

d. The tourism and hospitality industry can bounce back by adapting to changing circumstances and implementing innovative strategies. For example, businesses can focus on enhancing health and safety protocols to reassure customers and regain their trust. They can also leverage technology to offer contactless services, such as mobile check-ins and digital menus. Collaborating with local communities and government organizations can help promote tourism and generate interest in the destination. Additionally, offering unique experiences and personalized services can attract tourists who are seeking memorable and tailored experiences. By continuously monitoring and responding to market trends, the industry can identify opportunities for growth and recovery.

In summary, the hospitality industry encompasses businesses that provide services to customers. Market segmentation helps businesses understand their customers and tailor their offerings. To attract more consumers, businesses can improve quality, invest in marketing, offer competitive prices, and provide exceptional customer service.

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Why is it important to know that a market economy is characterized by interdependence?

Answers

Answer:

Interdependence is important because people specialize and trade their production in markets for other products they need. The circular flow of income shows the interdependence of the economy.

Explanation:

Trust me this is right.

some one prove my answer 9x/7-10=48x/7+14​

Answers

9x/7 - 10 = 48x/7 + 14

=> 9x/7 = 48x/7 + 14 + 10

=> 9x/7 = 48x/7 + 24

=> 9x/7 - 48x/7 = 24

=> -39/7 = 24

Not proved!!!

A set rate of pay for hours worked is called: Equity Salary Commission Hourly Story​

Answers

Answer:

hope this helps u ; )

Explanation:

Pay equity includes issues relating to the fairness of compensation paid by employers to individuals or groups of employees. To effectively recruit and retain employees, an organization must have internal equity, where employees feel they are being rewarded fairly based on performance, skills, and other job requirements. Organizations must also ensure external compensation equity with employers competing for talent in the same labor market. Understanding the legal obligations regarding pay equity allows HR professionals to evaluate the lawfulness of their organization's pay practices and identify necessary corrective action.

Pay equity raises serious legal questions for organizations and HR professionals. This article discusses a number of laws related to pay discrimination:

The Equal Pay Act (EPA).Title VII of the 1964 Civil Rights Act.The Age Discrimination in Employment Act (ADEA).The Americans with Disabilities Act (ADA).The Lilly Ledbetter Fair Pay Act of 2007 (Ledbetter Act

an analyst has gathered the following information about a company income statement for the year 2004 sales $1,500 expenses cogs $1,300 depreciation 30 lnt expenses 40 total expenses 1,370 income from cont op 130 gain on sale 30 income before tax 160 income tax 64 net income $96 additional information: dividends paid $30 common stock sold 20 equipment purchased 50 bonds issued 80 fixed asset sold for (original cost of $100 with accumulated depreciation of $70) 60 accounts receivable decreased by 30 inventory decreased by 20 accounts payable increased by 20 wages payable decreased by 10 what is the cash flow from operations?

Answers

The balance sheet and income statement of a corporation have provided the financial analyst with the following data.

Which of the subsequent financial statements also goes by the name "financial condition Mcq"?

The balance sheet, also known as the statement of financial position, includes a dollar amount breakdown of the stockholders' equity as well as the company's assets, liabilities, and equity as of a particular point in time.

According to schedule iii mcq, in what format should financial statements be prepared?

Just a vertical display of financial statements is required by Schedule III. So, a corporation will no longer have the choice to provide financial statements in a horizontal format.

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Explain the types of accounts ​

Answers

Answer:

Hi there!

For accounting treatment , accounts are broadly classified into three types as personal account , real account and nominal account or fictitious account. They are as follows:

Personal account

The account which is related with a person or organization ( entity ), is termed as personal account. Here person means natural persons like Anna , Olivia , James etc and organization represents the artificial persons created by law. The rule for debit and credit for personal accounts is ;

Debit : The receiver

Credit : The giver

Real account

The account which is related with assets or property is known as real account. Land and building , plant and machinery, and furniture and fixtures are the examples of the real account. Properties or assets are either incoming or outgoing from the organization. The rule for real account is ;

Debit : What comes in

Credit : What goes out

Nominal account

The account which is related to expenses or loss and income or gain is known as nominal account. Rent , wages , salary , discount , interest and commission are the examples of nominal account. The rule of nominal account is;

Debit : the expenses or losses

Credit : the income or gains

Hope this helps..

Best regards!!

Explanation:

3 Different types of accounts in accounting are Real, Personal, and Nominal Account. Real account is then classified into two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative, and Artificial.

PERSONAL ACCOUNT:

These accounts types are related to persons. These persons may be natural persons like Tom’s account, Sam’s account, etc.

These persons can also be artificial persons like partnership firms, companies, bodies corporate, an association of persons, etc.

There can be personal representative accounts as well.

Rule for this Account

Debit the receiver.  Credit the Giver.

REAL ACCOUNT:

These account types are related to assets or properties. They are further classified as Tangible real account and Intangible real accounts.

1.Tangible Real Accounts

These include assets that have a physical existence and can be touched. For example – Building A/c, cash A/c, stationery A/c, inventory A/c, etc.

2.Intangible Real Accounts

These assets do not have any physical existence and cannot be touched. However, these can be measured in terms of money and have value. For Example  – Goodwill, Patent, Copyright, Trademark, etc.

Real Account Rules

Debit what comes into the business. Credit what goes out of business.

NOMINAL ACCOUNT:

These accounts types are related to income or gains and expenses or losses. For example: – Rent A/c, commission received A/c, salary A/c, wages A/c, conveyance A/c, etc.

Rules

Debit all the expenses and losses of the business. Credit the incomes and gains of business.

There are some other accounts in accounting as well:

Cash Account – This account is used for keeping the records of payments done by cash, withdrawals, and deposits.

Income Account – The Purpose of this account is to keep the record of the income sources of business.

Expense Account – This account tracks the expenditure of the business.

Liabilities – If there is any debt or loan then that amount comes under liabilities.

Equities –  If there is an investment of the account owner or common stocks, retained earnings then these will fall under equities.

the basic truth that underlies the study of economics

Answers

Our concept of economics is based on this unwavering truth: it is the social science that studies the effective use of limited resources to satisfy economic needs to the fullest extent possible.

What is the basic concept of economic?

Economics tries to explain how and why we make the decisions we do in terms of purchases at the most fundamental level. Scarcity, supply and demand, costs and benefits, and incentives are four fundamental economic ideas that can be used to assist explain a variety of human decisions.

What is the basic economic problem?

Humans have limitless desires, yet there aren't enough resources to satisfy those desires with goods and services. This is known as the Fundamental/Basic Economic Problem. As a result of scarcity, the economy faces a fundamental challenge: how to allocate finite resources to satisfy everyone's endless demands and wants.

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A card issued by a bank that allows users to finance
a purchase.
Credit card
Debit card

Answers

Answer: Credit Card

Explanation:

Debit cards allow you to spend money by drawing on funds you’ve deposited at the bank.

Credit cards allow you to borrow money from the card issuer up to a certain limit in order to buy items or withdraw cash.

I hope this helps!

According to classical theory, national income depends on ______, while keynes proposed that ______ determined the level of national income.

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In a closed economy, the Keynesian-cross analysis's equilibrium condition is that income must equal the total of government spending, investment, and consumption.

Interest rates in the economy are impacted by monetary policy changes. Interest rate changes have an impact on inflation and economic activity. Unexpected inventory investments are bad. When businesses encounter unanticipated inventory accumulation, they typically: cut production and lay off employees keynes. According to the government-purchases multiplier, there will be a change of $1 in government purchases, plus any further changes. When the Fed modifies its monetary policy, the aggregate demand curve may be shifted. The money supply curve moves to the right as the money supply rises. The interest rate decreases in the absence of a shift in the money demand curve. Demand for products and services rises when interest rates decline. According to the Keynesian model, the change in output has no impact on export. Either a change in the income of the rest of the world or a change in the exchange rate has an impact on export. The economy will be in balance when the aggregate expenditure line reaches the 45-degree line. It is the only location along the aggregate expenditure line where total spending on aggregate demand and total production are equal. Interest rates and the amount of money in circulation are inversely related. A bigger money supply results in lower market interest rates, which reduces the cost of borrowing for consumers. In contrast, lower money supply tends to result in higher market interest rates, increasing the cost of borrowing for consumers income.

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pepper department store allocates its service department expenses to its various operating (sales) departments. the following data is available for its service departments: expensebasis for allocation amount rentsquare feet of floor space $36,000 advertisingamount of dollar sales $54,000 administrativenumber of employees $81,000 the following information is available for its three operating (sales) departments: department square feet dollar sales number of employees a 4,200 $316,000 18 b 4,600 $336,000 20 c 4,800 $468,000 22 totals 13,600 $1,120,000 60 what is the total advertising expense allocated to department b?

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The total advertising expense allocated to Department B is $16,200.

To calculate the total advertising expense allocated to Department B, we need to find the proportion of dollar sales for Department B and then apply this proportion to the total advertising budget.

Department B's dollar sales: $336,000
Total dollar sales (all departments): $1,120,000

Proportion of dollar sales for Department B = (Department B's dollar sales) / (Total dollar sales)
Proportion = $336,000 / $1,120,000 = 0.3

Total advertising budget: $54,000

Advertising expense allocated to Department B = (Proportion of dollar sales for Department B) × (Total advertising budget)
Advertising expense = 0.3 × $54,000 = $16,200

Hence, The total advertising expense allocated to Department B is $16,200.

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What can a boosted post help an advertiser achieve?

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A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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