Answer:
2. EOM Depreciation Expense 100 Accumulated Depreciation 100
Explanation:
The journal entry to record the monthly expense under straight-line depreciation is shown below:
EOM Depreciation Expense A/c Dr $100
To Accumulated Depreciation A/c $100
(Being depreciation expense is recorded)
The computation is shown below:
= (Purchase value of a fixed assets - estimated residual value) ÷ (useful life × total number of months in a year)
= ($3,750 - $150) ÷ (3 years × 12 months)
= ($3,600) ÷ (36 years)
= $100
Answer:
All workers have equal ability and can be trained to do different types of employment at minimum cost. Workers can move from one labor market to another at zero cost. All workers must have a bachelor's degree.
Explanation:
In the conventional perfectly competitive model of the labor market, wage-setting is individualistic in the sense that identical workers should receive identical wages in different firms and different workers should receive different wages in the same firm.
Answer:
Explanation:
If these two companies were to behave as individual profit maximizers, both company will advertise regardless of whether the other company advertises or not because their goal primary goal is to increase the profit and domination of the market.
Answer:
Expected Loss will be $3
Explanation:
Expected Loss can be calculated by multiplying the probabilities to Net expected outcome.
Probabilities
Prize ( $460) = 1 / 100
Prize ( $80 ) = 2 / 100
Prize ( $20 ) = 4 / 100
No prize = 100/100 - (1+2+4)/100 = 93/100
Expected value = [( 460 - 10 ) x 1/100 ] + [( 80 - 10 ) x 2/100 ] + [( 20 - 10 ) x 4/100 ] + [( 0 - 10 ) x 93/100] = 4.5 + 1.4 + 0.4 - 9.3 = -$3
Answer:
$21,800
Explanation:
The computation of 4-year revenue is as shown below:-
Bond Income of 4th Year = Face amount × Bond × 1 ÷ 2
= $500,000 × 8% × 1 ÷ 2
= $20,000
Interest Revenue = Bond Income + Amount of Discount Amortized
= $20,000 + $1,800
= $21,800
Therefore for computing the interest revenue we simply bond income with the amount of discount amortized.
