What is the difference between GDP and GDE

Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick invested $45,0

sineoko [7]

Answer:

Sr. No Particulars Debit Credit

1 Cash $ 45000

Owner's Equity $ 45000

Assets = Liabilities + Owner's Equity

+Cash = +Owner's Equity

+ $45000= + $ 45000

2 Equipment $ 15.000

Cash $15.000

Assets = Liabilities + Owner's Equity

+Cash + Equipment = +Owner's Equity

$45000 (- 15,000) + $15,000= $45000

$30,000 + $15,000= $ 45000

3 Cash $ 4500

Services Revenue $4500

Assets = Liabilities + Owner's Equity + Revenue

+Cash + Equipment = Liabilities +Owner's Equity + Revenue

$30,000( + 4500) + $15,000= $ 45000 + $ 4500

$ 34,500 + $ 15000= $ 45000 + $ 4500

4. Advertising Expense $ 1900

Cash $ 1900

Assets = Liabilities + Owner's Equity + Revenue - Expenses

+Cash + Equipment = Liabilities +Owner's Equity + Revenue - Expenses

$ 34,500 (- $1900) + $ 15000= $ 45000 + $ 4500 -$ 1900

$32600 + $ 15000= $ 45000 + $ 4500 - $1900

5. Supplies $ 1500

Cash $ 1500

Assets = Liabilities + Owner's Equity + Revenue - Expenses

+Cash + Equipment+ Supplies = Liabilities +Owner's Equity + R -Expenses

$32600 (-$1500) + $ 15000 + $1500= $ 45000 + $ 4500 - $1900

<h2 />

<u> Cash </u> <u> Owner's Equity </u>

<h3><u>Debit Credit </u> <u>Debit Credit </u></h3>

OE 45000

Equip 15,000 OE 45,000

R 4500 Adv Exp 1900

Supplies 1500 <u> Bal: $ 45000 </u>

<u>49500 49500</u> Balance $ 45000

Bal 31,100

<u> Expenses </u> <u> Equipment </u>

<h3>Debit Credit Debit Credit</h3>

Cash 15000

Bal 15000

Advertising 1900

Balance c/d 1900 <u> </u>

<u> Supplies </u> <u> Revenue </u>

<h3>Debit Credit Debit Credit</h3>

Cash 1500 Bal $ 1500 Cash $ 4500

Bal $ 4500

5 0

3 years ago

Which type of investment typically charges the investor the lowest fees

tino4ka555 [31]

The correct answer is Mutual Fund. The type of investment that typically charges the investor the lowest fees is the mutual fund. Mutual fund is an investment program where shareholders fund it. It is professionally managed. Because of its relatively low fees, it attracts to investors who are conscious on the value.

6 0

4 years ago

A high level of WIP can make a manufacturer vulnerable if the item’s shelf life expires before it is sold.

Bas_tet [7]

The answer is true

La respuesta

4 0

4 years ago

The customer service manager for the XYZ Fastener Manufacturing Company examined 60 vouchers and found 9 vouchers containing err

fredd [130]

Answer:

= (0.043 , 0.257)

Explanation:

p = 9/60 = 0.15

Z score for 98% confidence interval = Z0.01 = 2.33

The Confidence interval = (p + Z0.01 * sqrt(p * (1 - p) / n))

= (0.15 + 2.33 * sqrt(0.15 * (1 - 0.15) / 60))

= (0.15 + 0.107)

= (0.043 , 0.257)

6 0

4 years ago

Read 2 more answers

Among the best-known companies that use customer satisfaction surveys to evaluate service quality in various industries is:_____

belka [17]

Answer: a) J.D. Power and Associates

Explanation: As there is an undue emphasis on measuring objective output performance by companies and organizations, data is collected and analysed. This data helps measure customer satisfaction which is a major predictor of repurchase of products or services. However, customer satisfaction is to a greater extent, largely influenced by performance evaluations of product, of quality, and of value. J.D. Power and Associates, a marketing firm is well known among the best-known companies as one that uses customer satisfaction surveys to evaluate service quality in various industries. Through its automotive research, it collects consumer responses for a variety of surveys which it uses to award car models rankings.

3 0

3 years ago