BUSINESS HIGH SCHOOL

On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone company. the equipment had a retail value of $23,000 on that day. on august 10, carrone company offered to sell the equipment for $14,700, and harvey company agreed to buy it at that price. at what value will harvey company record the equipment on the books?

Answers

Answer 1
Answer:

Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

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Capital investment includes the purchase of
____ individuals bear a greater burden with this type of tax.A.)High-income B.)Low-Income
How much of the federal government's income comes from individual income tax? (1 point)17 percent 27 percent 47 percent 77 percent
Why does Narveson not think that when we let someone else starve to death that we are guilty of causing them to die?
Which type of risk is most likely to be insurable? A. Pure risk B. Speculative risk C. Equity risk D. Investment risk

Which of the following economic systems primarily relies on prices for allocating resources and goods?A) Free-market
B) Traditional
C) Command
D) Mixed
E) Socialism

Answers

Answer:

A) Free-market

Explanation:

The free-market economic system primarily relies on prices for allocating resources and goods. In a free-market system, individuals and businesses are free to make their own economic decisions, and prices are determined by the interaction of supply and demand in the market. This price mechanism serves as a signal for resource allocation, as prices adjust according to the scarcity or abundance of resources and goods. As a result, resources are allocated based on consumer preferences and the willingness to pay, leading to a decentralized and efficient allocation of resources.

Final answer:

Free-market economic systems primarily rely on prices to allocate resources and goods, using the forces of supply and demand to signal and guide producers and consumers.

Explanation:

The economic system that primarily relies on prices for allocating resources and goods is the Free-market system. In this system, prices are determined by the forces of supply and demand, without any government intervention. These prices, in turn, guide producers to allocate resources efficiently, and they also signal consumers about the cost and value of goods and services. An example of a country that predominantly uses the free-market system is the United States, although it also includes certain mixed economy elements.

Learn more about Free-market economic system

Which action will be least helpful if you've been the victim of identity theft

Answers

The action that will be the least helpful if you've been the victim of identity theft is : Withdraw your money from all account.

You should report it to the law enforcement instead. Withdrawing all of your money from all account which make it even harder to catch the thief since you got no bait left

The action that appeared to be the least helpful if you’ve been the victim of identity theft is ordering your latest credit report.

If you’ve been a victim of identity theft, then it is incumbent on you to report or contact one of the credit reporting companies and officially place a fraud alert on your credit report.

Further Explanation

Identity theft is when an individual deliberately steals your information and make use of such information without your consent or permission. Identity theft has become a big business for fraudsters in the United States.  

In 2016, 15.4 million Americans were a victim of theft. Also one of the tops complains of consumers to the Federal trade commission is Identity theft.  

Identity theft can happen to an anyone regardless of how careful you are. However, there are major steps you can take if you are a victim of identity theft.

Some of the ways you can assist to stop an identity thief to further commit fraud using your details include

  • Contact the credit report company and place a fraud alert
  • Place a security block on your credit report
  • Contact the banks and companies where the fraud was committed.
  • Contact the IRS in case of Tax-related ID theft
  • Clean up all your account
  • Report any case regarding identity theft to the Federal trade commission (FTC)

LEARN MORE:

KEYWORDS:

  • victim
  • identity theft
  • fraud
  • companies
  • account
  • irs

Making a profit by lending money is ____________.a. capital
c. usury
b. barter
d. manufacturing
In a market economy, land, labor, as well as capital, are controlled by the ___________________.
a. individual
c. bank
b. government
d. church

Answers

The right answer for the question that is being asked and shown above is that: "d. manufacturing." Making a profit by lending money is d. manufacturing 

The right answer for the question that is being asked and shown above is that: "a. individual" In a market economy, land, labor, as well as capital, are controlled by the a. individual

Buying stocks or starting your own company are examples of what type of investment?A.Income investments
B.Bond investments
C.Debt investments
D.Equity investments

Answers

Buying stocks or starting your own company are examples of equity investments.

Equity investments are those investments based on individual ownership and or individual risk. In real estate, this term is often called "sweat equity" because you physically sweat to create the equity.
I believe the correct answer is B

What is a Job?1. Work that you do for pay
2. refers to any useful activity.
3. Series of related jobs or occupations.
4. A career of jobs.

Answers

Work that you do for pay.
1.Work that you do for pay.

"select all that apply When speaking professionally you should:speak clearly
be aware of pace
use a strong voice
sound important"

Answers

the correct answers are A, B, D

The correct answers are:

Speak Clearly

Use a Strong Voice

Be Aware of Pace
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The allowance for doubtful accounts is adjustedA.) at the end of each accounting period B.) each time a customers debt is satisfied C.) within one year of granting credit to a customer D.) each time a customer is granted credit
There were several reasons why the South was especially suited to produce cotton on a large scale. According to the course materials, which of the following was the most important factor?