Answer:
1. T-accounts:
Accounts Debit Credit
Accounts Receivable
Balance $4,200
Service Revenue 8,400
Cash 10,200
Accounts Debit Credit
Service Revenue
Accounts Receivable 8,400
Accounts Debit Credit
Supplies
Balance $400
Accounts Payable 2,300
Balance c/d $2,700
Accounts Debit Credit
Accounts Payable
Balance $3,500
Supplies 2,300
Cash $3,700
Balance c/d $2,100
Accounts Debit Credit
Cash Account
Balance $3,400
Accounts Receivable 10,200
Advertising $1,000
Accounts Payable 3,700
Deferred Revenue 1,100
Balance c/d $10,000
Accounts Debit Credit
Advertising Expense
Cash 1,000
Accounts Debit Credit
Accounts Payable
Cash 3,700
Accounts Debit Credit
Deferred Revenue
Balance $300
Cash 1,100
Balance c/d $1,400
Explanation:
a) Data:
General Entries:
Accounts Debit Credit
1. Accounts Receivable 8,400
Service Revenue 8,400
2. Supplies 2,300
Accounts Payable 2,300
3. Cash 10,200
Accounts Receivable 10,200
4. Advertising Expense 1,000
Cash 1,000
5. Accounts Payable 3,700
Cash 3,700
6. Cash 1,100
Deferred Revenue 1,100
b) The beginning balance of each account before the transactions is:
Cash, $3,400
Accounts Receivable, $4,200
Supplies, $400
Accounts Payable, $3,500
Deferred Revenue, $300
Answer: a. 3
b. 1 and 2
Explanation:
a. Gains from trade are possible only when there are comparative advantages in production of a good. German worker takes 400 hours to produce a car and 2 hours to produce wine. While, a French worker takes 600 hours to produce cars and X hours to produce wine.
Opportunity cost of producing car for a Greman worker is
wine case
Opportunity cost of producing wine for a German worker is
Gains from trade are possible only when the French worker face a different opportunity cost than the German worker for both the goods.
Correct option is 3.
b. Germany will export cars and import wine only when it has a comparative advantage in producing cars and France has a comparative advantage in producing wine. This is possible when the opportunity cost of producing cars in Germany is smaller than that of France.
Opportunity cost of car in Germany < Opportunity cost of car in France
Therefore, when it take France less than 3 hours to produce a case of wine, Germany will import wine from France and export Cars to France.
Correct options as 1 and 2.
Plowback ratio, long-term debt ratio, return on equity are three figures must remain constant to determine a firm's sustainable growth rate
<u>Explanation:</u>
Sustainable growth is the realistically achievable extension that a company could own outwardly falling into difficulties. A firm can simply improve financial support if there are assets that can be guaranteed and if its debt-to-equity ratio is sensible concerning its production.
The decrease in dividends typically wrecks the company's stock price. ROE estimates the profitability of a company by examining net income. If the company grows outside equity or expands its debt-equity ratio, it can arise at a greater rate than the sustainable growth rate. The company would require to acquire supplementary debt or equity to obtain up for this cash flow shortfall.
For some reason i believe that iss c sorry i might be wrong
You should sturter allot or say the same word over again