Answer:
Issued a check for $1,010 to pay the monthly rent
Account Debit Credit
Rent Expense $1,010
Bank $1,1010
Issued a $1,300 check to pay a creditor on account.
Account Debit Credit
Creditor $1,300
Bank $1,300
Purchased new equipment for $390 and paid $110 immediately by check with the remainder due in 30 days.
Account Debit Credit
Equipment $390
Bank $110
Accounts Payable $280
Provided services on credit in the amount of $860.
Account Debit Credit
Service Revenue $860
Accounts Receivable $860
Performed services for cash in the amount of $1,320.
Account Debit Credit
Service Revenue $1,320
Cash $1,320
The owner made an additional investment of $5,600 in cash and $1,050 in equipment.
Account Debit Credit
Cash $5,600
Equipment $1,050
Capital $6,650
Purchased $190 worth of supplies on credit.
Account Debit Credit
Supplies $190
Accounts Payable $190
Sent a $105 check to the utility company to pay the monthly bill.
Account Debit Credit
Utilities Expense $105
Bank $105
Collected $650 from credit customers.
Account Debit Credit
Cash $650
Accounts Receivable $650
oh..u should talk to ur teachers about it...ask them if u could take a test fr each subject and then see the final score..if u passed..u could move on...it also tho depends on your school..if ur homeschooled or u g to public or private school...
Answer:
Current ratio = 0.33 times
Acid test ratio = 0.29 times
Explanation:
• Current ratio
Current ratio = Total current assets ÷ Total current liabilities
= $875 ÷ $2,638
= 0.33 times
• Acid test ratio
Acid test ratio = Quick assets ÷ total current liabilities
Where,
Quick assets = Total current assets - Inventory
= $875 - $116
= $759
Recall total current liabilities = $2,638
Therefore,
Acid test ratio = $759 ÷ $2,638
Acid test ratio = 0.29 times
Answer:
Advertising cost tends to keep increasing compared to other endogenous sunk cost
Explanation:
Sunk cost are defined as cost that have been incurred and cannot be recovered by a business.
Prospective costs on the other hand are those ones a business anticipates it will incur in the future.
Sutton drew a distinction between advertising and other sunk cost because in a competitive market that companies find themselves advertising cost continues to increase to keep the brand visible compared to others.
Companies increasingly invest more in brand awareness.
Other endogenous sunk cost however tend to be relatively constant.
The loyalty programs are examples of segmentation by usage
rate or also known as the usage percentage. It is defined by having a specific
player of which how many number it plays. This is able to provide a benefit for
it is able to provide efficiency in high rates.