Answer:
The adjusting entry is:
Debit Depreciation Expense - Equipment $1,800
Credit Accumulated Depreciation - Equipment $1,800
To record depreciation expense.
Explanation:
The adjusting journal entry records the depreciation expense for the year and adds the expense to the accumulated depreciation account. The accumulated depreciation account is a contra account to the Equipment account. The purpose that this contra account serves is to keep the Equipment account at its cost value while the gradual write-off of its value is reflected in an opposite account.
Answer:
The current price of the stock is b. $38.62
Explanation:
Hi, in order to find the current price of the stock, first we need to find the amount paid as a constant dividend, the formula is as follows.
So, things should look like this
So the amount of constant dividend tha this company is paying is $1.12/share
Now we can find the current price using the same equation and solving for "Price",
Therefore, the current price of the stock is $38.62, that would be option b.
Best of luck:
Answer:
It will be:
a) Address and date
b) salutation
c) Body of letter.
d) Conclusion.
Explanation:
The first one is address.
The second one is one's greetings.
The third one is: one's purpose of writing the letter.
The last is the rounding up of the letter.
<span>This is a price cap regulation. Because the firm cannot go over a certain price, the price is said to be capped. Regulations like this prevent firms from overcharging their customers, and promote good business ethics. It may slow the growth of the firm, but the cost comes at the benefit of the customer.</span>
