Answer:
Life is so depressing right now so YES!!
Explanation:
Answer:
a. We have:
Four your Uncle: Debit the T-accounts under Assets (Checking) for $100; Credit the T-accounts under Liabilities (Loans) with $100.
Four Tenth National Bank: Debit the T-accounts under Assets (Loan) with $100; Credit the T-accounts under Liabilities (Deposits) for $100.
b. We have:
Four your Uncle: Debit the T-accounts under Assets (Checking) for $0; Credit the T-accounts under Liabilities (Loans) with $0.
Four Tenth National Bank: Debit the T-accounts under Assets (Loan) with $100; Credit the T-accounts under Liabilities (Deposits) for $0.
c. False
Explanation:
a. Complete the following T-accounts for your uncle and TNB before your uncle repays the loan.
Note: See part a of the attached excel for the T-accounts for your uncle and TNB before your uncle repays the loan
b. Complete the following T-accounts for your uncle and TNB after your uncle repays the loan.
Note: See part b of the attached excel for the T-accounts for your uncle and TNB after your uncle repays the loan
c. True or False: Your uncle's wealth has changed.
False, his wealth has not changed. The reason is that his assets are now zero and his liabilities or loans are also now zero.
Answer:
The Answer is A) True
Explanation:
The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits. A rational company always seeks to optimize its profit, and the relationship between marginal revenue and the marginal cost of production helps to find the point at which this occurs. The point at which marginal revenue equals marginal cost maximizes a company's profit.
Cheers!
Answer:
Total equivalent unit 86,688
Explanation:
We will use the weighted average method of valuation.
<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.
</em>
Equivalent units = Degree of completion (%) × Number of units
Item Tons Working Equivalent units
Completed unit 82,400 82,400× 100% 82,400
Closing inventory 7,416 7,416 × 60% <u> 7,416 </u>
Total equivalent unit 86,687.6