<u>Answer</u> is C. net income of the period
A is wrong because withdrawals by owners would only reduce the credit and not add anything to it.
B is also wrong since debiting the retained earnings will also decrease the equity so it will result in a net loss for the company.
Answer is C since crediting the net earning implies that the organization earned some profit which would increase the equity.
D is wrong too because the initial investment does not go to the retained earnings.
Answer:
He could afford to spend $133,411 for the device now.
Explanation:
The maximum the surgeon could afford for the device is equal to the sum of present value of the lawsuit costs that he can avoid in year 2 and year 5 which is:
+ Year 2: 600,000 * %out-of-pocket cost for the law suit = 600,000 * 10% = $60,000;
+ Year 5: 1,350,000 * %out-of-pocket cost for the law suit = 1,350,000 * 10% = $135,000.
=> The amount he can afford for the device = 60,000 / 1.1^2 + 135,000 / 1.1^5 = $133,411.
So, the answer is $133,411.
Answer:
Explanation:
Goods are tangible items that that can be bought at a price while services is defined as intangible benefits that is provided . However , they both provide value and satisfaction to the buying party
A shirt in the scenario is an example of a good as it was a tangible product that did not perish immediately.
The restaurant experience is a service as she chose to go there in order to sit and relax , in addition to buying the food stuff which could have been bought in a grocery store. The sitting and relaxing was an intangible product that expired (perish) as soon as she left the restaurant which qualifies it as a service
The correct question should have been:
Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe sources of work supplies, and present the work schedule. True or False
Answer: True.
Explanation:
A staff-level briefing is a type of meeting held for members of staff of a company, where information or instructions are been passed across from the management of the company to the members of staff. The information passed during a staff-level briefing is only meant for staff consumption.
So juices don’t drip on other food and cause cross-contamination
