The company's ending Equipment balance equals a $106,000 balance.
<h3>Ending Equipment balance</h3>
Using this formula
Ending Equipment balance= Beginning Equipment balance+New equipment- Ending Equipment balance
Where:
Beginning Equipment balance=$100,000
New equipment=$10,000
Ending Equipment balance=$4,000
Let plug in the formula
Ending Equipment balance=$100,000+$10,000-$4,000
Ending Equipment balance=$106,000
Inconclusion the company's ending Equipment balance equals a $106,000 balance.
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Answer:
The correct answer is option B.
Explanation:
A price elasticity of demand is always negative for normal goods. It indicates that the price increase causes demand to fall.
The price elasticity less than 1 means demand is less elastic or inelastic. In other words, a change in price will lead to a smaller change in demand.
Similarly, a price elasticity greater than 1 means demand is highly elastic. So a change in price will lead to a greater change in demand.
Since, afternoon shows have less elastic or inelastic demand, the theatre should charge higher price for them.
While, the evening shows are highly elastic so the theatre should charge lower price.
In this way theatre can maximize total revenue.
Answer:
A. A professional review
Explanation:
Let's use process of elimination:
A) A professional is least likely to be biased, unless they've been paid.
B) An advertisement is by the manufacturer, and thus more likely to be biased.
C) Online testimonials can also be biased, because most of them are paid.
D) The seller only wants to make money. They're going to be the most biased of the bunch, as it will hurt their chances of making money if they give you a bad opinion.
1. The missing amounts should be determined in the following manner:
On Company A. Materials inventory December 1 Materials inventory December 31-+Materi also purchased -Cost of direct materials
Off Company Total manufacturing costs incurred in December -Direct labor Cost of direct materials used in production -Factory
2. On Company's statement of goods manufactured should be prepared as follows:
On Company Statement of Goods Manufactured For the Month of December 2016 Materials inventory December 1 Add: Purchases Total
3. On Company's income statement should be prepared as follows:
On Company Income Statement For the Month of December 2016 Sales 1,127,000 827.400 299,600 Less: Operating expenses 117,600.
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Answer:
Debit insurance expense $5,200
Credit prepaid insurance $5,200
A decrease of $5,200 in the current asset,that will be charged to expense account.
Explanation:
An adjusting entry to recognize the expire portion of the insurance must be done at the year end. In this entry, we will recognize the expire portion of the prepaid insurance that was acquired on May 1.
($7,800 / 12 months = $650 x 8 months = $5,200)
The effect on financial statement is that, prepaid insurance which is a current asset will decreased by $5,200 makes the balance of the prepaid insurance decreased to $2,600 at year end.
