The manager made a wise decision to increase the price of large popcorn because the product has an elastic demand.
The relationship between price elasticity of demand and total revenues is an essential component that all managers need to understand before making decisions. The price elasticity of demand is the degree to which demand for a product or service changes when its price changes.
If demand changes significantly with price changes, the product is said to have high price elasticity of demand, and if demand changes only slightly, it is said to have low price elasticity of demand. Total revenue is the amount of money received from the sales of a product or service. Ruby Red Movie Theater wants to increase total revenue. The manager made two changes to prices to increase total revenue.
The decision to decrease the price of large drinks was not appropriate to increase total revenue because it has a low price elasticity of demand. The price elasticity of demand for a product determines the changes in demand for the product with a price change. If the demand is elastic, a small price decrease results in a significant increase in the quantity sold. Inelastic demand means that the change in price has little effect on the quantity sold. Inelastic demand products should increase their prices, while elastic demand products should decrease their prices.
For a product with low price elasticity of demand, such as a large drink, a price decrease may lead to a small increase in sales, but it will not increase total revenue. The decision to increase the price of large popcorn was appropriate to increase total revenue because it has a high price elasticity of demand. The decision to increase the price of large popcorn was appropriate because it would result in an increase in total revenue.
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Please type a 1 page double space paper on What Leadership means to you?
Things you can include:
Qualities of a good leader
An example of a good leader and how
What does it mean to you
How is being a leader important
Plz hurry up
Answer:
being a leader is important
Explanation:
being a leader is important because when people see that your a leader its so they can onder stand whats going on they need to see the inside of you
A trial balance may balance even when each of the following occurs except whena. a journal entry is posted twice.b. a transposition error is made.c. a transaction is not journalized.d. incorrect accounts are used in journalizing.
A trial balance may balance even when each of the four mentioned occurrences occurs. However, it is important to note that these occurrences can still lead to errors in the financial statements.
A trial balance is simply a list of all the accounts in the general ledger and their balances. The purpose of the trial balance is to ensure that the total debit balances equal the total credit balances. If the trial balance balances, it means that the total debits and credits are equal.
However, this does not guarantee that there are no errors in the financial statements. For example, if a journal entry is posted twice, it will result in an incorrect balance for that account, but it will still balance with its corresponding account. Similarly, if a transposition error is made (e.g. a number is recorded as 245 instead of 254), the trial balance may still balance if the corresponding account has an opposite error.
In the case of a transaction not being journalized, it means that the corresponding account will not have a balance in the trial balance, but this will not affect the overall balance of the trial balance.
Finally, incorrect accounts being used in journalizing can also result in a balanced trial balance, but this will lead to errors in the financial statements. For example, if a sale is recorded in an expense account instead of a revenue account, it will result in a lower net income, but the trial balance may still balance if the corresponding expense account has a corresponding credit entry.
In conclusion, while a balanced trial balance is a good indication that the accounts have been properly recorded and totaled, it does not guarantee that there are no errors in the financial statements.
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"Development has a negative impact on our environment" Motivate why you agree with the
statement
[8]
industrial lead to water pollution
the __________ consists of the heads (the secretaries) of the executive departments together with other top officials accorded similar rank.
The Cabinet consists of the heads (the secretaries) of the executive departments together with other top officials accorded similar ranks.
A Cabinet is a group of high-ranking government officials, usually composed of the heads of government departments or ministries. They are sometimes referred to as ministers, secretaries, or (in some cases) state counselors. Cabinets are usually established by the executive branch of the government and are responsible for implementing and enforcing government policies and laws. In the United States, the Cabinet is an advisory body composed of the heads of the executive departments and other high-ranking officials chosen by the President. The Cabinet serves as the President's chief advisor and is responsible for managing and executing various government programs and policies.
In conclusion, the Cabinet is a critical component of many governments worldwide, and its members play an essential role in shaping government policies and laws. It's a group of high-ranking officials chosen by the President to help manage and execute government programs and policies.
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Who sets the price in a monopolistic competition?
Producers and consumers
Consumers only
Government
Producers only
Answer:
Consumers and producers
Explanation:
so A on edg 2021
The Producers and consumers set the price in a monopolistic competition.
