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3 years ago

8

If ________ are increased, there must be a corresponding increase in liabilities or an increase in stockholders' equity. A : acc

ounts payable B : total assets C : expected revenues D : total expenditures

1 answer:

IgorLugansk [536]3 years ago

3 0

Answer:

B : total assets

Explanation:

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Rowland & Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in Fe

bixtya [17]

Answer:

Journal entries

Feb 01

Rent Expense Debit $ 200

Cash Credit $ 200

Record payment of hanger rent for Feb

Feb 04

Cash Debit $ 800

Unearned Revenue Credit $ 800

Recording of cash received in advance

Feb 7

Cash Debit $ 900

Service Revenue Credit $ 900

To record service revenue received in cash

Feb 10

Salaries and wages Debit $ 1,200

Cash Credit $ 1,200

To record salaries paid for services received in February

Feb 14

Advertisement expenses Debit $ 100

Cash Credit $ 100

To record payment of advertisement expenses

Feb 18

Cash Debit $ 500

Accounts Receivables Debit $ 1,200

Service Revenue Credit $ 1,700

To record services provided on cash and on credit

Feb 25

Supplies Inventory Debit $ 1,350

Accounts Payable Credit $ 1,350

Recording of purchase of supplies for future use on credit

The preliminary net income for February is $ 1,100

The net profit margin is 42.3 %

Explanation:

Computation of net income and net profit margin

Revenues ( $ 900 + $ 1,700 ) $ 2,600

Expenses ($ 200 + $ 1,200 + $ 100 ) <u>$ 1,500</u>

Net Income $ 1,100

Net profit margin = Net income / Revenues

Net Profit margin = $ 1,100/ $ 2,600 = 42.3 %

The other entries for collections made on Feb 04 for services to be performed next month and the purchase of supplies to be used in the future are not to be considered in revenues and expenses as they do not pertain to the current month

5 0

4 years ago

When a government subsidy is granted to the sellers of a product, buyers can end up capturing some of the benefit because

matrenka [14]

Answer:

The market price of the product will fall in response to the subsidy.

Explanation:

buyers can end up capturing some of the benefit because the market price of the product will fall in response to the subsidy. the market price of the product will rise in response to the subsidy.

5 0

2 years ago

Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins

HACTEHA [7]

Answer:

12.55 days

Explanation:

<em><u>Provided information </u></em>

Number of employees 2

Average production time=1.8 days

Standard deviation=2.7 days

Inter-arrival time= 1 day

Coefficient of variation= 1 day

Standard deviation of inter-arrival time= 1 day

The coefficient of variations

<u>Inter-arrival coefficient of variation </u>

$C_{vi}=\frac {\sigma}{T}$ where $\sigma$ is standard deviation of inter-arrival time, T is inter-arrival time and $C_v$ is coefficient of variation of inter-arrival time

$C_{vi}=\frac {1 day}{1 day}=1$

<u>Production time coefficient of variation </u>

$C_{vp}=\frac {2.7}{1.8}=1.5$

<u><em>Total utilization time </em></u>

$U=\frac {T}{n*T_i}$ where T is the time of production, n is number of employees, U is utilization, $T_i$ is inter-arrival time

$U=\frac {1.8}{2*1}=0.9$

Therefore, utilization time by 2 employees is 0.9

<u>Expected average waiting time </u>

$T_e=(\frac {T}{n*T_i})*0.5(C_{vi}^{2}+C_{vp}^{2})*(\frac{U^{\sqrt{2(n+1)}-1}}{1-U})$

Where $T_e$ is expected average waiting time and the other symbols as already defined

Substituting 1.5 for $C_{vp}$ , 1 for $C_{vi}$ , 0.9 for U, 2 for n, 1 for $T_i$ and 1.8 for T

$T_e=(\frac {1.8}{2*1})*0.5(1^{2}+1.5^{2})*(\frac{0.9^{\sqrt{2(2+1)}-1}}{1-0.9})$

$T_e=0.9*1.625*8.583709=12.55367 days$ and rounding off to 2 decimal places we obtain 12.55 days

Therefore, expected duration between order received and beginning of production is approximately 12.55 days

4 0

3 years ago

Muddy's bakery and lily's sweet shop both sell cupcakes. the market price of one chocolate cupcake is $2.50. muddy's is willing

defon

The total producer surplus for the two firms is : $1.60

($2.50 - $1.65) + ($2.50 - $1.75) = $1.60

6 0

4 years ago

Read 2 more answers

How is a 401k different from an individual retirement account (IRA)?

LuckyWell [14K]

A 401(k) is a good long-term investment strategy hope it helps

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2 years ago