Answer: is increased by credits
Explanation:
Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.
Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.
Answer:
The Journal entries are as follows:
(i) On October 1, 2014
Retained Earnings A/c Dr. $7,350,000,000
To Dividend Payable $7,350,000,000
(To record declaration of dividend on outstanding shares)
Workings:
Dividend Payable = Outstanding shares × Dividend per share
= 3 billion × $2.45
= $7.35 billion
(ii) On October 15, 2014
No Entry
(iii) On October 20, 2014
Dividend Payable A/c Dr. $7,350,000,000
To cash $7,350,000,000
(To record payment of dividend)
Answer:
B) $ 1.449.635,50
Explanation:
YEAR 1: $150.000 PV= FV/(1+i)^n = $150.000/ (1+0,08)^1 = $138.888,89
YEAR 2: $150.000 PV= FV/(1+i)^n = $150.000/ (1+0,08)^2 = $128.600,82
YEAR 3: $150.000 PV= FV/(1+i)^n = $150.000/ (1+0,08)^3 = $119.074,84
YEAR 4: $150.000 PV= FV/(1+i)^n = $150.000/ (1+0,08)^4 = $110.254, 48
YEAR 5: $150.000+ $1.250.000= $1.400.000 PV= FV/(1+i)^n
PV= $1.400.000/ (1+0,08)^5 = $ 952.816, 48
TOTAL = $1.449.635,50
Answer:
Option "B" is the correct answer to the following statement.
$15
Explanation:
Marginal revenue is the extra revenue produced from increasing sales of a single unit of the commodity. Marginal benefit is the income received by a business or entity when the creation and distribution of one extra or marginal product.
Marginal Benefit = New revenue - Old revenue
= ($40) - ($25)
=$15
So,the Marginal Benefit for Lionel's Lawn Care is $15 .
Initially the man bought the goat at $60 the sold it at $70, thus making a profit of $ 10 (extra), then later on bought the goat at $ 80 and sold it at $90, making another profit of $ 10 (extra). So by the end of the day the man gained $ 20.
Consider it this way, the man made a profit of 10 and decide to invest it back by adding to $60 to raise $70 then made a profit of another $10, totaling to a profit of $20. Thus, the answer is $20.