What is a monopolistic competition?This is a competition that occurs in the market place due to the fact that there are a lot of firms offering similar products that are not identical.
In this type of market the price setting is done by those that consume the products and the product makers.
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Do you like Mr.Beast why or why not.
Answer:
yes i do
Explanation:
Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.
Answer:
Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.
If you pay the balance of your credit card bill before the due date, how much do you pay?
A. The full amount that you owe
B. The full amount you owe, plus a service fee
C. The full amount you owe, plus interest for the past month
D. The minimum payment on your bill
Answer:
If you pay the balance of your credit card bill before the due date, you would pay the minimum payment on your bill.
Explanation:
The benefits of paying your bill in the middle of the statement period include freeing up your line of credit and helping reduce the amount of interest you may pay. Paying your credit card bill in full before the statement closes means you shouldn't have to pay any interest, unless you have been paying down a balance over several months. Most credit card issuers give you a grace period during which you're not liable for paying interest, provided you pay your account in-full before the statement due date. If you pay your balance before the statement closes, you'll see a "payments" line on your statement, reflecting the amount that's been subtracted from your statement balance. Paying your credit card bill early frees up credit on your account - paying your balance in full causes your credit card limit to reset. When you make a credit card payment, the amount of your payment is automatically added back to your credit line, which can be especially useful helpful if you're getting close to maxing out your credit limit.
1.What is a business transaction?
Answer:
A business transaction is an event involving an interchange of goods, money or services between two or more parties.
Explanation:
A business transaction is an event involving an interchange of goods, money or services between two or more parties. The business transacted can be between two parties engaged in business and conducting the transaction for their mutual benefits, or between a business entity, like a retail shop, and a customer.
This statement applies to questions 3-5. A purely competitive firm has a single variable input L (labor), and the wage rate per period is W 0
. Its fixed inputs cost the firm a total of F dollars per period, and the price of the product it sells is p 0
Which of the following represent the production function and the revenue function of this firm? Note: Q= quantity, R= revenue and f is a generic function. Q=L and R=p 0
L
Q=L+F and R=Q−F
Q=f(L) and R=p 0
f(L)−w 0
L
Q=f(L) and R=p 0
f(L)
Which of the following represent the cost function and the profit function of this firm? Note: C=cost,π= profit and f is a generic function. C=w 0
L and π=p 0
f(L)−w 0
L
C=w 0
L+F and π=p 0
f(L)−w 0
L−F
C=L+F and π=f(L)−F
C=w 0
L+F and π=p 0
f(L)−w 0
L
Question 5 What is the first order condition for profit maximization? p 0
dL
df
+w 0
=0
dL
df
=w 0
p 0
dL
df
=w 0
p 0
dL
df
=0
The production function is Q=f(L) and the revenue function is R=p0f(L). The cost function is C=w0L+F and the profit function is π=R-C.
In a purely competitive firm with a single variable input (labor) and fixed inputs, the production function represents the relationship between quantity (Q) and labor (L), given as Q=f(L). The revenue function indicates the relationship between revenue (R) and quantity, which is R=p0f(L), where p0 is the price of the product. The cost function represents the relationship between cost (C) and labor, given as C=w0L+F, where w0 is the wage rate per period and F represents fixed costs. The profit function is defined as the difference between revenue and cost, thus π=R-C.
For-profit maximization, the first-order condition states that the derivative of the profit function with respect to labor (dL) should equal zero. So, the correct first-order condition for profit maximization is dLdf=w0p0. This condition ensures that the firm maximizes its profit by equating the marginal revenue product of labor (dLdf) with the wage rate (w0).
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Sarah just bought a new high end luxury car for $90,000. When she drove the car off the lot, she experienced a high level of anxiety about whether she has made the right purchase decision. Sarah experienced:
Sarah experienced buyer's remorse, which is a common feeling of anxiety or regret that can occur after making a major purchase, especially for high-end luxury items like a car.
It's normal to question whether the decision was the right one and whether the item was worth the cost. However, with time and enjoyment of the car, Sarah may find that her anxiety fades and she can fully appreciate her new purchase.
