Answer:
C) debit Cash $540 and Service Revenue, $280, credit Accounts Receivable, $820
Explanation:
The correct journal entry should have been:
Dr Cash 820
Cr Accounts receivable 820
But since the transaction was erroneously recorded as:
Dr Cash 280
Cr Sales revenue 280
an adjusting entry is necessary for the difference:
Dr Cash 540
Dr Sales revenue 280
Cr Accounts receivable 820
This way cash account will have increased by $280 + $540 = $820, sales revenue will remain unchanged $280 - $280 = $0, and accounts receivable will decrease by $820.
Answer:
Confidence
Explanation:
For example, if you want to be a good student be confindent because one day you will succeed, Oliver has confindence knowing he can help his empolyees.
The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.
The Erie Canal:
- Was completed in 1825
- Connected New York City and the Great Lakes
- Allowed for goods to be shipped to and from the New York to the Great Lakes
The Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.
In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.
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Options for this question include:
a. Southern planters
b. Canadian fur traders
c. Midwestern farmers
d. New England fishers
Answer:
C) Invest $2500 in a risk free asset and $2500 in a stock with beta of 2.0
Explanation:
Stock that is beta 2 means that it is twice as volatile as the whole market. Meaning for example if the market is expected to move by 5% this stock will move 10%. New startup firms that are fast-growing usually have stocks in this category. It is more risky thank normal shares but no too much. We can invest $2,500 here.
We invest the remaining $2,500 in risk-free assets
This is a backup on the chance that the investment on beta 2 stocks do not perform, the risk-free assets will make up for losses.
The correct answer is monopolistic competition
