Answer:
Entry for depreciation recognition:
Dr Depreciation Expense $2750
Cr Accumulated Depreciation $2750
Explanation:
Now we will add depreciation expense to the total expense which shows an increase in expenses. Likewise the accumulated depreciation will also be increased by $2750 which means it must be added to accumulated depreciated and entered as increase in the box with a positive sign.
Answer:
emailing PDF attachment when sending business or school emails
Answer: b. +3; normal
Explanation:
Income elasticity measures the responsiveness of quantity demanded to a change in consumer's income. When demand for a good increases with an increase in income, it is termed as a normal good. While, when demand for a good decreases with an increase in income it is termed as an inferior good.
Using the mid-point method,
![e_{i} = \frac{ 4 - 2}{\frac{4 + 2}{2} } * \frac{\frac{50000 + 40000}{2} }{50000 - 40000}](https://tex.z-dn.net/?f=e_%7Bi%7D%20%3D%20%5Cfrac%7B%204%20-%202%7D%7B%5Cfrac%7B4%20%2B%202%7D%7B2%7D%20%7D%20%2A%20%5Cfrac%7B%5Cfrac%7B50000%20%2B%2040000%7D%7B2%7D%20%7D%7B50000%20-%2040000%7D)
![e_{i} = \frac{2}{3} * \frac{45,000}{10,000}](https://tex.z-dn.net/?f=e_%7Bi%7D%20%3D%20%5Cfrac%7B2%7D%7B3%7D%20%20%2A%20%20%5Cfrac%7B45%2C000%7D%7B10%2C000%7D)
![e_{i} =0.67*4.5](https://tex.z-dn.net/?f=e_%7Bi%7D%20%3D0.67%2A4.5)
![e_{i} = 3.015](https://tex.z-dn.net/?f=e_%7Bi%7D%20%3D%203.015)
Therefore, income elasticity is 3 and the good is a normal good as rise in income increases demand.
The correct option is C
Ground fault circuit interrupter is an electrical device which is used in electrical wiring to disconnect a circuit when unbalanced current is detected between an energized conductor and a neutral return conductor. It is usually installed underneath the ground and it is not used for temporary electrical wiring.<span />
Answer:
Dividend - Common stock = $24000
Explanation:
The cumulative preferred stock refers to the kind of preferred stock that accrues the dividends in case the dividend on these stocks is not paid in a certain year. Such dividend is to be paid first whenever the business declares dividends in the future.
The total dividend per year on the cumulative preferred stock for M. Bramble Corporation is,
Dividend - Preferred stock = 14000 * 100 * 0.08 = $112000
The dividends in arrears at the start of 2020 = 112000 * 2 = $224000
The total dividend payable on preferred stock at the end of 2020 = 224000 + 112000 = $336000
As the dividends on preferred stock is payable before dividends on common stock, the dividends on common stocks will be,
Dividend - Common stock = 360000 - 336000 = $24000