Answer:
(B) Debit Depreciation expense and Credit Property Plant and Equipment
Explanation:
the depreciation is the accrued expense recognize for the effect on time on the firm's assets. There is no cash involve in a depreciation It is an accounting expense. So A and C cannot be coorect.
As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.
The net income is a figure which resumes the expenses and revenues of the company. It is not an account thus, it can't be debited or credited. Making E incorrect as well.
Answer: After price ceiling is implemented a shortage supply exists if the price ceiling is below the market price
Explanation:
price ceiling is wen the government imposes the maximum price that should be charged for a good or service. The effects of price ceiling depends on whether government sets the maximum price that should be charged for a good or service below or above the market price,
if the government sets the price above the market price, price ceiling will not affect the market, however if the the government sets the price below the market price price ceiling will cause changes in the quantity demanded and quantity supplied.
Please refer to the attachment, in the attachment we see a market that is in Equilibrium and operating efficiently at price P' and Quantity demanded and supply is Q'. when government sets price ceiling below the market price (below P') the quantity demanded will increase to Qdem while quantity supplied decreases to Qsup. This will cause a shortage in the market because quantity demanded is higher than quantity supplied thus creating a Dead weight loss labelled by " DWL "
The catalogue used by Pasties Inc is an example of an advertisement, not an offer.
<h3>What is an
advertisement?</h3>
This means the promotion of a product to a target audience in order to attract interest, engagement and sales.
Here, the catalogue used by Pasties Inc is an example of an advertisement, not an offer.
Therefore, the Option B is correct.
Read more about advertisement
<em>brainly.com/question/1658517</em>
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Answer:
Total cost of transferred to finished goods inventory = $ 136,500
Explanation:
To value cost of transferred finished goods, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units (EUP) for each of the cost element.
So the value of the finished inventory, is determined as follows:
Value of inventory = cost per E.U.P × number of E.U.P
Direct Material = $5.00 × 21,000 =$ 105,000
Conversion cost = $1.50 × 21,000= $31,500
Total cost of transferred to finished goods inventory =
$ 105,000 + $31,500
= $ 136,500
Is a Google Adwords Fundamental exam answer.
The correcta answer is:
determine if campaigns are meeting overall marketing and conversion goals
Explanation and more info:
http://www.certificationanswers.com/en/by-monitoring-ad-campaign-performance-an-advertiser-may-obtai....
