Answer:
(a) If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1?
- supply balance January 31 + supplies expense - purchases = $700 + $950 - $850 = <u>$800</u>
(b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased?
- Insurance expense per month = $400 x 12 months = $4,800, beginning balance prepaid insurance January 1 = $2,800. This means that the insurance policy was purchased ($4,800 - $2,800) / $400 = 5 months before, this means it was purchased in <u>August, 2016</u>.
(c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable on December 31, 2016?
- wages payable on December 31, 2016 = salaries expenses + wages payable balance January 31, - paid salaries = $1,800 + $800 - $2,500 = <u>$100</u>
(d) If $1,600 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016?
- unearned service revenue on December 31, 2016 = cash received for providing services - service revenue + unearned service revenue balance January 31 = $1,600 - $2,000 + $750 = <u>$350</u>
Answer:
<em>The solution is explained in the explanation section below</em>
Explanation:
Solution:
(a) <em>In the economy there exist 100 workers. the wage of reservation to take risky job for worker 1 is $1 and $2 for worker -2. only 10 jobs is seen as risky.</em>
<em>The curve of supply is shown as upward which starts from 1, because the price of reservation for the first worker is 1 and 2 is for the second worker and it keeps going on like that.</em>
<em>The demand curve is seen as elastic in a perfect form, due to the fact that there are only 10 risky jobs.</em>
<em>The 10th worker price is $10, because is wage differential is $10</em>
<em>(b) The worker's altitude towards taking risky jobs has changed, because of the advertisement. the wage reservation is -10$ for the first worker and -$9 for the second worker.</em>
<em>Th jobs seen as risky is available are only 10</em>
<em>However, as a result of the campaign advertisement, the curve of supply moves down and the market equilibrium gets is gotten when the wage differential is -$1. most people on the daily basis dislike risk, but the market determines those risky jobs that will pay less than the safe ones. </em>
Answer:
Option (C) is correct.
Explanation:
The required proceeds:
= Amount need to be finance ÷ (1 - 7%)
= $20 million ÷ (1 - 0.07)
= $215,05,376.34 (approx)
Hence, the number of shares needed to be issued:
= required proceeds ÷ Issue price per share
= $215,05,376.34 ÷ $50 per share
= 430,108 shares (approx)
Therefore, 430,108 shares they need to issue to cover the cost of the project plus all floatation costs.
Propone dondthe demos dkkdndi
