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Lady_Fox [76]
3 years ago
5

Selected transactions from the journal of Monty Corp., are presented below:

Business
1 answer:
iogann1982 [59]3 years ago
7 0

Answer:

Aug. 1 Cash 37,800

Common Stock 37,800 (Investment of cash for stock)

Dr.Cash                  37,800

Cr. Common stock 37,800

10 Cash 17,010

Service Revenue 17,010 (Received cash for services performed)

Dr. Cash                     17010

Cr. Service Revenue 17010

12 Equipment 31,500

Cash 5,040

Notes Payable 26,460 (Purchased office equipment for cash and notes payable)

Dr. Office Equipment  31500

Cr. Cash                       5040

Cr. Account Payable   26460

25 Account Receivable 10,080

Service Revenue 10,080 (Billed clients for services performed)

Dr. Account Receivable   10080

Cr. Sales                            10080

31 Cash 5,544

Accounts Receivable 5,544 (Receipt of cash on account)

Dr. Cash                          5544

Cr. Account Receivable 5544

T account are prepared in the attached MS Excel File, Please find that.

Download xlsx
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shtirl [24]

Answer:

B is the correct option.

Explanation:

In theory, the perfect market is the structure in which all the firms sell identical products,They all are price takers, the market share doesn't influence the prices, firms can enter or exit the market without cost and resources are perfectly mobile. No markets are in the sphere of the perfect competition model. so they are classified as imperfect. The imperfect and perfect market is the outcome of post-classical economic thought of the Cambridge tradition.

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Producer surplus is:
Elena L [17]

Answer: Option (d) is correct.

Explanation:

Producer surplus is associated with the producer of a good. Graphically, producer surplus is the area between the upper portion of supply curve and equilibrium price level. Producer surplus is also defined as the difference between the price at which sellers are willing supply and the actual price they received.

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3 years ago
Suppose you invest $ 4 comma 000 today and receive $ 9 comma 250 in five years. a. What is the internal rate of return​ (IRR) of
Dovator [93]

Answer:

IRR is 18.25%

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Explanation:

The formula for IRR in excel is :irr(values)

The formula can be applied to the cash outflow of $4,000 and cash inflow of $9,250 in five years' time as follows

Years                Cash flow

0                       -$4,000

1                          $0

2                          $0

3                           $0

4                            $0

5                          $9,250

irr(-$4000 to $9,250)

irr is 18.25%

The amount of receivable each year can be computed using pmt formula in excel

=pmt(rate,nper,-pv,fv)

rate is the irr of 18.25%

pv is -$4000

fv is the future amount 0f $9,250

=pmt(18.25%,5,-4000,9250)

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