Answer:
Dr Depreciation Account 5,000
Cr suspense Account 5,000
Explanation:
Based on the information given if the amount of Rs.5,000 which was written off as depreciation on furniture has not yet been debited to depreciation account the appropriate Journal entry to rectify the transaction is :
Dr Depreciation Account 5,000
Cr suspense Account 5,000
(Being to rectify the amount of Depreciation not debited in depreciation account now recorded)
Answer:
Given these facts, which state would you expect the price of prostitution services to be higher? Why?
- Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.
Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
- Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.
Answer:
a. a majority of both shareholders and directors must approve.
Explanation:
Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy
- The Board of directors first have to propose a resolution regarding disposition which has to be approved
- Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
- Such approval must be obtained by majority of the votes cast in it's favor.
In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.
Answer:
$429,650
Explanation:
Cost of Mineral Mine $3,700,000
Less: Ascribed Land Value <u>$395,000</u>
Depletionable Value <u>$3,305,000</u>
No of units can be extracted from Mine = 10,000,000 units
No of units Sold = 1,300,000 units
Depletion Value = $3,305,000/10,000,000 * 1,300,000
Depletion Value = $429,650
Answer:
D.
Explanation:
PERT and CPM are network planning techniques.
PERT means Program Evaluation and Review Technique.
CPM means Critical Path Method.
The six steps more common to PERT and CPM are:
-Define the project and identify each activity.
-Develop relationships among the activities.
-Draw the network connecting all of the activities.
-Adding time and/or cost estimates to each activity.
-Compute the longest time path through the network. This is called the critical path.
-Use the network to help plan, schedule, monitor and control the project.
