Answer:
<em>Retained Earnings = 109,909</em>
Explanation:
![\left[\begin{array}{cccc}cash&25,135&AP&67,855\\AR&43,758&NP&36,454\\inventory&172,500&Long-term&222,300\\fixed \:assets&332,300&Common\: Stock&150,000\\other \: assets&13,125&RE&110,209\\Total Assets&586,818&Total L+E&586,818\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7Dcash%2625%2C135%26AP%2667%2C855%5C%5CAR%2643%2C758%26NP%2636%2C454%5C%5Cinventory%26172%2C500%26Long-term%26222%2C300%5C%5Cfixed%20%5C%3Aassets%26332%2C300%26Common%5C%3A%20Stock%26150%2C000%5C%5Cother%20%5C%3A%20assets%2613%2C125%26RE%26110%2C209%5C%5CTotal%20Assets%26586%2C818%26Total%20L%2BE%26586%2C818%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u>First </u>
We add all the assets together. 586,818
<u>Then</u>
we add the lliabilities and common stock. 476,909
<u>Finally</u>
We use the accounting equation to solve for RE
Assets = Liab + Equity
586,818 = sum of liab and equity accounts
we know that all the accounts, except RE add to 476,909
586,818 = 476,909 + RE
586,818 - 476,909 = RE
RE = 109,909
Answer:
Financial market
Explanation:
Financial market- it is that market place where market like stock, bond, Forex etc are trading. it is responsible for proper functioning of capitalist economies.
the different type of financial market is given below
1) stock
2) Bond
3) foreign exchange
4) commodities
it is like a new resource that provide easy return for those who want to invest their extra income.
a) Yes, $67 exceeds the loss—minimizing output.
Using the MR
They will produce 9 units.
Profits per unit = $67 - $50 = $17
Total profit =
$153.
(b) Yes, $42 exceeds the loss—minimizing output.
Using the MR
They will produce 6 units
Loss per unit is = $42 - $47.50 = $5.50
Total loss = $33 (= 6 x $5.50), which is less than the total fixed cost of $60.
c) No, because $33 is less than AVC. If it did produce, the quantity will be 4—By producing 4 units, it would lose $78 [= 4 ($33 - $52.50)]. and if they didn't produce, it would lose only the total fixed cost of $60.
Answer: I)Accrued ReVenue /Service Revenue.
2.-Prepaid Expenses/ Insurance Expenses
3.No Entry
4.Prepaid expenses /depreciation expense
5.Accrued Interest payable/Interest Expenses
6.Accrued expenses/ Interest expenses.
7.Unearned expenses/ Service Revenue
Explanation:The type of adjusting entry/ the related account in the adjusting entry is given below
a)For Accounts Receivable---Accrued ReVenue /Service Revenue.
(b) For Prepaid Insurance---Prepaid Expenses/ Insurance Expenses
(c) Equipment ---- Equipment Exoenses. Equipment is a long-term asset that will not last so the cost of equipment is recorded in the account Equipment. No entry is needed in this account.
(d) For Accumulated Depreciation Equipment-----Prepaid expenses /depreciation expense
e) Notes Payable : Accrued Interest payable/ Interest Expenses
(f) Interest Payable--- Accrued expenses/ Interest expenses
(g) Unearned Service Revenue--Unearned expenses/ Service Revenue
