I think this is true for most people
Answer:
31 March Supplies Expense 1500 Dr
Supplies Account 1500 Cr
Explanation:
We prepare the adjusting entry at the end of the period. Here the adjusting is done at the end of the month.
Fost, we calculate the value of supplies we have.
Supplies = Opening balance + purchases
Thus, supplies account has a balance of = 500 + 1200 = $1700
During the month, we used supplies of $1500. Thus the remaining balance in supplies account at the end of the month is = 1700 - 1500 = 200
To reduce the supplies account balance and charge the value of used supplies, We debit the supplies expense account by $1500 and credit the supplies account by $1500.
Answer:
d. An index fund with beta = 1.0 should have a required return of 11%.
Explanation:
required rate of return for a market indexed portfolio = 6% + (1 x 5%) = 11%
If the required rate of return is less than 11%, the beta is lower than 1.
If the required rate of return is more than 11%, the beta is larger than 1.
If beta doubles, then the required rate of return = 6% x (2 x 5%) = 16%
Answer:
B) (i) and (iii) only
- (i) fixed costs.
- (iii) sunk costs.
Explanation:
When a competitive firm must decide whether it shuts down or not in the short run, it must only focus on the variable costs and the marginal revenue. As long as the marginal revenue ≥ variable cost, then the firm should continue to operate in the short run, at least until the market stabilizes.
The net change in the Cash account balance from these three transactions is $30,000
What is the company's net change in cash account balance?
The net change in company's cash balance is the excess of its cash inflows from sources minus its cash outflows from all sources, in other words, the net change in cash balance from the three transactions is the funds raised long-term debt issuance and the amounts paid for equipment and raw materials
net change in cash balance=$200,000-$150,000-$20,000
net change in cash balance=$30,000
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