Answer:
1-Dec
Cash $10500 (debit)
Common Stock $10500 (credit)
1-Dec
Rent Expense $950 (debit)
Cash $950 (credit)
1-Dec
Prepaid Insurance $600 (debit)
Cash $600 (credit)
1-Dec
Equipment $3600 (debit)
Cash $3600 (credit)
5-Dec
Supplies Expense $300 (debit)
Accounts Payable $300 (credit)
15-Dec
Cash $7200 (debit)
Service Revenue $7200 (credit)
16-Dec
Accounts Receivable $5200 (debit)
Service Revenue $5200 (credit)
21-Dec
Cash $2400 (debit)
Accounts Receivable $2400 (credit)
23-Dec
Accounts Payable $170 (debit)
Cash $170 (credit)
28-Dec
Wages Expense $4480 (debit)
Cash $4480 (credit)
30-Dec
Dividends $200 (debit)
Cash $200 (credit)
Explanation:
It is important to remember that <em>Insurance paid in advance</em> is an Asset hence, premium on a one-year insurance policy was recorded in Prepaid Insurance.
What is the question here I’m confused
Answer:
The answer is: Red Carpet should try to focus on niche market segments.
Explanation:
A niche market is part of a greater market, but its focus is set on very specific products. The niche market has very specific market needs that need to be targeted by very specific products.
Usually niche markets are targeted by high priced products since normal broad range products or services will not satisfy their specific needs. For example, vegan restaurants are more expensive than McDonald's or Pizza Hut.
Since niche markets are small, usually big multinational corporations don't pay attention to them.
Answer:
change in the Money supply = $2000
Explanation:
given data
deposit = $1,000
reserve ratio = 0.50
to find out
how much will checking deposits in the banking system increase as a result
solution
we get here change in the Money supply that is express as
change in the Money supply = Change in the Monetary base × Money multiplier ............................1
here
Money multiplier = ..................2
Money multiplier =
Money multiplier = 2
put value in equation 1
change in the Money supply = 1000 × 2
change in the Money supply = $2000
Answer:
times interest earned ratio = 4.21
Explanation:
times interest earned ratio = income before interest and taxes (EBIT) / interest expense
income before interest and taxes = $320,000
interest expense = $60,000 + $16,000 = $76,000
times interest earned ratio = $320,000 / $76,000 = 4.21