Ask question

Ask question

All categories

mihalych1998 [28]

3 years ago

14

Closing entries may be prepared from all of the following except

1 answer:

AlexFokin [52]3 years ago

6 0

Answer:

The correct answer is B) Balance sheet.

Explanation:

The balance sheet is a statement of a company's financial position at a specific time, such as at the end of the month, quarter or year. The balance sheet shows the assets and lists the responsibilities, creating a statement of what the business owns and owes.

You might be interested in

Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s

Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

$n=1,300 +(0.3*900)\\n=1,570\ units$

Since the company purchases each pet bed for $40, total budgeted purchases are:

$P=\$40*n=\$40*1,570\\P=\$62,800$

Garfield Corp's total budgeted purchases for March are $62,800.

6 0

3 years ago

Formulator and implementer styles are essential to strategic management for all of the following reasons except A) Creating whol

marishachu [46]

C. maintaining the organization without any changes of primary importance

8 0

3 years ago

Read 2 more answers

After graduating with his MBA and returning from his trip to find no shoes from

lukranit [14]

Answer:

ooooooooooooooooooooooo

4 0

3 years ago

It is important to shop around for credit because banks and financial institutions?

Nat2105 [25]

Number 2 charge different fees

3 0

3 years ago

Read 2 more answers

The cob Douglas production function is given by Q(K,L)=AK^1.4*L^1.6

Alexeev081 [22]

Part a) The Cob Douglas production function is given as:

$Q(K,L)=AK^{1.4} L^ {1.6 } .$

To show that this function is homogeneous with degree 3, we introduce be a parameter, t.

$Q(tK,tL)=A(tK)^{1.4} (tL)^ {1.6 } .$

Using properties of exponents, we on tinder:

$Q(tK,tL)=At^{1.4}K^{1.4} t^ {1.6 }L^ {1.6 } .$

This implies that:

$Q(tK,tL)=t^{1.4} \times t^ {1.6 }(AK^{1.4} L^ {1.6 } )$

$Q(tK,tL)=t^{1.4 + 1.6}(AK^{1.4} L^ {1.6 } )$

Simplify the exponent of t to get;

$Q(tK,tL)=t^{3}(AK^{1.4} L^ {1.6 } )$

Hence the function is homogeneous with degree, 3

Part b) To verify Euler's Theorem, we must show that:

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L}=3AK^{1.4}L^{1.6}$

Verifying from the left:

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =K(1.4AK^{0.4} L^{1.6}) + L(1.6AK^{1.4} L^{0.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =1.4(AK^{1.4} L^{1.6}) + 1.6(AK^{1.4} L^{1.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =(1.4 + 1.6)(AK^{1.4} L^{1.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =3(AK^{1.4} L^{1.6})$

Q•E•D

8 0

3 years ago