Answer:
Aug 1
Dr cash $8,000
Dr photography equipment $34,400
Cr Common Stock $42,400
Aug 2
Dr Prepaid Insurance $3,000
Cr Cash$3,000
Aug 5
Dr Office supplies $1,520
Cr Cash$1,520
Aug 29
Dr Cash $4,000
Dr photography fees earned $4,000
Aug31
Dr Utilities expense $884
Cr Cash $884
Explanation:
Preparation of the general journal entries for the above transactions.
Aug 1
Dr cash $8,000
Dr photography equipment $34,400
Cr Common Stock $42,400
(8,000+34,400)
Aug 2
Dr Prepaid Insurance $3,000
Cr Cash$3,000
Aug 5
Dr Office supplies $1,520
Cr Cash$1,520
Aug 29
Dr Cash $4,000
Dr photography fees earned $4,000
Aug31
Dr Utilities expense $884
Cr Cash $884
Answer:
D. outbound logistics
Explanation:
The rest are secondary activity in Porter's value chain model.
Answer:
59,700 units
Explanation:
The computation of the equivalent units for the conversion cost is shown below:
= Opening work in process units × completion percentage + units started and completed × completion percentage + ending work in process units × completion percentage
= 4,600 units × 100% + 36,500 units × 100% + 31,000 units × 60%
= 4,600 units + 36,500 units + 18,600 units
= 59,700 units
Answer:
The legislature's action is an example of: Revoking common law by new statutory law
Explanation:
First of all, we need to understand what is the difference between a common-law and statutory law.
<u>Common-law: </u>This is based on decisions made previously at court, they have judicial precedent, so when there are similar cases the judges base their decision on these precedents.
<u>Statutory law:</u> This is a formal type of law, given it passed the house of parliament or Congress. The statutory laws are written and they regulate the behavior of citizens. There are many examples of statutory laws: tax laws, traffic regulations, etc.
According to the definitions above, the statutory law is stronger than a common law because the statutory law can modify the common law, just as in the provided example:<em> The legislature, following the court ruling, passes a statute saying hair color is not covered by anti-discrimination laws.</em>
Despite the common law is based on prior decisions taken at court (precedents), these are not approved by the parliament or congress, unlike the statutory law.
Answer:
a. $141,086,622.46.
Explanation:
Calculation for how much must it deposit today
Using this formula
Present Value = Future Value / [ ( 1 + r) n]
Where,
Future Value = 440,000,000
r = rate of Interest= 4%
n = Number of years = 29
Let plug in the formula
Present Value = 440,000,000 / [ ( 1 + 0.04)29]
Present Value= 440,000,000 / 3.1186514519
Present Value= $141,086,622.46
Therefore the amount it must deposit today to fund this liability will be $141,086,622.46
