Answer:
Date Accounts Titles & Explanation Debit Credit
Dec 31 Rent Expense $2,040
($6,120 *2/6)
Prepaid Rent $2,040
Dec 31 Deferred Revenue $525
Service Revenue $525
Dec 31 Salaries Expense $700
Salaries Payable $700
Dec 31 Supplies Expense $2,390
($3,100 - $710)
Supplies $2,390
Demon Deacons Corporation
Adjusted Trial balance
December 31, 2021
Accounts Debit$ Credit$
Cash 9,100
Account receivable 14,100
Prepaid rent 4080
Supplies 710
Deferred revenue 1,575
Salaries payable 700
Common stock 11,000
Retain earnings 5,100
Service revenue 45,245
Salaries expenses 31,200
Rent expenses 2,040
Supplies expenses <u>2,390</u> <u> </u>
Total $<u>63,620</u> $<u>63,620</u>
Prepaid rent = 6,120 - 2,040 = 4080
Supplies = 3100 - 2390 = 710
Deferred revenue = 2,100 - 525 = 1575
Answer:
C. $2
Explanation:
The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:
3,750-3500= 250
With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:
250 units ⇒ $500
1 unit ⇒ x
x=( 1*500)/250= 2
The firm's short-run marginal cost is $2.
Answer:
$9 billion
Explanation:
Calculation to determine what The commercial banking system has excess reserves of
Using this formula
Excess Reserve= Net Worth Reserves -Required reserve
Let plug in the formula
Excess Reserve=$51 billion - (.30*$140 billion)
Excess Reserve=$51 billion-$42 billion
Excess Reserve=$9 billion
Therefore The commercial banking system has excess reserves of $9 billion
Answer:
I gotchu-
Explanation:
A responsibility is something you have to do or (at least) ought to do.
For example, it's the US Citizens responsibility to drive safely.
A right is something you are allowed to do or permitted to do. You have no obligation to exercise your right.
For example, it's the US Citizens right to vote during an election.
In conclusion, a responsibilty is something that the govt expects you to do, while a right is a privelege the govt gives you if you follow the laws.
P.S. To have rights, you must follow your responsibilities.
Hope this helped :)
You provide what you like like and santa brings it to north pole and see what is best for you
