Answer:
short-term
Explanation:
Based on the information provided within the question it can be said that the duration of this economic condition will likely be short-term. Meaning that it will only last a small amount of time, mostly because this is a problem that needs to / and can be solved in order to increase the economic production to full potential and increase firm revenue.
Answer:
e. Dave is taxed on $72,750 of plumbing income this year.
Explanation:
Based on the information given if Dave clients make their checks payable to his son, Steve based on Dave request in which the son, Steve received checks of $72,750 on behalf of his Dad, Dave's plumbing services, the TRUE STATEMENT will be DAVE IS TAXED ON $72,750 OF PLUMBING INCOME THIS YEAR reason been that to assign income to another person is NOT EFFECTIVE for TAX PURPOSES.
Answer:The formula for calculating marginal product of labour is output/no of workers
Explanation:For each day ,you will divide the output by the number of workers to get the MPL
Day 1 = _ because no production took place
Day 2 = 60/1=60
Day 3 = 100/2 =50
Day 4 = 130/3 = 43.3
Day 5 = 150/4 =37.5
Day 6 =160/5 =32
This in in line with the law of diminishing marginal product of labour .
Answer:
Explanation: Journal Entries
Debit: Cash. $19.7m
Credit: Unearned Revenue $19.7m
Being sales of gift card for the month of December.
Debit: Unearned Revenue. $12.7m
Credit: Sales. $12.7m
Being actual gift card redeemed for the month if December.
Unearned Revenue a/c has a credit bal of $7m as unredeemed gift card. Its a liability to the company as they have the money but the cards are yet to be redeemed.
Answer:
A) Dr. Encumbrances – Office supplies No entry
Cr. Encumbrances outstanding
Explanation:
The journal entry is given below;
For Governmental fund financial statements
Encumbrances-Office Supplies $1,500
To Encumbrances Outstanding $1,500
(Being Office Supplies ordered is recorded)
For Government-wide financial statements
No journal entry is required as under the accrual accounting, no entry should be recorded until the transaction does not arise
Therefore the option a is correct