Answer:
A trial balance presents data in debit and credit format.
Explanation:
There are two sections in the trial balance, called columns of debits and columns of credits. The total columns of debit and credit should always correlate or matched. The debit columns report assets and expenditures side while revenues stockholder equity, and the liability side are reported in the credit column.
Answer:
The elasticity is about 1.43, and an increase in the price will cause hotels' total revenue to decrease
Explanation:
The formula of the midpoint for the variation of the quantity is 
and for the price is 
. With the variation of the price and the quantity the elasticity formula is ΔQ/ΔP. Replacing the elasticity is -1.43
The price elasticity of the demand is bigger than 1, that means that the demand is elastic, every increase of the price will cause a bigger decrease of the quantity, the revenue will drop because the increase of the price do not compansete the decrease of the quantity.
Answer:
d. $5,204
Explanation:
Interest expenses up to December 31, 2020 = (Total present value of lease payment - Lease payment on July 2021) * 8% * 6/12
= $61,600 - $8,500 * 8% * 6/12
= $53,100 * 8% * 6/12
= $2,124
Depreciation Expenses up to December 31, 2021
= Fair value of equipment / Useful life * 6/12
= ($61,600 / 10) *6/12
= $6,160 * 6/12
= $3,080
Therefore, the total decrease in earnings (Pretax) in Larlas December 31, 2021 Income statement would be
= Interest expenses + Depreciation Expenses
= $2,124 + $3,080
= $5,204
Answer:
D
Explanation:
Enterprise information technology is a type of information system designed to improve organizations structured interactions among their own employees and also with external customers,suppliers, government agencies, and other business partners. Three examples of enterprise information technology are transaction processing, enterprise, and interorganizational systems
Answer:
$3 loss
Explanation:
Given that
Selling value of an asset = $60
Spot price at that time = $58
The Spot price in one year = $63
So, the now the gain or loss for one year would be
= Selling value of an asset - Spot price in one year
= $60 - $63
= $3 loss
Since we have to find out for one year so we considered the price for one year i.e selling price and the spot price
