Answer:
(a) To record the repair to the transmission on one of its delivery vans, the resulting journal entry is:
(Dr) Repairs and Maintenance Expense, $2,300
(Cr) Cash, $2,300
The repair of the transmission is an expenditure that returns the vehicle to its previous operating condition. The repair results in an increase to Repairs and Maintenance Expense (an increase to an expense is a debit) and a decrease to Cash (a decrease to an asset is a credit).
(b) To record the installation of a GPS system in one of its delivery vans, the resulting journal entry is:
(Dr) Delivery Van, $450
(Cr) Cash, $450
The installation of the GPS system is a permanent addition to the van that has increased its capability and should be capitalized. The addition results in an increase to Delivery Van (an increase to an asset is a debit) and a decrease to Cash (a decrease to an asset is a credit).
If total utility is decreasing, then marginal utility is negative
Answer:
Give me a sec. Imma solve it out.
Explanation:
When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in return, the property transferred is a(n) gift.
Gift:
A gift or a present is something offered to someone without expecting anything in return. It is not a gift if the person receiving it already owns the thing. Although reciprocity may be expected in gift-giving, a present is intended to be gratuitous.
What is Taxpayer?
A taxpayer is a person or entity who is required to pay taxes. Modern taxpayers may have an identification number, which is a reference number issued by the government to individuals or businesses. The phrase "taxpayer" often refers to someone who pays taxes. A taxpayer is an individual or company who is required to pay municipal or government taxes agencies.
To learn more about Taxpayer
brainly.com/question/26479536
#SPJ4
Answer:
equal to 1
Explanation:
Beta refers to a coefficient that denotes the degree of responsiveness of security returns with respect to that of market return. Beta is calculated as,
=
which further means, beta is equal to deviation (risk) in security return w.r.t deviation (risk) in market return.
Beta is a measure of systematic risk which is, the market related risk to which whole of stock market is exposed to. Examples of systematic risk would be, change in the inflation rate, political instability, change in state of economy such as boom or recession, etc.
Systematic risk is not a company specific risk and thus, such a risk cannot be eliminated by a company via diversification of investments.
Thus, for a security whose systematic risk is equal to that of the market , it's beta will be equal to one which means the magnitude by which, the market falls or rises, the stock shall also fall or rise by the same margin. It also means the same direction of movement i.e if market rises, stock price would rise by same proportion and vice versa.