Answer:
Unearned Revenue $900 (debit)
Revenue $900 (credit)
Explanation:
On 1 December Carrie's Day Care recorded Unearned Revenue of $2,700 the entry is as follows ;
Cash $2,700 (debit)
Unearned Revenue $2,700 (credit)
By end of the first month (31 December) one month`s revenue will have been earned and the unearned revenue balance decreases. The entries are as follows :
Unearned Revenue $900 (debit)
Revenue $900 (credit)
<em>Calculation : December Revenue = 1/3 × $2,700 = $900</em>
Answer:
Attached below are the graphs
Explanation:
i) The Equilibrium wage rate in the market is determined by the Intersection of the labor demand and supply curve as seen in the graph attached
ii) The Labor supply curve the firm faces is perfectly elastic in a perfectly competitive resource market
iii) The demand curve of the firm is perfectly elastic because in competitive market a slight change in price will cause a massive change in demand
iv) The firm will continue hiring as long as MRP ≥ MFC
( MRP = marginal revenue product , MFC = marginal factor cost )
The adult body should have 13 cups of water a day
Answer:
Option (B) is correct.
Explanation:
Given that,
During a period, Department B finished and transferred to Department C = 58,000 units
In Department B during the period units started = 14,000
Brought only to a stage of being 60% completed.
The number of equivalent units produced by Department B during the period was:
= Units finished and transferred from Department B to C + (Units were started in Department B × 60%)
= 58,000 units + (14,000 units × 60%)
= 58,000 units + 8,400 units
= 66,400 units
