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:
$36 Billion
Explanation:
Given:
GDP = $65 billion
Interest payments = $15 billion
Imports = $13 billion
Profits = $7 billion
Exports = $15 billion
Rent = $7 billion
Wages = ?
Computation of Wages:
GDP from Income Method:
GDP = Interest payments + Wages + Rent + Profits
$65 billion = $15 billion + Wages + $7 billion + $7 billion
$65 billion = Wages + $29 billion
$65 billion - $29 billion = Wages
Wages = $36 Billion
Answer: Not Sound as Company does not benefit as a Whole.
Explanation:
This question alludes to the presence of Divisions in a company tasked with producing different segments of a good.
One Division makes a segment of the good and transfers it for a price to the other division so that they may be able to show Revenue on their books.
The reasoning of the CEO of Lexington is flawed because if she chooses the highest feasible Transfer Fee for the goods it will be good for the Division doing the Transferring because they make more revenue.
However, it will increase the cost of those being transferred to by the same amount that it increase the revenue of the Division transferred from.
As a result, the increase in Cost and the Increase in Revenue in the two divisions will cancel each other out meaning that the company did not benefit.
Answer:
Portfolio return = 0.035 or 3.5%
Explanation:
The portfolio return is a function of the weighted average of individual stocks' returns that form up the portfolio. The formula to calculate the portfolio return is as follows,
Portfolio return = wA * rA + wB * rB + ... + wN * rN
Where,
- w represents the weight of each stock in the portfolio
- r represents the return of each stock
First we need to calculate the investment of each stock,
Abbott = 200 * 50 = $10000
Lowes = 200 * 30 = $6000
Ball = 100 * 40 = $4000
Portfolio return = (10000 / 20000) * -0.10 + (6000/20000) * 0.20 +
(4000/20000) * 0.125
Portfolio return = 0.035 or 3.5%
Answer:
marginal product of labor = 5 widgets per hour
Explanation:
In order to maximize profits, the firm must produce the output quantity where marginal revenue = marginal cost. In this case, the marginal revenue is $2, so the marginal cost must also be $2.
If hiring the last widget maker costs $10 per hour, and the marginal cost per widget is $2, then the worker must be able to produce 5 widgets.
