Answer:
(a) the error will not affect the equality of the trial balance.
(b) the income statement will show higher earnings.
the statement of owners equity will show higher balance.
the balance sheet will show higher balance of ending owners equity and the liability will show lower balance.
Explanation:
(a) both the credit and debit side of the trial balance is recorded, this will dont affect the equality
(b) since the fees earned will be more by $300,000, hence the income statement will have higher earnings.
the balance sheet would show a higher owners equity balance and show a lower liability balance.
the statement of owners equity will have been recorded a higher net income of $300,000.
Just a guess here..but I am thinking memorandum Hope this helps, <span>Gered!</span>
Answer:
1: A fixed resource is any resource that will always be available with a room arrangement where as Variable resources are electricity producers whose output amount and availability can vary due to the nature of fuel being used - for example, wind, solar, or run-of-river hydro. .
2: The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied where as the long run is a period of time in which the quantities of all inputs can be varied.
Explanation:
hope it helps!
Answer:
The correct answer is option
Explanation:
A firm operating in a perfectly competitive market is producing 800 units. The marginal cost is $3.50. The minimum average variable cost is $3. The market price is $4.
The firm will be able to maximize its profit at the point where the price of the product is equal to marginal cost and is able to cover the average variable cost of the product.
This firm should thus increase its production to more than 800 units till the marginal cost is equal to the price which is $4.
To get the growth rate, we will follow the Gordon Growth modelP= D/(K-G)whereP= stock value=$68D= Expected dividend=$3.85G= Growth rateK= required rate of returnG =K-(D/P)Substitute the given valuesG= 0.11-(3.85/68)
G= 5.34%The growth rate for stock required is 5.34%
