Answer:
Juanita should purchase the skirt at her local store because the total economic cost will be lowest
Explanation:
three options:
- local store 15 minutes away and a price of $104
- across town 30 minutes away and a price of $88
- neighboring city 1 hour away and a price of $63
Juanita makes $42 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
- local store = $104 + [1/4 hours x 2 (round trip) x $42] = $125
- across town = $88 + [1/2 hours x 2 (round trip) x $42] = $130
- neighboring city = $63 + [1 hour x 2 (round trip) x $42] = $147
Juanita should purchase the skirt at her local store because the total economic cost will be lowest ($125)
Banana (I just said any item) u would pay with debit because debit is for food
A credit card is most used to but things not food
ExplanatMary trades in <em><u>paper assets</u></em> that involves buying and selling of stocks and mutual funds. She is a major shareholder and the CEO of a large corporation. She needs capital to expand the company. Mary can raise capital by issuing <em><u>bonds</u></em>. This will assure lenders that Mary’s company will repay the loan.
Answer: $80,242
Explanation:
Common stock = Assets - Liabilities - Retained earnings
Assets next year = 256,555 + 55,000
= $311,555
Liabilities remain unchanged.
Retained earnings
= Opening retained earnings + Net income - dividends
= 49,793 + 44,200 - 12,000
= $81,993
Common stock next year;
= 311,555 - 149,320 - 81,993
= $80,242
Answer:
The answer is C
Explanation:
This is an interest expense.
In accounting, the rule is as follows:
Debit side increases asset and expenses while credit side decreases liability, shareholders' equity and sales or revenue.
Credit side decreases asset and expenses while credit side increases liability, shareholders' equity and sales or revenue.
2 points on $400,000 means the interest charge is 2 percent on $400,000.
So we have 0.02 x $400,000
$8,000.
It will be a debit side because it is an increase in expense.
