B. Helps keep track of the execution of recursive and non recursive programs
Answer:
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $3,000
To Interest payable A/c $3,000
(Being interest is recorded)
The computation of the interest expense is shown below:
= Principal × rate of interest × number of months ÷ total number of months in a year
= $125,000 × 6% × (4 months ÷ 12 months)
= $2,500
The four-month is calculated from the September 1 to December 31
Answer:
Liabilities
Explanation:
'Liquidity' is described as the 'asset's property of being able to be sold without affecting its value or the degree to which it can be easily converted into cash.' If the liquidity ratio of a company is high, then its ability to pay off its current liabilities is high as well. Therefore, the company can pay off the debtors with immediate effect and thus, it would be able to meet its short-term financial commitments. This is the key reason for people's high investments in the companies having a higher liquidity ratio as they analyze the debt paying capability of the company first.
Answer:
A. becomes positive once the value of the next best use of resources used in production is included
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit is total revenue less total cost.
If in the short run firms are earning economic profit, in the long run firms would enter into the industry and this would drive economic profit to zero. While economic profit is zero, accounting profit would be postive. So the firm would still be earning accounting profit.
I hope my answer helps you
Answer:
$200 persons
Explanation:
Total variable cost per person:
= Dinner (per person) + Favors and program (per person)
= $14 + $7
= $21
Total fixed cost:
= Band + Rental of ballroom + professional entertainment during intermission + Tickets and advertising
= $1,800 + $1,100 + $2,000 + $700
= $5,600
Price = $49
Contribution = Price - Total variable cost per person
= $49 - $21
= $28
1. Break-even point for the dinner-dance:
= Total fixed cost ÷ Contribution margin per unit
= $5,600 ÷ $28
= $200 persons