Answer:
letter b, recording the transaction based on the information in a source document
Explanation:
The "Accounting Cycle" follows a series of steps in order to assist the accounting transactions of a company or business. It starts with the "Transaction step" <em>(the first step</em>) where<u> </u><u><em>the source documents have to be examined in order to analyzed transactions.</em></u> This also includes the recording of the transaction in the journal.
This step is followed by <em>Posting the Entries into the Ledger Accounts, Preparing the Unadjusted Trial Balance, Adjusting the Journal Entries, Preparing the Adjusted Trial Balance, Recording Reversing Entries, Preparing Post-Closing Trial Balance, Record Closing of Entries and Preparing Financial Statements.</em>
Answer:
B) average total cost must be rising
Explanation:
Marginal cost is the rate at which total variable cost increases when one more unit is produces.
So when marginal cost is larger than average cost, it means that total average costs must be increasing.
For example, we have the following production costs:
- total costs = $100
- units produced = 20 units
- total average costs = $5 per unit
If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).
Answer:
Web Design I & II
Explanation:
Worth a whole credit each, the web design courses on FLVS are fun and and interesting, but there's a lot of focus needed to make sure you're doing everything right. Since you'll be creating your very own website using Dreamweaver and Fireworks, you'll have to follow instructions laid out in the modules closely. If you're good at focusing and following extensive directions, then you should be fine with the course. Depending on how computer savvy and focused you are, completion time can range from a week to months.Either way, it's an easy course and can be a huge grade booster since as long as you follow directions, you can easily earn a 95% or higher in the class with barely any mindful effort.
What is the percentage change in EPS when a normal economy slips into recession -15.0 percent
Under Normal Economic Conditions :
EPS = EBIT/shares outstanding = $216000/8600 = $25.11
Under Expansionary Times:
EPS = [EBIT x 1.60]/shares outstanding = $216,000(1.3)/8600
$280800/8600 = $32.65
Under a Recession:
EPS = [EBIT x (1-.12)]/shares outstanding =$216,000(.15)/8600
$324000/8600 = $37.67
% Δ EPS going from Normal Expansion:
($32.65 - $37.67)/$37.67 = .15 or 15%
% Δ EPS going from Normal Recession:
($32.65 - $37.67)/$37.67 = -.15 or -15%
About EBIT :
Earnings before interest and taxes (EBIT) is an indicator of a company's profitability. EBIT can be calculated as revenue minus expenses excluding tax and interest. EBIT is also referred to as operating earnings, operating profit, and profit before interest and taxes.
Learn more about EBIT :
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