Answer:
05 Dec Debit salary 650 credit bank 650
if the 30 Nov sales are paid then
Debit wages payable 260 Credit bank 260
Explanation:
to get a day's wage we take 26 /2 = 130
the five days = 130*5 = 650
Answer:
See attached file
Explanation:
Accounting Equation Formula:
Assets = Liabilities + Stockholders' Equity
The equation shows that Assets are increased by Debits and decreased by Credits, instead, Liabilities and Stockholders´ Equity decreased by Debits and increased by Credits. In the file, Debits and Credits are represented by the word increased and decreased according to if the transaction has a positive or negative effect on each element.
Answer:
Cancel his cable TV subscription and go out to dinner three fewer times each month with friends
All economic systems must answer the 3 basic questions:
1. What goods and services will be produced
2. How will the goods and services be produced?
3. Who will consume the goods and services?
Answer:
Yes, because they will net $300 per week
Explanation:
According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable
Marginal cost is the increase in cost as a result of increasing output by one unit.
total marginal cost = 1000 + 50 + 150 = 1200
Marginal revenue is the increase in revenue as a result of increasing output by one unit.
Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased