BUSINESS HIGH SCHOOL

The chart of accounts includes assets, liabilities, and owner's equity accounts only. TRUE or FALSE.

Answers

Answer 1
Answer: The right answer for the question that is being asked and shown above is that: "TRUE." The chart of accounts includes assets, liabilities, and owner's equity accounts only. This statement is true as far as the chart of accounts is concerned.

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is it a?please can someone help me?

Answers

Yea, I agree, I think the answer is A.

In case of an emergency, you should have money saved to cover expenses for at least _____.

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In case of an emergency, you should have money saved to cover expenses for at least 3 months because you never know when are you going to get injured really bad

Why is it important to know the interest rate on your credit card?The higher the interest rate, the more money you will be paying back
The higher the interest rate, the less money you will be paying back
The lower the interest rate, the more credit you can open
The lower the interest rate, the more money you can spend

Answers

Answer: The higher the interest rate, the more money you will be paying back

Explanation:

It is important to know the interest rate on your credit card, that way you know how much you are capable of paying back without losing by working harder to repay the interest capped on your credit card. Hence, with low interest rate the tendency of paying back is faster.

It is important to know the interest rate on your credit card because the higher the interest rate, the more money you will be paying back. The Option A.

Why does knowing the interest rate on your credit card matter?

Understanding the interest rate on your credit card is crucial because it directly impacts the cost of borrowing. The interest rate represents the percentage of the outstanding balance that you'll be charged as interest over time.

When the interest rate is higher, it means that a larger portion of your payments will go towards interest rather than paying down the principal amount. This leads to a longer repayment period and higher overall costs. By knowing the interest rate, you can make informed decisions about your credit card usage, budget more effectively.

Read more about interest rate

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A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and salaries, $15,000 for utilities, $150,000 for materials and supplies, and $5000 for gasoline. She uses her own car in her work, for which she paid $16,000 two years earlier. She could rent the car for $5,000 a year. Explicit costs area. $195,000
b. $275,000
c. $270,000
d. $286,000

Answers

Explicit costs are business expenses that are easily identifiable and can be accounted for.

1) Wages and salaries = 100,000
2) Utilities expenses = 15,000
3) Materials and Supplies = 150,000
4) Gasoline expense = 5,000

100,000 + 15,000 + 150,000 + 5,000 = 270,000 answer is C.

Many businesses find blogging a valuable tool for communicating with employees, customers, and the larger public. Knowing how to craft effective blog posts will equip you to reach a large audience and develop strong communities within and outside your company. For what purposes do companies use blogs? Check all that apply. Viral marketing
Crisis communication
Collaborative meetings

Answers

Answer:

Collaborative meetings

Explanation:

  • A blog is a discussion of the informational website that is published on a world wide web. And the post is one is reverse chronological order. As the blogs are complementary to a particular target or topic ranging from sports to politics.
  • A typical business blog consists of valuable tools like the online personal diaries, that help in communicating with the employees, customers, and the larger public.  
  • It mostly suited the editing purposes and the collaboration within groups. Some blogs are used for ads like the marketing of a product for promotional purposes.

What happens in one sector of the economy often affects other sectors of the economy?

Answers

I believe that this is a true or false question. In my opinion, the answer would be true. Sine when one sector changes the whole economy would be affected and all sectors are affected as well. Hope this answers the question. Have a nice day.
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