Answer:
Explanation:
April 2
Dr Cash 34,830
Dr Equipment 15,540
Cr Owner's capital 50,370
April 2
no entry
April 3
Dr Supplies 830
Cr Accounts payable 830
April 7
Dr Rent expense 630
Cr Cash 630
April 11
Dr Accaunts receivable 1360
Cr Service Revenue 1360
April 12
Dr Cash 3940
Cr Unearned service revenue 3940
April 17
Dr Cash 2950
Cr Service Revenue 2950
April 21
Dr Insurance expense 150.30
Cr Cash 150.30
April 21
Dr wages expense 1280
Cr Cash 1280
April 30
Dr Supplies expense 130
Cr Supplies 130
April 30
Dr Equipment 7000
Cr Owner's capital 7000
Answer:
The lowest selling price Geneva should accept for this purchase order is $20 per unit
Explanation:
Geneva produced dolls with Variable manufacturing costs $20 per unit.
Geneva receives a purchase order to make 5,000 dolls as a one-time event and this order is during a period when Geneva does have sufficient excess capacity.
Fixed cost did not change and there was no Variable selling and administrative costs for this order.
The lowest selling price Geneva should accept for this purchase order = Variable manufacturing costs = $20 per unit
Record-keeping.
Explanation:
The definition of record keeping is keeping records, or units of preserved information. This information can also be kept in books, which brings us to another term; bookkeeping.
Answer: The same amount of dollars
When it comes to the financial level, a replicating portfolio as the name implies, is a repetition of specific flows of a given asset, so it must be constituted with the same resources. In this case, the same amount of cash would be needed to create the replica.
Answer:
The correct answer is option B.
Explanation:
A monopolistic firm is characterized by a large number of buyers and sellers in the market producing differentiated products which are close substitutes, there are relatively easier entry and exit in the market.
In the given question, Teen Angle Hardware is looking for a niche or a slightly differentiated product to sell to teenagers. But is able to earn only a normal profit because there is a large number of firms in the market. And new firms can enter the market in the long run. So, this firm is an example of a monopolistic firm.
