Based on the time it takes Leo when he uses two machines, the length of time it will take if the large copier is broken is <u>75 minutes. </u>
<h3>How long will it take if the large copier is broken?</h3><h3 />
This can be found by the formula:
= 1 / ( (1 / time taken with both copiers) - (1 / time taken with large copier) )
Solving gives:
= 1 / ( ( 1 / 30) - (1 / 50))
= 1 / (1 / 75)
= 75 minutes
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Answer:
1. Asset and capital will increase
2. Current asset decrease
3. Asset and liability increase
4. Asset decrease
5. Asset increase
6. Asset increase
7. Asset decrease, expense increase
8. Asset increase
9. Asset increase
10. Asset decrease, liability decrease
11. Liability increased
12. Asset decrease
13. Asset decrease
14. Capital decrease
Explanation:
<u>Income Statement for the month of May:</u>
Sales Revenue $11,100
Less: Operating Expenses:
Cleaning service $750
Salary expense $750
Advertising expense $80
Salaries expense $750
Telephone bill $300
Utilities expense $280
Net Profit $8,190
Answer:
C. Total debits are equal to total credits
Explanation:
When the end-of-period spreadsheet is complete, the adjustment columns should have:
Total debits equal to total credits.
When this happens, the trial balance is considered to be balanced.
If revenues are greater than expenses, then income statement will give a credit balance. If expenses are bigger than revenues, your income statement will show a debit balance.
Answer and Explanation:
The complementary goods are those goods which are used together while on the other hand the substitute goods are those goods that are used in place of one another
Based on this, the classification is as follows
1. Complementary goods
2. Substitute goods
3. Substitute goods
The above represents the classifications
Answer:
TRUE
Explanation:
Bankruptcy is a legal framework, in which borrowers who cannot pay their loans, may seek relief from all of their liabilities from individuals or other organizations. In most states, a judge's order mandates bankruptcy.
In this situation, Tim is a bankrupt person, tin wrote a negotiable note but now Tim has got relief from his liabilities, so he has not to pay against his negotiable note.
Therefore, the following situation is TRUE .