Answer:
The total of adjusted trial balance debit and credit side is $159 after posting the given transactions. The sheet is attached with the full working showing both of the trial balances - un-adjusted and adjusted one.
Explanation:
Following journal entries were posted in the trial balance to adjust it.
<u>Transaction a:</u>
Debit: depreciation expense $3
Credit: accumulated depreciation $3
<u>Transaction b:
</u>
Debit: salaries expense $6
Credit: accrued salaries $6
<u>Transaction c:</u>
Debit: Unearned revenue $12
Credit: Revenue $12
When unearned revenue is earned, it is removed from unearned revenue by debiting it and then it is credited to the revenue for the period.
<u>Transaction d:</u>
Debit: supplies expense $9
Credit: supplies $9
<u>Transaction e:</u>
Debit: insurance expense $15
Credit: Insurance prepaid $15
When the insurance is expired, it is deducted from the prepaid insurance by crediting it from prepaid insurance account and it is debited to insurance expense account.
Answer:
If Verizon charges an optimal two-part price thenconsumer surplus will be zero.
Explanation:
Given a competitive market the consumer surplus will be the area of the demand curve above the market price
This is, between the intersection point with Y axis and a parallel at market price. Ofter represent as a triangle
If a monopolistic company maximize profit It will decrease this consumer surplus as much as it can to gain it from itself.
First it will set price equal to his marginal revenue.
Then, if possible it will charge two tariff a fixed component and a variable component per usage This will extrac all consumer surplus in favor of the firm leaving a consumer surplus of zero.
If Verizon charges an optimal two-part price thenconsumer surplus will be zero.
Answer:
$12,500
Explanation:
Calculation for the total amount removed from Joshua’s estate in 2017
Since we were told that In 2016, Joshua gave the amount of $12,500 to his son in which in the same year which was 2017, the XYZ shares are worth the amount of $25,000 which means that the total amount removed from Joshua’s estate in 2017 will be $12,500 ($25,000-$12,500).
Answer:
The question is missing the options as given below:
A. mission statement
B. belief statement
C. goals pact
D. code of ethics
E. management pledge
The correct option is A,mission statement
Explanation:
The mission statement shows in summary form the vision,core values as well as statement of goals and objectives of an establishment.
Building the best product is the prioritized goal of Patagonia,since having the best product places it in the forefront in terms brand recognition,hence increased sales.
Core value here is ensuring no unnecessary harm is caused by way of injuries sustained in the course of pursuing its objectives.This implies that Patagonia is responsible corporate citizen in the area of complying with best practice in safety procedures.
The vision of the company is to implement solutions to environmental challenges through business inspiration.
Answer:
The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.
Explanation:
Amount eliminated from cost of goods sold in the combined income statement for year 2008.
saturn purchase merchandise from Venus at 125 % of sol cost.
sol sold inventory to saturn for $ 25,000
Amount should be eliminated from combined income statement
= $25,000*125/100
= $31,250
Therefore, The amount that should be eliminated from cost of goods sold in the combined income statement for 20X8 is $31,250.
