If a company has five employees with annual salaries of $40,000, $90,000, $40,000, $30,000, and $80,000, respectively, what is t
inessss [21]
Mean is where you add all of the values together and then divide the total by the number of values.
After doing this, you should see this...
20,000+40,000+20,000+60,000+70,000 = 210,000
After you get this number, you divide by the number of values, in this case, 5.
210,000/5 = 42,000
Answer:
The requirement of the question is below:
Post the transactions to T accounts. (Post entries in the order displayed in the problem statement.)
The postings of the transactions to t accounts are found in the attached
Explanation:
In doing the post , I have observed strictly the rule of double that the giving account be credited and the receiving account be debited.
Also,this could be done understanding that assets ,expenses and drawings should be debited when they increase and the reverse when there is reduction.
Besides, liabilities,capital and income should be credited when they increase and the reverse for the opposite.
Check the highlighted balances as well and note that the balances are named after the side with balance brought down.
You are not maximizing utility, because the marginal utility per dollar spent renting movies is not equal to the marginal utility per dollar spent on CDs. We will maximizing utility when the consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.
Answer:
According to the straight-line depreciation, this number can be obtained by dividing the difference between an asset's cost and its expected salvage value.
<u>Depreciation</u> = Asset's Cost - Expected Salvage Value ÷ Expected Years of use
Explanation:
In the case of Tops Co., they purchase equipment for $12,000 - $500 of Salvage Value expected ÷ 5 Expected years of use
The estimated depreciation will be $2,300 for 5 years
At the beginning of the third year Tops Co. decided to use the equipment for 6 years and no salvage value.
The remaining purchase value will be $12,000 - $2,300 (x3) = $5,100
Apply again the formula described above and our answer will be:
The revised estimated depreciation is $1,700 for the remaining three years.
Answer:
True
Explanation:
The nominal GDP is divided by the real GDP to calculate GDP deflator which is used to calculate the CPI and Inflation rate. So it is true that the GDP delfator is used to calculate inflation rate.
