Answer: ambiguous
Explanation:
The profit will be calculated by subtracting the total cost from the total revenue. i.e. Profit = Total revenue - Total cost.
To know the value of the economic profit, the price is required but based on the information given in the question, the price was not given as we were given only the cost. There, in this case, the answer will be "ambiguous" as we do not have all the information required to solve the question.
Answer: Please see answer in explanatory column
Explanation:
1) Journal entry to establish the fund on January 1st.
Account Debit Credit
Petty Cash $250
Cash $250
2) journal entry to record re-imbursement on January 8.
Account Debit Credit
Postage expense $43
Merchandised inventory $14
Delivery Expense $16
miscellaneous expenses, $32
Cash $105
3) journal entries to record reimbursement of the fund and increment to $300 on January 8
Account Debit Credit
Petty Cash $150
Cash $150
Petty cash increasing to $300, therefore the increased amount
$300- $250= $150
Answer:
Spree Chocolatier would be considered as both the state of incorporation and the state of its principal place of business
Explanation:
The Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business According to federal diversity purposes because based on the information given the Spree Chocolatier which was incorporated by Jules has several of their facilities in five major cities which include California, Arizona, and Washington in which after fulfilling the contract for the 500 fancy desserts for a banquet, the same Spree Chololatier has client in Seattle, Washington which refused to pay which makes Jules to brought suit this means Spree Chocolatier would be considered a citizen of both the state of incorporation and the state of its principal place of business because the state of incorporation and the state of its principal place of business are the 5 major cities in which Jules incorporated his business.
<span>The correct answer should be 2 and 4. Physical capital investing doesn't necessarily mean that there will be an increase in production, while import increase is bad for the economy because what you want is to export. Reducing the defense budget doesn't make your economy grow. Investing in human capital means that you help people educate so they can work better and produce more and come up with new things, and engaging in international trade makes your economy stronger too.</span>
The answer is b location of markets