Sarah just bought a new high-end luxury car for $90,000 and experienced a high level of anxiety about whether she made the right purchase decision. Sarah experienced post-purchase dissonance, which is a feeling of regret or doubt that may arise after making a significant purchase. This is common when the buyer is unsure if they made the best decision, especially in the case of expensive items like luxury cars.
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Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
Discuss what a small business owner should consider when deciding upon the location for their business
Answer:
depending on the place you can consider the number of people who go to it and on that side, the fame it would have for its service, and greater economic progress.
Explanation:
Simple Simon's Bakery purchases supplies on terms of 1.8 divided by 10 comma net 301.8/10, net 30. If Simple Simon's chooses to take the discount offered, it must obtain a bank loan to meet its short-term financing needs. A local bank has quoted Simple Simon's owner an interest rate of 10.7 %10.7% on borrowed funds. Should Simple Simon's enter the loan agreement with the bank and begin taking the discount?
Answer and Explanation:
The computation is shown below;
Here we have to determine the impact of not considering the discount
effective cost of not considering discount is
= ((1 + (r ÷ (1 - r))^(365 ÷ (due date - discount period)) - 1
= ((1 + (0.019 ÷ (1 - 0.019)))^(365 ÷ (30-10)))-1
= 39.30%
Since effective cost of not considering discount is more than the interest rate so the simon should entered into the loan agreement
on january 1, 2021, the general ledger of grand finale fireworks includes the following account balances: accounts debit credit cash $ 42,700 accounts receivable 44,500 supplies 7,500 equipment 64,000 accumulated depreciation $ 9,000 accounts payable 14,600 common stock, $1 par value 10,000 additional paid-in capital 80,000 retained earnings 45,100 totals $ 158,700 $ 158,700 during january 2021, the following transactions occur: january 2 issue an additional 2,000 shares of $1 par value common stock for $40,000. january 9 provide services to customers on account, $14,300. january 10 purchase additional supplies on account, $4,900. january 12 purchase 1,000 shares of treasury stock for $18 per share. january 15 pay cash on accounts payable, $16,500. january 21 provide services to customers for cash, $49,100. january 22 receive cash on accounts receivable, $16,600. january 29 declare a cash dividend of $0.30 per share to all shares outstanding on january 29. the dividend is payable on february 15. (hint: grand finale fireworks had 10,000 shares outstanding on january 1, 2021, and dividends are not paid on treasury stock.) january 30 resell 600 shares of treasury stock for $20 per share. january 31 pay cash for salaries during january, $42,000. exercise 10-17 part 1 1. record each of the transactions listed above.
1. General Journal (FIFO perpetual inventory system):January
2:Debit Cash Account $40,000Credit Common Stock $2,000Credit Additional Paid-in Capital $38,000
To record the issue of 2,000 shares, $1 par value for $40,000.January
9:Debit Accounts Receivable $14,300Credit Service Revenue $14,300
To record services on account.January
10:Debit Supplies Account $4,900Credit Accounts Payable $4,900
To record supplies bought on account.January
12:Debit Treasury Stock $1,000Debit Additional Paid-in Capital $17,000Credit Cash Account $18,000To record 1,000 treasury stock repurchased for $18/share.January 15:Debit Accounts Payable $16,500Credit Cash Account $16,500To record payment on accounts payable.January 21:Debit Cash Account $49,100Credit Service Revenue $49,100To record services to customers for cash.January 22:Debit Cash Account $16,600Credit Accounts Receivable $16,600To record cash from accounts receivable.January 29:Debit Dividend Account $3,300Credit Dividend Payable $3,300To record dividend declared, $0.30/share.January 30:Debit Cash Account $12,000Credit Treasury Stock $600Credit Additional Paid-in Capital $11,400To record 600 treasury stock reissued for $20 per share.January 31:Debit Salaries Account $42,000Credit Cash Account $42,000To record January salaries paid.2. Adjusting Entries (General Journal):January 31:a) Debit Utilities Account $6,200Credit Accrued Utilities $6,200To record unpaid utilities for January.b) Debit Cost of Services $7,300Credit Supplies Account $7,300Being cost of servicesc) Debit Depreciation Expense $1,500Credit Accumulated Depreciation $1,500To depreciate equipment