Answer:
The correct option is C.
Cash 48,000
Common stock 48,000
Explanation:
When the owner of a business introduces or invests cash into his own company, it is regarded as a capital or common stock.
The cash invested is therefore recorded in the owner's equity account or as a common stock in order to the stake of the owner in the business. That is, the equity or common stock account show the amount of the assets of the company that are owned by the owner but not by the creditors.
The investment of $48,000 in Martin Consulting, Inc. by Mary Martin, the owner, implies that Martin Consulting, Inc. receives cash from the owner and this will be recorded in the Common Stock of owner.
Therefore, the account the general journal entry to be made in the book of Martin Consulting, Inc. to record this transaction is as follows:
Debit Cash for $48,000
Credit Common stock for $48,000
This will appear as follows:
<u>Particulars Dr ($) Cr ($) </u>
Cash 48,000
Common Stock 48,000
<u><em>(To record cash investment by the owner.) </em></u>
<u><em /></u>
Therefore, the correct option is C.
Answer:
$1,720
Explanation:
Total annual premium for both Karen and Mike = $400 + $600 = $1,000
If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150
We use formula FV to calculate the future value of annual payment:
= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720
I believe the answer is A.) Utilities
Answer: The marginal benefit curve is downward.
The marginal cost curve is upward
Explanation:
Unlike the marginal cost curve, whose slope is often upwards, the marginal profit curve is generally known by its downward slope.
The optimum allocation of resources to a given product will take place when these curves are used. MB = MC always.
