Answer:
The correct answer is letter "C": Total assets.
Explanation:
Total assets represent the total amount of assets that an individual or entity possesses to obtain a return from them. In accounting, it is obtained by subtracting the previous period total assets minus the current period total assets. They appear in the Balance Sheet of a company and is the baseline or common base item to which other line items are expressed.
Answer:
B
Explanation:
The marginal cost of producing food is $25, which is greater than the price of selling the food.
At this point the firm is incurring a loss. In order to improve profit margins, the firm should reduce the amount of meals been produced, so that profit would increase
Explanation:
a. The transaction price of the arrangement is $10,000,000
c. The journal entries are as follows:
On December 20, 2017
Accounts Receivable A/c Dr $10,000,000
To License revenue A/c $10,000,000
(Being the revenue is recorded)
On January 15, 2018
Cash A/c Dr $10,000,000
To Accounts Receivable A/c $10,000,000
(Being the payment received is recorded)
Answer:
Hend's ownership percentage after Fatima is admitted is 28%.
Explanation:
Since on Jan 1, Athari and Hend are partners with capital balances of 40,000 and 20,000 and they share profits and losses in the ratio of 3: 2 respectively, and on this date, Fatima invests 20,000 in cash for a 15 percent interest in the partnership, to determine Hend's ownership percentage after Fatima is admitted, the following calculation must be performed:
40,000 + 20,000 = 100%
100 - 15 = 85
60,000 = 85
20,000 = X
20,000 x 85 / 60,000 = X
28,333 = X
Therefore, Hend's ownership percentage after Fatima is admitted is 28%.
I'm pretty sure it's medicare tax so answer choice C
