Answer:
The adjusting entry will be shown below:
Explanation:
The adjusting journal which is to be recorded in the following case will be:
Office Supplies expense A/c..............................Dr $2,275
Office Supplies A/c.........................................Cr $2,275
As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.
Working Note:
Amount = Debited amount of office supplies - Offices supplies on hand
= $3,900 - $1,625
= $2,275
Answer:
Option (c) is correct.
Explanation:
Given that,
Sales = $ 2,000.00
Costs = 1,400.00
Depreciation = 250.00
EBIT = $ 350.00
Interest expense = 70.00
EBT = $280.00
Taxes (25%) = 112.00
Net income = $168.00
Net operating profit after taxes (NOPAT):
= EBIT × (1 - tax rate)
= $350 × (1 - 25%)
= $350 × 0.75
= $262.50
Therefore, the net operating profit after taxes (NOPAT) is $262.5.
Answer: <u><em>The statement given is true</em></u> since the total cost cost ownership is an estimate of cost of an commodity that considers all cost accompanying to the procurement and utilization of the item. Some of these cost are: Depreciation costs
, Fuel costs
, Insurance
, Financing
, Repairs
, Downtime costs and etc. The total cost of ownership does not include disposing costs.
Answer:
Explanation:
Marginal propensity to consume (MPC) = Change in consumer spending / Change in disposable income.
= (380 - 180) / (350 - 100)
= 200 / 250
= 0.80
Marginal propensity to save (MPS) = 1 - Marginal propensity to consume (MPC) = 1 - 0.80 = 0.20
Autonomous consumption (A) = Consumption spending (C) - Marginal propensity to consume * Disposable income.
= 180 Million - 0.80 * 100 Million
= 180 Million - 80 Million
= $ 100 Million.
Aggregate consumption function = 100 Million + 0.8 * YD
YD - disposable income
Answer:Sheridan should record a liability at December 31, 2020 for accrued salaries of =d. $157200
Explanation:
Since there are 5 workdays in a week
we consider First, Workdays Biweekly (Two weeks)
= 5 work days per week X 2 = 10 days
then the Remaining work days in 2020 for December 29,30 and 31 = 3 days
Accrued salaries = Recurring biweekly salaries/10 days X 3 days + Overtime pay earned in the 2-week period ended 12/26/20
$444,000/10 days x 3 days + $24000
$133,200
+$24000
= $157,200