Answer:
$38,950
Explanation:
Given that,
Cash balance on its books = $35,000
Outstanding checks = $11,000
Deposits in transit = $7,000
Bank service charges = $50
Tanner's April 30 cash balance per the bank statement:
= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge
= $35,000 + $11,000 - $7,000 - $50
= $38,950
Therefore, cash balance as per bank statement is $38,950.
Answer:
Earnings per share of Concord Corporation for the year 2022 = $2.83
Explanation:
As for the information provided we have,
Earning per share to be computed for Concord Corporation for 2022
Note: Earning per share is computed for a period, and not for the particular date as it relates to the return on investment.
Therefore, Earnings per share for equity = Earnings for equity for the year concerned/Average number of shares outstanding
Average number of shares outstanding = (Opening equity + Closing Equity)/2
Equity shares in the beginning of 2022 = 180 million
Since no information for losing shares given thus, assumed same as of beginning.
Net income for equity = Net income - Pref dividend = $535 - $26 = $509 million
Earnings per share = $509 million/180 million
= $2.83 per share
Answer:
See as below
Explanation:
1. A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices.
Supply curve: <em>The supply curve is upward sloping. It originates from the bottom left corners and rises as prices increase.</em>
<em> </em>
2. The claim that other things being equal, the quantity supplied of good increases when the price of that good rises.
Law of supply:<em> The law of supply asserts that there is a positive or direct relationship between price and quantity supplied. Firms are willing to supply more at higher prices to make more profits.</em>
3. The amount of a good that sellers are willing and able to supply at a given price.
Quantity supplied:<em> </em><em>Quantity supplied denotes a numerical value that firms are willing to sell at the given price. A high selling is a motivation for producers to supply more. </em>
4. A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices. supply schedule
Supply schedule: <em>A supply schedule shows the quantities that producers are willing to sell at different prices in a period. It illustrates how the price affects the quantities supplies are willing to sell.</em>
Answer:
The correct answer is option B.
Explanation:
Real GDP is the inflation-adjusted measure of economic growth. It measures the change in output level at a constant price. It measures changes in economic output.
Nominal GDP measures change in output level based on current prices. It is not an inflation-adjusted measure of economic growth.
Real GDP changes with a change in output level. While nominal GDP can change with change in either output level or price. So it is not necessary that a decline in real GDP is accompanied by a decline in nominal GDP.
Answer:
Lionel Magazine
The Adjusting Journal Entry to record on July 31 for the first month of the advertising space sold includes a:
Debit to the Unearned Revenue account with $200
and
Credit to Earned Advertising Revenue account with $200
This will reduce the Unearned Revenue account by $200 being the amount for July (one month) and at the same time, increase the Earned Advertising Revenue account by $200.
Explanation:
a) Data and Analysis:
Unearned Revenue $200 Earned Revenue $200 ($1,200/6)
