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Anna11 [10]
3 years ago
10

Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're

making those decisions, and the goods or services being exchanged. For example, think about a wedding celebration. Which of the following wedding-related items are services? Check all that apply. Having a wedding gown altered The food at the reception Flowers for a wedding reception Getting your hair done for a wedding
Business
1 answer:
algol133 years ago
8 0

Answer:

Having a wedding gown altered

Getting your hair done for a wedding

Explanation:

A service is rendered when there is no exchange of physical goods between the buyer and seller

When a wedding gown is altered and when my hair is done, there is no exchange of a physical good

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In the northern colonies, cities sprang up
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Huggins Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 830 2 1,150 3 1,410 4 1,550 I
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Answer:

$4,013.10.

$3,329.54.

Explanation:

If discount rate is 8%

PV of Cash Flows :

($830 / 1.08^1) + ($1,150 / 1.08^2) + ($1,410 / 1.08^3) + ($1,550 / 1.08^4)

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$4,013.10

If discount rate is 16%

PV of Cash Flows :

($830 / 1.16^1) + ($1,150 / 1.16^2) + ($1,410 / 1.16^3) + ($1,550 / 1.16^4)

$715.52 + $854.64 + $903.33 + $856.05

$3,329.54.

7 0
3 years ago
On May 20, the board of directors for Auction declared a cash dividend of 50 cents per share payable to stockholders of record o
AleksandrR [38]

Answer:

May 20

No Entry

June 14

Dr. Dividends               $255,000

Cr. Dividend Payable  $255,000

July 14

Dr. Dividend Payable  $255,000

Cr. Cash                       $255,000

July 31

Dr. Retained Earnings $255,000

Cr. Dividend                 $255,000

Explanation:

Dividend = $0.5 x 510,000 = $255,000

May 20

Dividend is declared, No entry is required

June 14

Dividend to be recorded on this date. As  dividend is not paid yet so it will be recorded as payable and on the other hand dividend account is debited to make a contra capital account of dividend.

July 14

Dividend is paid as cash is paid so, it will be credited and the liability is reduced so, it will be debited.

July 31

At the end of the period we have to adjust the Dividend Contra capital account in retained earning to make the dividend account zero.

8 0
3 years ago
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