The interest per year for $5,000 to become $9,110 after 30 years is 2.02% compounded continuously.
Answer:
1. Apple Stocks Dr. $75,000
Deferred Donation Income Cr. $75,000
2. Apple Stocks Dr. $1,500
Gain on Apple Stocks Cr. $1,500
3. Cash Dr. $ 76,000
Gain/Loss on Apple stocks Dr.$1,500
Apple Stocks Cr.$76,500
Explanation:
1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.
2. When value of stocks increase, asset stock of apple also increase by differential amount.
3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.
Location or which street they are on so if the people u are sending this to need to send something back then u should out your address.
Answer:
The adjustment at month-end is :
Supplies Expense $400 (debit)
Supplies $400 (credit)
Explanation:
The Supplies Account is an asset Account that decreases as the supplies are used in the business.
The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :
<em>Supplies Expense $400 (debit)</em>
<em>Supplies $400 (credit)</em>
Answer:
Option (c) : $80,000
Explanation:
As per the data given in the question,
A B
Sales price $12 $22
Less: Variable cost $10 $10
Contribution per unit $2 $10
Time required in hours 0.25 0.50
Contribution per hour $8 $20
Rank 2 1
Company should produce only product B to maximize the contribution.
Total contribution = $20 × 4,000
= $80,000
