Answer:
Lopezâs bonus expense is computed as $40,777. Therefore,
The Journal entries are as follows:
(i) On December 31,
Employee bonus expense A/c Dr. $40,777
To Bonds payable A/c $40,777
(To record the bonus due)
(ii) On January 19,
Bonds payable A/c Dr. $40,777
To Cash A/c $40,777
(To record the payment of the bonus to employees.)
Answer:
A
Explanation:
Because I don't want to be in your house.
Answer:
a. Calculate the price elasticity of supply for Aji's Chocolate Factory in February
b. Calculate the price elasticity of supply for Aji's Chocolate Factory in March
c. If Aji's Factory is nearly at full capacity of production in March, what will happen to Aji's Factory price elasticity of supply in April?
- If the company is producing at full capacity, then its price elasticity of supply will be perfectly inelastic even if the price increases. This is because any increase in price will not affect the quantity supplied because the company cannot increase it even if they wanted to.
Explanation:
price elasticity of supply = % change in quantity supplied / % change in price
It measures the proportional change in the quantity supplied that producers will make given a 1% change in the price of their product.
PES February = [(110 - 80)/80] / [(2.5 - 2)/2] = 0.375 / 0.25 = 1.5
PES March = [(140 - 110)/110] / [(3 - 2.5)/2.5] = 0.273 / 0.2 = 1.36
Answer:
See explanation section
Explanation:
October 5 Merchandise Inventory Debit $4,700
Accounts Payable - Bramble Company Credit $4,700
<em>To record the merchandise Inventory purchase on account. As the company uses perpetual inventory system, merchandise inventory becomes debit instead of purchase account.</em>
October 8 Accounts payable Debit $720
Merchandise Inventory credit $720
<em>To record the return of defective goods to Bramble Company. (Using perpetual inventory system)</em>
The turbine catches the winds energy by their propeller like blades that compresses and makes it go downward
