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1 year ago

A fire and emergency services organization's records management system may be used to?

1 answer:

7 0

A fire and emergency services organization's records management system may be used to meet legal and AHJ requirements. This is further explained below.

<h3>What is a fire and emergency services organization?</h3>

Generally, What we mean by "emergency service organization" is any group that exists to aid the public in times of crisis, whether it is via firefighting, medical care, or the handling of hazardous chemicals.

In conclusion, Legal and AHJ requirements may be satisfied by using the records management system of a fire and emergency services company.

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Palmona Co. establishes a $310 petty cash fund on January 1. On January 8, the fund shows $217 in cash along with receipts for t

Lemur [1.5K]

Answer:

The answer and procedures of the exercise are attached in the following archives.

Explanation:

The first part of the journal entry would record the expenses as the receipt. Hence the expense account would be a debit. A corresponding entry would be a credit to the cash account to record the receipt of such expenses. This is done basis the basic accounting rule that increase in the asset and expense account signifies as debit and vice versa whereas increase in the liability and revenue account would be regarded as the credit.

The second journal entry would increase the petty cash account by $50 to raise the balance of existing petty cash from $280 to $330. A corresponding effect would be a credit to the cash account.

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3 years ago

On December 31, 2021, Crane, Inc. leased machinery with a fair value of $2125000 from Cey Rentals Co. The agreement is a 6-year

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Answer: $1554228

Explanation:

Calculation of the lease liability that Crane should report in its December 31, 2021 balance sheet goes thus:

Annual Lease payment= $410,000

The present value of an annuity due of 1 for 6 years at 10% = 4.7908

We multiply the lease rentals by the present value of an annuity due of 1 for 6 years at 10%. This will be:

= $410,000 × 4.7908

= $1964228

We then subtract the first lease payment of $410,000 from the value gotten above. This will be:

= $1,964,228 - $410,000

= $1,554,228.

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3 years ago

Jorge is willing and able to pay up to $25 for an authentic autograph of Michael Jordan that he buys for $20. Melissa requires a

drek231 [11]

Answer:

Consumer's surplus is $5 and the producer's surplus is $4.

Explanation:

1) Consumer surplus is the extra amount a consumer is willing to pay for a product above the price they actually do pay.

Consumer surplus = maximum price willing to pay – actual price

Maximum price willing to pay = $25

Actual price = $20

Consumer surplus = $25 – $20

Consumer surplus = $5

Therefore, the customer saved $5 as a consumer surplus which he/she can spend on some other goods or services.

2) Producer surplus is the difference between what price producers are willing and able to sell a good for and what price they actually receive from consumers (market price).

Producer surplus = Actual price – minimum price willing to accept

Actual price = $20

Minimum price willing to accept = $16

Producer surplus = $20 – $16

Producer surplus = $4.

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3 years ago

EB1.

Ivan

Answer:

$110

Explanation:

The calculation of the per unit contribution margin is presented below:

Contribution margin per unit = Sale price per unit - variable cost per unit

= $150 - $40

= $110

By subtracting the variable cost per unit from the Sale price per unit so that the exact cost per unit can be achieved

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4 years ago

Food Fanatics caters meals where their cost of producing an extra meal is $25. Each of their meals is standard and sells for $20

ollegr [7]

Answer:

Explanation:

The marginal cost of producing food is $25, which is greater than the price of selling the food.

At this point the firm is incurring a loss. In order to improve profit margins, the firm should reduce the amount of meals been produced, so that profit would increase

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4 years ago