for January.d) Debit Income Tax Expense $2,000Credit Income Tax Payable $2,000To accrue income taxes for January.3. Trial Balance as at January 31, 2018 Debit CreditCash: $83,900($42,700+40,000-18,000-16,500+49,100+16,600+12,000-42,000)Accounts Receivable: $42,200($44,500 + 14,300 - 16,600)Supplies: $5,100($7,500 +4,900 - 5,100)Salaries $42,000Utilities $6,200Accrued Utilities $6,200Depreciation Expense $1,500Income Tax Expense $2,000Income Tax Payable $2,000Dividend $3,300Dividend Payable $3,300Cost of Service $7,300Service Revenue ($14,300 +49,100) $63,400Equipment: $64,000Accumulated Depreciation: ($9,000 + 1,500) $10,500Accounts Payable: $3,000($14,600 + 4,900 - 16,500)Common Stock, $1 par value (10,000 + 2,000) $12,000Treasury Stock, $1 par value $400Additional Paid-in Capital: $112,400($80,000 + 38,000 - 17,000 + 11,400)Retained Earnings: $45,100Total $257,900 $257,9004. Multiple-step Income Statement for the period ended January 31, 2018:Service Revenue $63,400Less Cost of Service $7,300Gross Profit $56,100Expenses:Salaries $42,000Utilities $6,200Depreciation $1,500 $49,700Income before taxes $6,400Income Taxes $2,000Income after taxes $4,400Retained Earnings b/f $45,100Dividend ($3,300)Retained Earnings c/f $46,2005. Classified Balance Sheet as at January 31, 2018:Current Assets:Cash $83,900Accounts Receivable $42,200Supplies $5,100 $131,200Equipment $64,000Accumulated Depreciation ($10,500) $53,500Total Assets $184,700Current Liabilities:Accounts Payable $3,000Accrued Utilities $6,200Income Taxes Payable $2,000Dividends Payable $3,300 $14,500Common Stock $12,000Treasury Stock ($400)Additional Paid-in Capital $112,400 Retained Earnings $46,200 $170,200Total Liabilities + Equity $184,7006. Closing Entries in the General Journal:a) Debit Income Statement $42,000Credit Salaries Account $42,000Transfer to the income statement.b) Debit Income Statement $6,200Credit Utilities Account $6,200Transfer to the income statement.c) Debit Income Statement $2,000Credit Income Taxes Expense $2,000Transfer to the income statement.d) Debit Retained Earnings $3,300Credit Dividends Account $3,300Transfer to the Retained Earnings Account.e) Debit Service Revenue $63,400Credit Income Statement $63,400Transfer to the income statement.f) Debit Income Statement $7,300Credit Cost of Service $7,300Transfer to the income statement.g) Debit Net Income $4,400Credit Retained Earnings $4,400Transfer of net income to Retained Earnings.
What is retained earning?
The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing. The total profits left over after a corporation pays dividends to its shareholders are known as retained earnings. These funds might be put back into the company by, say, buying new machinery or paying off debt.
Therefore,
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our company has a plan in place to upgrade each employee's laptop computer to a newer model every three years. as a result, you often have old laptop batteries.
Every three years, the company has a plan to replace each employee's laptop with a newer model. as a result, your laptop batteries are frequently outdated. Thus, recycling of the batteries is required.
What is the company?A group of people can get together to create a company, which is a legal body used to conduct and manage commercial or industrial business operations.The business lines of an organisation rely on its form, which might be a company, a partnership, or even a sole proprietorship.Either public or private companies can exist; the former distributes equity to shareholders on a stock exchange, whilst the latter is privately held and unregulated.A firm is typically set up to make money off of its operations.Companies have a significant role in the health of an economy by providing jobs and luring in disposable cash to fuel expansion.To know more about company, refer to the following link:
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in a business process group of answer choices hardware and software is involved information technology is used information systems is involved multiple steps are taken to achieve an outcome quizle
In a business process group of answer choices hardware and software is involved information technology is used information systems is involved multiple steps are taken to achieve an outcome, like:
Task support and automationInformation TechnologyInformation systemsHow does Hardware and Software impact business?They support the automation of processes, involving the speed of information flow, task fulfillment, networks and organizational decision-making.
