Answer:
a.
Date Account Details Debit Credit
Cash $27,000
Common Stock $27,000
b.
Date Account Details Debit Credit
Land $9,000
Notes Payable $9,000
c.
Date Account Details Debit Credit
Vehicles $18,000
Cash $2,000
Notes Payable $16,000
d.
Date Account Details Debit Credit
Vehicles $800
Cash $800
e. This does not require a journal entry as it is a personal transaction.
TRUE
If the society wishes to reduce overall pollution by certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden. This is because it will not lead to overall burden on the small firms. If large firms and small firms were to reduce the pollution burden on same rate then it will be very costly for the smaller firms to bear that and it will be a burden of cost on smaller firms.
Answer:
You cant change your name unless you message the mods and say it has personal information or give them a reason y you want to change it. Same i wish I changed mine. lol
Explanation:
Answer:
Correct option :a. The daughter must recognize the income because she owned the stock when the dividend was declared and she received the $2,000.
Explanation:
Based on the information given we were told Darryl gave 1,000 shares of stock to his daughter in the month of September 29, 2019 in which Darryl daughter also received the amount of $2,000 dividend on October 18 of the same year which means that Darryl daughter have to recognize the income reason been that the daughter owned the common stock when the dividend was been declared and she as well received the amount of $2,000.
Answer:
c- 1.15 units.
Explanation:
This can be calculated as follows:
Expected price at 10 percent = $5 * 10% = $0.5
Expected price at 90 percent = $2 * 90% = $1.80
Total expected price (EP) = $0.5 + $1.80 = $2.3
Since profit is maximized when EP = MC, we have:
2.3 = 2Q
Q = 2.3 / 2 = 1.15
Therefore, OJ should produce 1.15 units to maximize expected profit. The correction is therefore c- 1.15 units.
