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3 years ago

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The interest rate for this lease is 11%. the payments are due on december 31 of each year. the first payment was made on decembe

r 31, 2018. the normal cash price for this type of equipment is $145,000 while the cost to perry was $124,000.

1 answer:

Artist 52 [7]3 years ago

4 0

So what is the question? This is just a statement.

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Jlenok [28]

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Critical-thinking and strategy-based learning behaviors.

Explanation:

According to the information provided, Tabitha is using critical-reading techniques, and she is reflecting on what she's learned, which would be a strategy to learn something.

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A ___________ is established when an individual confers legal title to property to another person or institution to manage the p

swat32

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personal trust

Explanation:

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3 years ago

The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting e

hjlf

Answer: The general journal is used to post all accounting entries.

Explanation:

The general journal is the journal where all company transactions are recorded in. In other words, a general journal is the book of original entry where bookkeepers and accountants record business transactions according to the date the transactions take place.

It is the initial place where transactions are recorded, every page in the journal is divided into columns for dates, debit or credit records, serial numbers etc. Some companies keep specialized journals, such as sales journals or purchase journals, which records only a particular type of transactions. When a transaction has been recorded in the general journal, the amount is then posted to the appropriate accounts.

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3 years ago

Read 2 more answers

The stockholders’ equity section of Blue Spruce Corp.’s balance sheet consists of common stock ($8 par) $1,104,000 and retained

Ne4ueva [31]

Answer:

Only the retained earning changed from $460,000 before the dividend payment to $211,600 after the dividend payment. The total shareholders' equity remain at $1,564,000 before and after the dividend payment.

Explanation:

Note: The two questions (a) and (b) in the question are the same and they just one question which is answered as follows:

Before dividend payment

Common Stock = $1,104,000

Shares outstanding = $1,104,000 ÷ 8 = 138,000

Retained earning = $460,000

Total Stockholders' Equity = $1,104,000 + $460,000 = $1,564,000

After Dividend

Shares outstanding = 138,000 + (138,000 × 10%) = 138,000 + 13,000 = 151,800

Common Stock = $1,104,000 + (13,800 × 8) = $1,104,000 + $110,400 = $1,214,400

In excess of par value = 0 + (13,800 × 10) = $138,000

Total Paid-In Capital = $1,214,400 + $138,000 = $1,352,400

Retained Earnings = $460,000 - (13,800 × 18) = $460,000 - 248,400 = $211,600

Total Stockholders' Equity = $1,352,400 + $211,600 = $1,564,000

Concluding Note

From the above, only the retained earning changed from $460,000 before the dividend payment to $211,600 after the dividend payment. The total shareholders' equity remain at $1,564,000 before and after the dividend payment.

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3 years ago

The increase in total revenue that results from selling one more unit of output is A. marginal revenue. B. average revenue. C. m

egoroff_w [7]

Answer:

(i) Option (A) is correct.

(ii) Option (A) is correct.

Explanation:

(i) Marginal revenue refers to the change in total revenue obtained from the sale of an extra unit of a commodity. It is calculated by differentiating total revenue with respect to output. It is shown as:

$Marginal\ revenue=\frac{dTR}{dq}$

where,

TR = Total revenue

q = output

(ii) In a perfectly competitive market, price is equal to both average revenue and marginal revenue. Since, firms in a competitive market are not required to reduce the price of their product for selling more number of units. Hence, the average revenue remains the same at all the level of output. That's why average revenue in equal to the price under perfect market conditions.

Therefore, every additional unit of an output is sold at a same price, so the marginal revenue obtained from an extra unit is constant and hence, price is equal to the marginal revenue.

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3 years ago