Answer:
C.
Explanation:
Does not directly account for the time value of money.
Please give more information!!!
Wages because employees receive wages every week
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Answer and Explanation:
The adjusting entries are shown below:
1. Accounts Receivable $13,680
To Fees Earned $13,680
(Being Accrued fees earned is recorded)
2. Supplies Expense $3,210 ($4500 - $1290)
To Supplies $3,210
(Being Supplies used is recorded)
3. Wages Expense $1,720
To Wages Payable ($1,720
(Being Accrued wages is recorded)
4. Unearned Rent $4,470 ($13,410 ÷ 3 month)
To Rent Revenue $4,470
(Being rent earned is recorded)
5. Depreciation Expense $2,280
To Accumulated Depreciation- Equipment $2,280
(Being Depreciation expense is recorded)
Answer:
The correct answer to this question is A) with the addition of 11th worker , the marginal profit ( for 11th worker ) of Rosie's flower shop would be $500.
Explanation:
Marginal profit can be defined as the additional amount of profit that a company earns because of an additional unit that had been produced.
Here we can calculate what marginal profit would be for the 11th worker as-
Workers Selling price Cost price Profit
10 $7500 (500 x $15) $4000 (10 x $400) $3500
11 $8400 (560 x $15) $4400 (11 x $400) $4000
So from the given above information we can say that if we take out the marginal profit for 11th worker it would be $500 ( $4000 - $3500 ).
