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leonid [27]
3 years ago
10

Cullumber Company has the following balances in selected accounts on December 31, 2020.

Business
1 answer:
wolverine [178]3 years ago
4 0

Answer and Explanation:

The adjusting entries are shown below:

1. Interest expense [$11,400 × 9% × 4 ÷ 12] $342  

    To Interest payable  $342

(being accrued interest expense is recorded)  

2. Supplies expense [$2,200 - $820] $1,380  

     To Supplies  $1,380

[Being supplies expense is recorded]  

3. Depreciation expense $1,200  

     To Accumulated depreciation-Equipment $1,200

[Being depreciation expense is recorded]  

4 Insurance expense [$3,960 × 7 ÷ 12] $2,310  

          To Prepaid insurance  $2,310

[being insurance expense is recorded]  

5  Unearned service revenue $7,000  

             To Service revenue $7,000

[Being revenue from unearned is recorded]  

6 Accounts receivable $4,200  

         To Service revenue  $4,200

[Being accrued service revenue is recorded]  

7 Salaries expense [$5,400 ×  3 ÷ 5] $3,240  

          To Salaries payable $3,240

[being accrued salaries expense is recorded]

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What are some of the troubles that could occur in the economy if inflation rate got as high as 8% or 10% per year?
andrezito [222]

Answer:

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

Explanation:

The type of inflation that gets as high as 8% or 10% is called Galloping inflation.

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

4 0
3 years ago
1. The art of being a good Chemical Engineer lies in being a good mathematician, a good chemist, and a good mechanic – all simul
KengaRu [80]

Answer:

y_{oe}=0.5x+0.15\\y_{ce}=1.25x^2+0.1\\\\

for minimum cost the intersection point should be calculated i-e

0.5x+0.15=1.25x^2+0.1\\\\1.25x^2-0.5x-0.5=0\\

By using calculator

x_1=0.4828\\x_2=-0.4828

As x can't be negative so x=0.4828

It's the minimum value because as we decrease the operating cost further the capital value will increase so this is the minimum value.

Graphical solution:

5 0
3 years ago
Fox Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,150 2 1,030 3 1,520 4 1,880 a.
bonufazy [111]

Answer:

The answer is $4,221.77

Explanation:

Present value = Cash flow/(1+r)^n

where n is the number of years

Cash flow 1:

$1,150/1.11^1

=$1,036

Cash flow 2:

$1,030/1.11^2

=$835.97

Cash flow 3:

$1,520/1.11^3

=$1,111.41

Cash flow 4::

$1,880/1.11^4

=$1,238.39

Present Value of all the cash flows is

$1,036 + $835.97 + $1,111.41 + $1,238.39

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6 0
3 years ago
When McDonald's started customizing its product offerings to suit differing regional tastes, such as offering vegetarian product
bezimeni [28]

Answer:

The correct answer is (A) Localization strategy

Explanation:

It is one of the most important strategic decisions that companies make. Localization can also influence other costs such as taxes, wages, raw materials and income. Companies make location decisions infrequently, usually because demand has exceeded the current capacity of the plant or due to changes in labor productivity, exchange rate, costs or local attitudes. Companies also relocate their manufacturing facilities or services due to demographic changes or consumer demand. Location alternatives include (1) expanding an existing installation instead of moving it; (2) maintain the current sites while opening facilities somewhere else, or (3) close existing facilities and move to a new location.

The location decision often depends on the type of business. For industrial location decisions, the usual strategy is to minimize costs, although innovation and creativity can also be critical. For retail organizations or professional services, the strategy focuses on maximizing revenue. However, the warehouse location strategy can be guided by a combination of costs and speed of delivery. The objective of the location strategy is to maximize the benefit of the location for the company.

3 0
3 years ago
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seropon [69]

Answer:

True

Explanation:

Disruptive innovation refers to a technological change which adversely hampers the existing operations of an industry or it's players. For instance, the advent of USBs and compact discs affected the industry of magnetic tapes and audio cassettes.

Another latest example of disruptive innovation being Netflix which has kind of disrupted the normal operations and profitability of television channels.

Such disruptive innovators do not require to focus on outdoing competitors performance. All they need to take care of is they perform good enough to appeal and retain their customers.

7 0
3 years ago
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