Answer and Explanation:
The journal entries are shown below:
1. Equipment Dr $21,300
To cash $21,300
(Being the equipment is purchased for cash)
For recording this we debited the equipment as it increased the assets and credited the cash as it reduced the assets
2. Cash Dr $6,100
To Service revenue $6,100
(Being the cash received is recorded)
For recording this we debited the cash as it increased the assets and credited the service revenue as it increased the revenue
3. Rent expense $900
To Cash $900
(Being the rent is paid)
For recording this we debited the rent expense as it increased the expenses and credited the cash as it reduced the assets
4. Office supplies Dr
To Account payable
(Being the office supplies purchased on account)
For recording this we debited the office supplies as it increased the assets and credited the account payable as it increased the liabilities
5. Salaries expense
To cash
(Being the salaries paid is recorded)
For recording this we debited the salaries expense as it increased the expenses and credited the cash as it reduced the assets
The following equation of parabola is given:
p(x)= - 5 x^2 + 240 x - 2475
where p(x) = y
This is a standard form of the parabola. We need to
convert this into vertex form of equation. The equation must be in the form:
y – k = a (x – h)^2
Where h and k are the vertex of the parabola. Therefore,
y = - 5 x^2 + 240 x - 2475
y = -5 (x^2 – 48 x + 495)
Completing the square:
y = -5 (x^2 - 48 x + 495 + _) - (-5)* _
Where the value in the blank _ is = -b/2
Since b = -48 therefore,
y = -5 (x^2 – 48 x + 495 + 81) + 405
y – 405 = -5 (x^2 – 48 x + 576)
y – 405 = -5 (x – 24)^2
Therefore the vertex is at points (24, 405).
The company should make 24 tables per day to attain maximum
profit.
For a restaurant, some variable costs could be labor costs/ worker wages, raw product/ purchasing food to cook, and energy and fuel/ utilities.
Answer and Explanation:
According to the situation, the solution of journal entries are as follows
1. Copyright Dr $300,000
To Cash $300,000
(being the purchase of copyright is recorded)
Here, we debited the copyright as it increased the assets and credited the cash as it decreased the assets
2. Amortization expense Dr ($300,000 ÷ 12 years) $25,000
To Accumulated amortization $25,000
(being the annual amortization is recorded)
Here we debited the amortization expense as it increased the expenses and credited the accumulated amortization as it decreased the assets
Answer:
nonprofits have a social mission, while for-profits aim to offer products and services that are valuable and that make them a tom of money. Then they get money. and also non profits don't make a profit they just pay for themselves and their product.. 0 profit
Explanation:
