Answer:
$450
Explanation:
Data given in the question
Number of the units produced is 50 units
Marginal revenue is $6
Now the output increase by 50%
So, the total revenue is
= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)
= 50 units × $6 + 50% of $300
= $300 + $150
= $450
We simply compute by applying the above information
Answer:
$100,000 and $97,368
Explanation:
In this question we compare the cost between the two options available i.e shown below:
First options
Collect today for $100,000
Second options, the present value is
= Annual cash flows × PVIFA factor for 10% at 7 years
= $20,000 × 4.8684
= $97,368
So the present value of the first option is $100,00
0
And, for the second options it is $97,368
Answer:
Debit Salaries Expense $400 and Credit Salaries payable $400.
Explanation:
Consider, we are told the company pays each of its <em>two</em> office employees, meaning, the 2 employees combine will earn $200 a day
.
Furthermore, we are told that even though the monthly accounting period ends on Tuesday the two employees work on Monday and Tuesday, meaning, the adjusting entry to record at the month-end will be a summation of the amount earned by the two employees on the two days. That is, = $200 × 2 days
<u> = $400 </u>(which is a salary expense).
Therefore, going by the rule of double-entry, we are obliged to debit salaries expense account and credit salaries payable account.
Answer:
$1,500
Explanation:
Data provided:
operation's Beginning Inventory = $15,000
Purchases = $21,500
Ending Inventory for the period = $14,000
Total Cost of Sales = $21,000
Now,
The amount of this operation's Employee Meals in the period
= Beginning Inventory + Purchases - Ending Inventory - Total Cost of Sales
= $15,000 + $21,500 - $14,000 - $21,000
= $1,500