Therefore, information technology helps in the development of speed and processing of large volumes of data and relevant information for decision-making, innovation and business efficiency.
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The wages of factory maintenance personnel would usually be considered to be: Indirect labor Manufacturing Overhead A. No Yes B. Yes No С. Yes Yes D. No No a. Option A b. Option B c. Option C d. Option D
Available choice C's "Manufacturing overhead cost" is the realistic solution. The term "manufacturing overhead" refers to the indirect expenses incurred by a corporation during its production process.
Do manufacturing overheads include indirect factory labor?
Manufacturing overhead, sometimes referred to as production overhead, factory overhead, or factory burden, is the collective term for all the supplemental expenses needed to run your firm. They could consist of: indirect labor, such as cleaning and maintenance staff
What are the components of indirect labor costs?
Wages paid to employees who carry out tasks that assist others in producing goods and rendering services are referred to as indirect labor costs. The cost of labor is the component that is not directly related to production.
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Christian is 33 years old, has been renting for the past five years, and is now thinking about purchasing a home by applying for a mortgage. Why is it important for him to check the information recorded on his credit report? Group of answer choices To confirm that his landlords' names are not on the report To verify the accuracy of his rental history To check the accuracy of his landlords' addresses To ensure that his roommates' names are on the report
Answer: To verify the accuracy of his rental history
Explanation:
Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.
He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.
car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured. this best illustrates which core principle?
car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured this best illustrates the core principle Risk requires compensation.
Typically, compensation refers to the economic price given to a person in trade for their offerings. In the place of the job, reimbursement is what's earned through employees. It consists of profits or wages similarly to fees and any incentives or perks that include the given worker's role. Repayment Definition. Compensation is the overall coins and non-coins bills which you give to a worker in alternative to the work they do for your business. It's commonly considered one of the largest expenses for organizations with employees. Compensation is greater than an employee's normal paid wages.
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Five years ago Tosev Inc. issued 30-year, $1,000 par value, semi-annual coupon bonds with a coupon rate of 9.10 percent. The bonds originally sold at a price of $1,010.32 per bond. Currently, those bonds have a market price of $1,118.15 per bond. The Chief Financial Officer of Tosev is currently considering issuing new bonds. These bonds will have a par value of $1,000, semi-annual coupon payments, a term of 25 years and a coupon rate of 8 percent. Due to differences in the legal provisions of the bonds, the Chief Financial Officer estimates that the yield to maturity on the new bonds will be one percent higher than the current yield to maturity on the old bonds. Based on the Chief Financial Officer's estimate, what would be the price per bond of the new bonds today?
A. $ 817.44
B. $ 896.67
C. $ 901.19
D. $1,000.00
E. $1,118.15
Which of the following statements is most correct?
A. If a bond's yield to maturity exceeds its annual coupon rate, then the bond will be trading at a premium.
B. If interest rates increase, the relative price change of a 10-year coupon bond will be greater than the relative price change of a 10-year zero coupon bond.
C. If a coupon bond is selling at par, its current yield equals its yield to maturity. (Hint: a bond's current yield equals annual coupon payment divided by current price).
