Based on the uses of a general journal, the best explanation of it is A journal is a complete record of each transaction in one place and includes the debit and credit of each transaction.
<h3>What is a general journal?</h3>
A general journal in a business allows for all the account balances to be recorded in one journal.
This means that it is a complete record of all the transactions that a business has been involved in which includes all the debits and credits associated with those transactions.
In conclusion, option D is correct.
Find out more on general journals at brainly.com/question/5374416.
Answer:
<h2>The Average cost usually decreases as the output expands.Hence,the answer in this case would be option c. or will always decrease as output expands.</h2>
Explanation:
- Fixed costs or expenses of production refers to those that are fixed or constant through out the production process or does not depend on the changes or adjustments in the actual output or production level.
- Some of the common examples of fixed cost of production include building rent,utility bills,land rent,insurance and interest payments.Note that these costs and expenses are fixed and unchanged and any firm or company has to pay them regardless of the production or output level.
- Now,since the average fixed cost of production is calculated by dividing the total fixed cost of production by the quantity of output produced by the firm at any particular period of time,the average fixed cost of production will decrease.As the output expands the denominator of the average fixed cost formula will increase but note that the numerator of the formula or the total fixed cost of production will always remain constant.Therefore,the average cost of production keeps decreasing with an increase in output or production level,signifying economies of scale.
Answer:
2.35 years
Explanation:
Discounted pay back period calculates the amount of years it takes to recover the amount invested from the cumulative cash flows.
Explanations on how the discounted cash flow period was calculated can be found in the attached image.
Check for the formula for discounted cash flows in the second attached image
I hope my answer helps you
Answer: The service cost component of a defined benefit pension plan is computed as the: <em><u>Present value of the change in pension liability from additional employee service. </u></em>
The service cost of a defined benefit pension plan is the change in the pension liability caused by one additional year of employee service. Also an expected return on pension plan assets does not cause an increase in the pension expense for a defined benefit plan.
