Answer:
(a) It affects expense account.
(b) It affects Revenue account.
(c) It affects expense account.
(d) It affects Expense account.
(e) It affects Dividend account.
(f) It affects Revenue account.
(g) It affects Expense account.
(h) It does not affect stockholders’ equity because purchase of equipment for cash doesn't affect stockholders’ equity.
(i) It affects Common stock account.
C.
pretty sure that’s right but if not, sorry!
Answer:
The correct answer is B. the expected interest rate for the next year and the current value of the furniture.
Explanation:
To compute the cost of owning the furniture for the next year we need 2 bits of information, the expected interest rate for the next year and the current value of the furniture.
As we need the cost of the next year, we don´t care about the interest we pay in the past. We need what we have to pay in the future.
And also , we need the current value of the antique furniture so we can know the cost of opportunity of running the antique furniture. ( If we don´t run this business , what can we do with that money?)
Answer:
The correct answer is rational decision making.
Explanation:
The question about rationality is that all human beings are different, with different tastes, variety of opportunities and what is rational or useful for one person may be totally different from what would satisfy another. In addition to everyday situations, people often make quick and unconscious decisions that are part of their daily experiences and are chosen by inertia, which can often leave rationality aside to become repetitive or everyday choices, another really important aspect Within the issue of decision making is the change of thoughts, tastes or perspectives of people over time and according to their experiences or areas in which they are, in short, what for a person can be rational in this At the moment, it won't be in the future.
The above gives us a perspective of decision-making in many fields where it can be observed that the most important thing is the search for self-benefit and where opportunity costs are weighed in order to see what is most useful within the opportunities They are available. The most interesting of all is to understand that we live with economic science on a daily basis and that without a doubt it is immersed in us when making decisions; It is also called "The hidden logic of life."
Answer:
1 Required: 1-a. Prepare an adjusted trial balance at September 30, 2018.
Explanation:
Starbooks
Adjusted trial balance
d Cash $ 295
d Account receivable $ 295
d Supplies $ 495
d Equipment $ 3.195
c Accumulate depreciation $ 895
d Prepaid Rent $ 95
c Account Payable $ 595
c Notes Payable (short-term) $ 495
c Deferred Revenue $ 195
c Notes Payable (long-term) $ 195
c Common Stock $ 195
c Retained Earnings $ 1.495
c Service Revenue $ 6.185
c Interest Revenue $ 95
d Salaries Expense $ 2.195
d Depreciation Expense $ 295
d Income Tax Expense $ 295
d Rent Expense $ 395
d Supplies Expense $ 195
d Travel Expense $ 2.595
Total $ 10.345 $ 10.345
