Answer:
3, 1, 4, 2
Explanation:
The adjustment are required so that any change in any account would be recorded in the books of accounts
The steps to record the adjustments is as follows
3. Determine the accounts requiring adjustment, using the unadjusted trial balance. Like supplies, insurance, rent, etc
1. Record the adjusting entries in the journal. Like supplies, insurance, rent, etc
For example, the adjusting entry for supplies account is
Supplies expense A/c Dr XXXXX
To Supplies A/c XXXXX
(Being the supplies expense is recorded)
4. Post the adjusting entries to the general ledger.
2. Prepare an adjusted trial balance to check the equality of the debits and credits. It includes all the adjusting entries that are recorded and the trial is always matched.
Answer:
a. Do nothing at all.
Explanation:
Since, the government knows that the price is higher than it would be in the presence of competition, it believes that such profits are crucial to incentivizing innovation in the high-tech industry, a policy goal of the government shall be to leave it alone.
The government has four potential policy paths to pursue when faced with a monopoly or powerful oligopoly
Answer:
Explanation:
Price Per Unit for FE = Selling price - Variable price = 260-186 = $74
Price Per Unit for MB = 365.80-269.88 = $95.92
Price Per Unit for WP = 181.40-127.44 = $53.96
Price per Minute for FE = 74/5.20 = $14.23
Price Per Minute for MB = 95.92/7 = $13.70
Price Per Minute for WP = 53.96/4 = $13.49
The least profitable unit per minute is WP ($13.49 per minute) or $53.96 per unit. So the answer is C
Answer:
$0
Explanation:
There is no reason why Carey Company should increase their land account in 2015. As long as the company owns the land they should not modify the land account, since land doesn't depreciate. Even if they build something new on the land site, that will increase the land improvements account or buildings account, not the land account.
If they decide to sell the land then the original purchase value will serve as the basis for calculating capital gains taxes.
