Answer:
See attached file
Explanation:
The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.
The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:
Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.
Stock Divided will register as Stockholders´ contributions.
Answer:
Indicating how each receivable is reported on the balance sheet:
(a) Advanced $10,000 to an employee = Other Receivable
(b) Received a promissory note of $34,000 for services performed = Notes Receivable
(c) Sold merchandise on account for $60,000 to a customer = Accounts Receivable
Explanation:
The advance to an employee is reported as Other Receivable, while the credit sale to a customer is reported as an Accounts Receivable. Finally, the promissory note received from a client for services rendered on credit is reported as Notes Receivable. This classification of receivables shows the true nature of the underlying transactions.
The correct answer to this question is that:
In a monopoly, “the monopolist
must lower the price on all units to sell one more unit of output”.
This means that in a monopoly market,
if we increase the amount of output without lowering the price, the marginal
revenue decreases. Therefore marginal revenue is indirectly proportional to
number of outputs.
In a perfect competition however, the
marginal revenue is constant to any amount of output.
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Answer:
Visitors spend a greater amount of time at portal sites than they do at most other types of Web sites, which is attractive to advertisers. TRUE
Sites conducting monetizing campaigns are unconcerned about visitor backlash. FALSE
Explanation:
The first statement is true, as portals provide a great pace for advertisers to place their ads and marketing messages. Portals are places where people come with a specific purpose (usually loosely related to the marketing niche of the advertiser), so marketing messages can be subtly placed on portal sites.
The second statement is false, because if the dissatisfied visitors stop visiting the site, it would lose its audience. If that happened, they would not be able to conduct those campaigns in the first place, as no advertiser would get the incentive to communicate marketing messages to a smaller, decreased audience.
Answer:
$4,720
Explanation:
<h2>Tricky, but EASY!</h2><h2 /><h3>The balance for <em><u>ALLOWANCE FOR DOUBTFUL ACCOUNTS</u></em> should be 2% of Credit Sales. </h3>
That is 2%(247,000)= 4,940.
<h3 />
However, there is already a balance of 220. So we must adjust it to be equal to 4,940 by adding the difference!
4,940 -220= 4,720
<h2>And the entry is</h2><h2 />
Bad debt expense 4,720
Allowance for Doubtful Accounts 4,720
<h3 />
<h3 /><h3 /><h2 /><h2 />
