Answer:
The cheapest alternative is: $300 a month immediately.
Explanation:
Giving the following information:
The dorm cost was $5000 for the two semesters
Jay had already paid a month after he moved into the dorm.
Jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment.
His share of the apartment rent and utilities will be $390 per month.
Each semester is 4.5 months long.
Alternative A:
One student offered to move in immediately and to pay Jay $300 per month for the eight remaining months of the school year.
Income= 300*8= 2400
Apartment rent= (3120)
Food= (3600)
Total= (4320)
Alternative B:
A second student offered to move in the second semester and pay $2500 to Jay.
Income= 2500
Dorm rent= (5000/9)*3.5= (1944)
Apartment rent= (1755)
Dorm food= 500*3.5= (1750)
Apartment food= (2025)
Total= (4974)
Alternative C:
Stay in the dorms
Dorm rent= (4444.44)
Dorm Food= (4000)
Total= $8444.44
<u>The cheapest alternative is A.</u>
Answer:
Explanation:
April 2
Dr Cash 34,830
Dr Equipment 15,540
Cr Owner's capital 50,370
April 2
no entry
April 3
Dr Supplies 830
Cr Accounts payable 830
April 7
Dr Rent expense 630
Cr Cash 630
April 11
Dr Accaunts receivable 1360
Cr Service Revenue 1360
April 12
Dr Cash 3940
Cr Unearned service revenue 3940
April 17
Dr Cash 2950
Cr Service Revenue 2950
April 21
Dr Insurance expense 150.30
Cr Cash 150.30
April 21
Dr wages expense 1280
Cr Cash 1280
April 30
Dr Supplies expense 130
Cr Supplies 130
April 30
Dr Equipment 7000
Cr Owner's capital 7000
Answer:
Date Account Title Debit Credit
Feb 13 Cash $10,975
Sales $10,000
Sales Tax Payable $975
(10000 * 9.75%)
Answer:
d. segregation of duties
Explanation:
Segregation of duties defines that when a different number of people doing their duties for the same purpose. For example a person receives an envelope of cheque and another person records in accounting system.
According to the given situation, one person who is bookkeeper prepared cash deposit and another person records the collection of journal and ledger. So, this indicates the segregation of duties
Answer:
a bitcoin economy is the answer
