Please see options missing from the original question :
A. rent the room because the marginal benefit exceeds the marginal cost.
B. rent the room because the marginal benefit exceeds the average cost.
C. not rent the room because the marginal benefit is less than the marginal cost.
D. not rent the room because the marginal benefit is less than the average cost.
Answer:
A. rent the room because the marginal benefit exceeds the marginal cost.
Explanation:
Although , the original operating cost of a room per night is $100 (($10,000/100), but since there are idle capacity (empty rooms), the company will be better off by an incremental profit of $30 ($60 -$30) per room by offering to sell empty rooms for $60 per room, using a marginal (incremental ) approach.
Answer: $4 per share
Explanation:
The par value of the common stock is given as:
= 
= 
= $4 per share
Here;
Common stock denotes the shares entitling their holder to dividends that vary in amount .
Answer:
1. Product invention.
2. Product extension.
3. Product adaptation.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
1. Product invention: it involves creating a totally brand new product to satisfy or meet common consumer needs across countries.
2. Product extension: it involves selling virtually the same product in other counties i.e sales of product that are the same in various countries.
3. Product adaptation: it involves changing a product in order to make it more appropriate or convenient for a county's climate or consumer preferences.
Answer:
a.
Taxes to be withheld from Gross Pay (Employee - Paid Taxes)
September Earnings Tax Rate Tax Amount
Subject to Tax
Federal Income tax $80.00
FICA - Social Security 800 6.20% $49.60
FICA - Medicare 800 1.45% <u> $11.60</u>
Total <u> $141.20</u>
FICA - Social Security = 800 * 6.2% = $49.60
FICA - Medicare = 800 * 1.45% = $11.60
b.
Date General Journal Debit Credit
Sep 30 Salaries Expense $800
Federal income tax payable $80
FICA taxes Payable - Social Security $49.60
FICA taxes Payable - Medicare $11.60
Salaries Payable $658.80
Salaries Payable = 800 - 80 - 49.60 - 11.60 = $658.80
Answer:
Accumulated Depreciation as on 31st December 2017 is 2448
Explanation:
Depreciation using straightline method=<u>Cost of equipment-salvagevalue</u>
useful life of the asset
Depreciation =<u> 12,240-0</u>
5years
Depreciation on 31st December 2017 = $2448
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