Answer:
a.increase in assets (Cash) and increase in owner's equity (Michael Anderson, Capital)
Explanation:
we solve this using the accounting equation
Assets = Liabilities + Equity
The cash would represent currency own by the company. That is the definition of assets. Something own by the company that either is cash or can be converted into cash in the future or help to provide an inflow of cash.
Now, as Asset increase by 15,000 the other side must also increase.
The company has no liability against the owner Thus this will be an equity account Which precisely, it represent the capital of the owners.
Answer: B - $7,150
Explanation: Standard taxation is an option by IRS to reduce an inidvidual taxable income. this is subject to an individuals filling status.
Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.
According to the above question, Phil earns $7,000 as wages plus $150 in interest income.
From the above information, Phil has a standard tax of $7,150.
Answer:
What is wrong with my car?
Explanation:
Asking the question 'what is wrong with my car' will generate alot of possible solutions which cover everything about the car, unlike other questions that are specific. Predicting the possible cause of the problem will be difficult for anyone.
The problem might be 'an empty gasoline', it might also be an 'ignition problem' etc.
Answer:
Barter syndication
Explanation:
Barter syndication is defined as a contract that exists between broadcasters like television networks, independent networks, and television syndicators. The item that is being battered is advertisement time within programs being aired.
It determines how much advertising time will be available and who will sell that time.
In this scenario advertising time is shared among various parties. The ads for Wheel of Fortune, a game show, are pre-sold to national advertisers. The rest of the advertisements for Wheel of Fortune are offered to local stations either for free or for a reduced rate.
Answer:
The cost of the units transferred out and remaining in ending inventory is $ 107,250 and $ 4,000 respectively.
Explanation:
<u>Calculation of total cost of units transferred out</u>
Units transferred out = 750+ 9500- 500 = 9,750 units
Total cost per unit = material cost per unit + conversion cost
= 7 + 4
= $11
Units transferred out = 11 * 9750 = $ 107,250
<u>Calculation of total cost of closing units</u>
Total Material cost = 7 * (500) = 2,500
Total Coversion Cost = 4 * (500*75%) = 1,500
Total cost = $ 4,000
