Answer:
raise
Explanation:
In a market without price control, prices are determined by the forces of demand and supply. When price is below equilibrium price, market forces shift the price upward until equilibrium is reached.
If prices are above equilibrium price, market forces shift prices downward until equilibrium price is reached.
Equilibrium price is the price at which quantity supplied equals quantity demanded.
Answer:
C.completeness
Explanation:
Occurrence means transactions and events that have been recorded or disclosed have occurred and relate to the entity.Existence means whether or not accounts balances and related disclosures related Assets, liabilities and equity interests exist in the financial statements.
Completeness means there are no unrecorded transactions, events and disclosures and all transactions that have occurred has been included in the general ledger/financial statements
Valuation or allocation means that assets, liabilities and equity interests are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded and related disclosures have been appropriately measured and described.
In this question, interest on sample of paid notes have been traced to the general ledger account, to check that whether the interest on the selected sample has been included in the general ledger and financial statements.Thus the answer shall be C.completeness
The required ratio would be 12
Answer and Explanation:
The transactions 3 6 and 8 represents that the expenses are incurred which results in increased and expenses and the transaction 4 and 5 shows that there is an increased in revenue
The journal entry is shown below:
For transaction 3
Rent expense
To Cash
(Being the rent expense is paid for cash is recorded)
As the expense has debit balance so it would be increased
For transaction 6
Electricity expenses Dr
To Cash
(Being the energy usage is paid for cash is recorded)
As the expense has debit balance so it would be increased
For transaction 8
Advertising expense Dr
To Account payable
(Being the advertising expense is recorded)
As the expense has debit balance so it would be increased
For transaction 4
Account receivable Dr
To Service revenue
(Being the service is provided)
As the revenue has credit balance so it would be increased
For transaction 5
Cash Dr
To Service revenue
(Being the service provided is recorded)
As the revenue has credit balance so it would be increased
The attachment is provided for better understanding
The other transactions represent the assets, liabilities and stockholder equity
Answer:
$77,152.90
Explanation:
The computation of the future value is shown below:
Given that
Yearly cash flows
$12,900
$16,300
$18,600
$19,800
Discount rate = 10%
Time period = 4 years
So, the future value of these cash flows is
= $12,900 × (1.1)^3 + $16,300 × (1.1)^2 + $18,600 × (1.1)^1 + $19,800
After solving this the amount came is
= $77,152.90