D. Both a and c are correct.
E. None of the answers above is correct.
---------------------Explanation:
Vita Water purchased a used machine for $121,100 on January 2, 2020. It was repaired the next day at a cost of $8,750 and installed on a new platform that cost $1,750. The company predicted that the machine would be used for six years and would then have a $17,120 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired. Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation. Assume that cash was paid. View transaction fist Journal entry worksheet 2 3 > Record purchase of machine. Note: Enter debits before credits. Debit Date Jan 02, 2020 General Journal Credit Record entry Clear entry View general journal 2. Prepare entries to record depreciation on the machine on December 31 of its first year and on September 30 in the year of its disposal. (Round intermediate calculations to the nearest whole dollar) 3. Prepare entries to record the retirement of the machine under each of the following unrelated assumptions: a. It was sold for $18,000. View transaction list Journal entry worksheet < 1 Record the sale of machine for $18,000. Note: Enter debits before credits. General Journal Credit Date Sep 30, 2025 Clear entry View general journal Record entry b. It was sold for $25,000. View transaction list Journal entry worksheet 1 Record the sale of machine for $25,000. Debit c. It was destroyed in a fire and the insurance company paid $23,000 in full settlement of the loss claim. View transaction list Journal entry worksheet 1 Record the disposal of machine on full settlement by insurance company. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30, 2025 Clear entry View general journal Record entry
1. Journal entries:
a. Purchase of machine: Debit: Machine ($121,100), Credit: Cash ($121,100)
b. Repair cost: Debit: Machine Repair Expense ($8,750), Credit: Cash ($8,750)
c. Installation cost:
Debit: Machine Platform Cost ($1,750), Credit: Cash ($1,750)
2. Depreciation entries:
a. December 31, 2020: Debit: Depreciation Expense ($19,675), Credit: Accumulated Depreciation - Machine ($19,675)
b. September 30, 2025: Debit: Depreciation Expense ($25,564), Credit: Accumulated Depreciation - Machine ($25,564)
3a. Sale of machine for $18,000:
Debit: Cash ($18,000)
Debit: Loss on Disposal of Machine ($60,339)
Credit: Accumulated Depreciation - Machine ($101,120)
Credit: Machine ($179,459)
3b. Sale of machine for $25,000:
Debit: Cash ($25,000)
Debit: Gain on Disposal of Machine ($6,661)
Credit: Accumulated Depreciation - Machine ($125,000)
Credit: Machine ($156,661)
3c. Disposal of machine due to insurance settlement:
Debit: Cash ($23,000)
Credit: Accumulated Depreciation - Machine ($125,000)
Credit: Machine ($148,000)
The provided information includes various transactions related to the purchase, repair, depreciation, and disposal of a machine. The concise answers provide the necessary journal entries to record these transactions accurately. For each transaction, the accounts to be debited and credited are mentioned. These entries ensure that the financial records accurately reflect the effects of the transactions on the company's accounts. By following the given journal entries, the company can maintain proper documentation of its financial activities and prepare accurate financial statements.
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Review the statements below to determine the correct definition of a credit memorandum.
A. The bank notifies the depositor of each deduction to the account with a credit memorandum.
B. The bank notifies the depositor of each increase to the account with a credit memorandum.
C. Whenever the balance in the account becomes overdrawn, the bank issues a credit memorandum.
D. Whenever a check is drawn against the account, the bank issues a credit memorandum.
Answer:
Review the statements below to determine the correct definition of a credit memorandum.
A. The bank notifies the depositor of each deduction to the account with a credit memorandum.
xXxAnimexXx
Happy Labor day!
write a letter to your father asking for money to buy textbooks and pay for your school fees
Answer:
pay
Explanation:
Where total cost = 2040000
ATC is $17.00 per pound at a quantity of 120,000
pounds
price $20 per pound
Decision Point: Change in Technology (d) How much profit will you earn this year if the technology works as proposed and you have to pay \( \$ 200,000 \) to license the technology? Type values in the
The given information is:
The total cost is $2,040,000.
The ATC is $17.00 per pound at a quantity of 120,000 pounds.
The price is $20 per pound.
Decision Point: Change in Technology (d)
To calculate the profit, we need to find the total revenue first.
To find the total revenue:Total revenue = Price × QuantityTotal revenue
= $20 × 120000Total revenue
= $2400000Now,
we can find the profit by using the following formula:
Profit = Total revenue - Total costProfit
= $2400000 - $2040000
Profit = $360000
Therefore, the profit you will earn this year if the technology works as proposed and you have to pay $200,000 to license the technology is $360,000.
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Payroll deductions are the same for all employees.
Answer:
no it depends the age and how good u are at your job.
Explanation:
What is NOT a reason a new product might fail?
O Too little marketing support
O Unexpected consumer reaction
O Poor positioning
O Appropriate channels selected
Select the correct answer from each drop-down menu.
