Answer: See explanation
Explanation:
September 1:
Debit Common stock $6000
Credit: Cash $60000
September 1:
Debit: Rent $1500
Credit: Cash $1500
September 3:
Debit: Cash $10000
Credit: Note payable $10000
September 3:
Debit: Cleaning Equipment $5,500
Credit: Cash $3,000
Credit: Account payable $2,500
September 4:
Debit: Supplies $4200
Credit: Cash $4200
September 10:
Debit: Cash $3500
Credit: Service revenue $3500
September 21:
Debit: Account receivable $3800
Credit: Service revenue $3800
September 23:
Debit: Account payable $2500
Credit: Cash $2500
September 28:
Debit: Bank $2800
Credit: Account receivable $2800
September 29:
Debit: Electricity expense $85
Credit: Electricity payable $85
September 30:
Debit: Wages $1950
Credit: Cash $1950
September 30:
Debit: Gasoline $275
Credit: Cash $275
September 30:
Debit Dividend $900
Credit Cash $900
Answer:
The answer is: A) a market in which buying and selling take place at prices that violate government price regulations.
Explanation:
Black markets happen when entities (individuals or businesses) engage in trading of goods and services that are prohibited by the governments. Or when the entities engage in trading activities and do not want to pay taxes from those transactions.
Exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.
<h3>What do you mean by exchange rate?</h3>
Exchange rates refer to the value of one's nation's currency over the currency of another nation.
An exchange rate can be fixed or free-floating. A fixed exchange rate is pegged to the value of other currency and a free-floating exchange rate may rise or fall due to changes in the foreign exchange market.
Thus, exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.
Learn more about the exchange rate here:
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Answer:
(B). 50 cents
Explanation:
<u>Marginal cost</u><u> is the cost incurred by producing or purchasing one more unit of an item.</u>
If Jordan buys two tacos and a medium drink, it will cost him $2 and 50 cents or 250 cents (80 + 80 + 90).
However, if he opts for the value meal of three tacos and a medium drink, that costs $3 (300 cents), then he would be purchasing one additional taco at a marginal cost of 50 cent.
Marginal cost of additional unit of taco = 300 cents - 250 cents = 50 cents.