Answer and Explanation:
The journal entries are shown below:
On Mar 12
Account receivable Dr $9,100
To Service revenue $9,100
(Being the service provided on the account is recorded)
For recording this we debited the account receivable as it increased the assets and credited the service revenue as it also increased the revenue
On Mar 20
Cash $8,918
Sales discount ($9,100 × 2%) $182
To Accounts receivable $9,100
(Being cash received recorded)
For recording this we debited the sales discount and cash as it increased the discount and assets and credited the account receivable as it reduced the assets
Answer:
Rate = $33
Maximum Income = $5445
Explanation:
Let x be the amount of increase in rental to achieve maximum profit.
So, Rate = (30+x)
When rate increase by x, the quantity decreases by (180 -5x).
Income = (30+x) * (180 - 5x)
Income = 5400 - 150x + 180x - 5x²
Income = -5x² + 30x + 5400
The income will be maximized when derivative of Income is zero.
Taking derivative,
- dI/dx = 2 * -5x + 1 * 30x° + 0
- -10x + 30 = 0
- -10x = -30
- x = -30 / -10
- x = 3
The rate at which cars should be rented to earn maximum income is 30 + 3 = $33 per day per car.
Maximum Income will be,
Rate = 33
Quantity = 180 - 5(3) = 165 cars
Max Income = 33 * 165 = $5445
Explanation:
A job is something that you do for pay or money. On job, you do a specific set of tasks according to your job title. Whereas a career is a series of jobs or occupation that you do throughout your life. Series of jobs make your career.
Now in this question, is Amelia wants to open up her own day care center, she should join an internship program at a well organized day care center while studying, in order to have a first hand knowledge about baby sitting and the requirements of opening and operating a day care. This would give her idea about some minute details of the day care center and will make her settling her career easily.
Answer:
which one of two machines to acquire given equal machine lives but unequal machine costs.
Explanation:
equivalent annual cost (EAC) is used in determining which investment to make when the investments have different life spans.
When investments have different life spans, the net present value(NPV) cannot be used in making decisions on investment.
EAC= 
where r = interest rate
n = number of years
The decision rule is to invest in the investment with the higher EAC