Fablan Inherited some money from his family and decided to open a hardware store on his own. He bought the entire Inventory on credit from
vendors with the promise of paying them later. He hoped to have good sales when he opened the store because there weren't any other
hardware stores in the area. However, he couldn't sell most of his stock because there did not seem to be any demand. He knew he wouldn't be
able to pay the creditors from the money the store made. What kind of ownership does Fablan have over his store? What kind of liability is
Fablan open to regarding the money owed to his creditors?
Fablan has
✓ over the store. He has
with respect to the money owed to his creditors.
Answer:
As Fabian opened his store and made a purchase in credit, this made the asset as current assets and they are mainly getting converted to current liabilities as because he is liable to pay for the products he purchased but was unable to sell those items.
Explanation:
There are many ways of making money, but when there is a way of earning money which is not predictable, then it becomes very difficult to make decisions and analyze for anything,
a) Graphically illustrate and carefully explain the impact of deadly labour unrest on the market for steel.
b) Graphically illustrate and briefly explain the impact of Eskom’s electricity buy-back programme on the market for commercial coke.
c) Graphically illustrate and explain the impact of Eskom’s electricity buy-back programme on the performance of Arcelor-Mittal.
d) Government is proposing to set up another firm to compete with Arcelor-Mittal. Show why this proposal may not be viable under the circumstances mentioned in the article.
e) Government officials say that the pricing of steel is no longer as big an issue now, the biggest constraint on growth is "erratic" electricity supply. Graphically illustrate and explain how an increase in steel prices can lead to an increase in electricity prices.
The higher costs are passed on to consumers, resulting in increased electricity prices. Therefore, steel price fluctuations can indirectly impact electricity prices, highlighting the importance of a stable and affordable steel market for ensuring stable electricity costs.
a) The impact of deadly labour unrest on the market for steel can be graphically illustrated by a leftward shift of the supply curve, resulting in a decrease in equilibrium quantity and an increase in equilibrium price. This unrest leads to a reduction in steel production and disrupts the supply chain, causing a decrease in the quantity of steel available in the market. As a result, the equilibrium price of steel rises, negatively affecting consumers and industries dependent on steel.
b) The impact of Eskom's electricity buy-back programme on the market for commercial coke can be graphically illustrated by a rightward shift of the demand curve, leading to an increase in equilibrium quantity and price. This programme incentivizes commercial establishments to sell excess electricity back to Eskom, reducing the electricity available for their own consumption. As a result, the demand for commercial coke, which is used in the production of electricity, increases. This shift in demand causes the equilibrium price of commercial coke to rise, benefiting producers in the market.
c) The impact of Eskom's electricity buy-back programme on the performance of Arcelor-Mittal can be graphically illustrated by a decrease in production costs and an increase in profitability. By participating in the buy-back programme, Arcelor-Mittal can generate revenue by selling excess electricity to Eskom. This additional income reduces their production costs, leading to a downward shift of the cost curve. As a result, Arcelor-Mittal's profitability increases, enabling them to invest in expansion, innovation, or cost reduction initiatives.
d) The proposal to set up another firm to compete with Arcelor-Mittal may not be viable under the mentioned circumstances due to several factors. Firstly, the steel industry requires substantial capital investments and economies of scale to be competitive. Introducing a new firm would likely face significant barriers to entry and struggle to achieve economies of scale, leading to higher production costs. Secondly, Arcelor-Mittal's established market presence and customer relationships give them a competitive advantage, making it challenging for a new entrant to gain market share. Lastly, the demand for steel may not be sufficient to support multiple firms, resulting in excess capacity and price competition, which can be detrimental to both firms' profitability.
e) An increase in steel prices can lead to an increase in electricity prices due to the interconnectedness between the two markets. Graphically, this relationship can be explained by a rightward shift of the cost curve for electricity production. When steel prices rise, the production costs for steel-intensive industries increase. These industries, including electricity generation, rely on steel as an input.
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the invisible hand directs economic activity through?
The invisible hand uses prices as a tool to guide economic activity. Prices take into account both the societal value of a good and the societal cost of producing the good.
What is the meaning of economic?
Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
Farmers lower the price of the crop when corn production rises in order to sell more of their harvest. When there is an excess of supply compared to demand, such as the amount of grain required to feed the nation's population, output must be squandered, which costs farmers money.
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