Answer:
Utility expense Dr. $200
Accounts payable Cr. $200
(To record the entry for electric expense)
Explanation:
Given the amount of the invoice = $200
The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.
Thus, below is the entry as on 30th November.
Utility expense Dr. $200
Accounts payable Cr. $200
(To record the entry for electric expense)
Answer:
Explanation:
Step 1 – Locating and Defining Issues or Problems. ...
Step 2 – Designing the Research Project. ...
Step 3 – Collecting Data. ...
Step 4 – Interpreting Research Data. ...
Step 5 – Report Research Findings.
Answer:
ELASTIC
DECREASING PRICE
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
The demand for your parking lot spaces is elastic. if the price of parking is reduced, the demand for parking would rise
Answer:
B- The average shearing strength of all rivets manufactured must be between 1001.4 and 1006.2.
Explanation:
The company manufactures rivets and it want to analyze the strength of the rivets manufactured. For this purpose the company has carried out hypothesis testing in which the confidence interval resulted to be 1001.4, 1006.2, this indicates that the average strength of each rivet must be between the two values.
Answer: $240,000
Explanation:
An intangible asset is an asset which lacks physical substance. While physical assets include assets like buildings, machinery and financial assets like government securities, the intangible assets are hard to evaluate and they include copyrights, patents, trademarks, franchises, goodwill, and trade names.
From the information provided in the equation, copyrights is $240,000 which is an intangible asset. Therefore, in Randolph's balance sheet, intangible asset should be written as $240,000.
