When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is?

In 2019, Jamie earns $7,000 in net investment income and incurs $12,000 of investment interest expense. What is the maximum amou

Katen [24]

Answer:

nothing to be carried forward to next year $7,000 deductible this year;

Explanation:

Investment income is a return on the investment. Interest Expense is the amount of interest paid on the investment amount taken as a loan. The maximum amount to be adjusted as an expense against investment income is the amount of Investment income. Expenses no more than investment income will be adjusted. Nothing to be carried forward to next year.

8 0

3 years ago

MC Qu. 166 Joe Jackson opened Jackson's... Joe Jackson opened Jackson's Repairs, Inc. on March 1 of the current year. During Mar

____ [38]

Answer:

D. $ 10,300

Choice D is correct: Net income = $ 10,300

Explanation:

Cash Received = $ 16000

Less Rent Paid= ( $ 2000)

Add income = $ 3000

Less Salaries for the month of March = ($ 6200)

Less utilities paid ($ 500)

Net income= $ 10,300

Treatments.

Net income is found by deducting expenses from revenues earned

$ 100,000 is the retained earnings so it is not accounted for net income.

Equipment is an asset so it is not accounted for net income.

Cash received is the revenue so it is accounted.

Rent is an expense account so it is subtracted.

Income for service $ 3000 provided is also taken into account on matching principle basis.

Advance received will be adjusted when the services will be rendered on matching principle.

6 0

3 years ago

Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost, AVC, and average cost, AC,

zloy xaker [14]

Answer:

AFC = $\frac{TFC}{q}$

MC = $\frac{d}{dq}$ TC

AVC = $\frac{TVC}{q}$

AC = $\frac{TC}{q}$

Explanation:

The cost function is given as $C=9+q^{2}$ .

The fixed cost here is 9, it will not be affected by the level of output.

The variable cost is $q^{2}$ .

AFC = $\frac{9}{q}$

MC = $\frac{d}{dq}$ TC

MC = $\frac{d}{dq}$ $C=9+q^{2}$

MC = 2q

AVC = $\frac{TVC}{q}$

AVC = $\frac{q^2}{q}$

AVC = q

AC = $\frac{TC}{q}$

AC = $\frac{[tex]C=9+q^{2}$ }{q}[/tex]

AC = $\frac{9}{q} +q$

3 0

3 years ago

Instead of assigning access for each user account individually, ________ is a more efficient and easier-to-manage approach. Cent

katovenus [111]

Answer:

Role-Based Access Control (RBAC)

Explanation:

Instead of assigning access for each user account individually, Role-Based Access Control (RBAC) is a more efficient and easier-to-manage approach.

In computer systems security, role-based access control or role-based security is an approach to restricting system access to authorized users. It is used by the majority of enterprises with more than 500 employees, and can implement mandatory access control or discretionary access control.

Hence, access need not be assigned for each user individually.

4 0

3 years ago

There are 11 truths in menu writing. These should be followed and in many case

Sveta_85 [38]

Quantity. Amounts and weights must be accurate. ...
Quality. The stated quality must be accurate. ...
Price. The price must be accurate and not misleading. ...
Brand Names. ...
Product Identification. ...
Point of Origin. ...
Merchandising Terms. ...
Means of Preservation.

7 0

1 year ago