1=A
2=D
3=C
4=A
5=C
6=C
7=D
8=A
9=C
10=D
11=C
12=A
13=C
14=B
Answer:
Explanation:
Let n₁ and n₂ be the number of set produced of model A and B per day .
n₁ + n₂ = 60
20 < n₁ < 60
10 < n₂ < 40
Total profit Q = 45 n₁ + 55 n₂ = 45 n₁ + 55 ( 60 - n₁ )
Q = 3300 - 10 n₁
So to maximise total profit n₁ needs to be minimum . The minimum value of n₁ = 20
Q = 3300 - 10 x 20
= $ 3100
So model A should be produced 20 and model B should be produced 40 sets .
Answer:
a. Corporation
Explanation:
A Corporation is the best form of business structure would clearly meet Haley's needs
1. Limited Liability
This form of business gives her limited liability, that is to say her liability is only limited to what she has invested in business and not any further thus having a better protect her personal assets from any liabilities associated with the business.
2. Taxes
A Corporation also had lower tax rate on business income not to mentions of capital allowances on assets used in business or the other deductions in expenditure incurred to run the business
3. Corporate Governance
Her daily involvement in the operations of the business is limited in this as the directors are appointed as stewards to manage the business with the oversight from a board of directors.
Answer:
a.Building (Dr.) $145
Equipment (Dr.) $260
Cash (Cr.) $404
Long-term note (Cr.) $30
b. Cash (Dr.) $340
Common Stock (Cr.) $180
Share Premium (Cr.) $160
c.Retained Earnings (Dr.) $145
Dividend Payable (Cr.) $145
d.Short-term investment(Dr.) $7716
Cash (Cr.) $7716
e. No Effect on accounting equation or Canon Sporting Goods Accounts.
f. Cash (Dr.) $4313
Short-term Investment (Cr.) $4313
Explanation:
a. Non-current Asset is increase by $434 and Current Assets cash account decreased by $404, Non-current liability is increased by $30.
b. Cash received debited which increases current asset by $340 and common stock account increased by $180, Share premium account increased by $160 under the stockholder account.
c. Dividends are paid from retained earnings on the equity account of the balance sheet. No effect on the assets. Retained earnings are decreased (stockholder account) and dividend payable is increased (current liability account).
d. Both are current asset accounts. Short-term investment account is increased and cash is decreased by $7716.
e. There will be no effect on the accounts of Canon Sporting Goods as the transaction occurred between two outside investors.
f. Both are current asset accounts. Cash is increased and short term investment is decreased by the $4313.