Answer:
April 1. Paid six months of rent, $4,800
Requires Deferred expense-type of adjusting entry
April 10. Received $1,200 from customer for six month service contract that began April 1.
Requires Deferred revenue-type of adjusting entry
April 15. Purchased a computer for $1,000.
Requires Deferred expense-type of adjusting entry
April 18. Purchased $300 of office supplies on account
Requires Deferred expense-type of adjusting entry
April 30. Work performed but not yet billed to customer, $500
Requires Accrued revenue-type of adjusting entry
April 30. Employees earned $600 in salaries that will be paid May 2.
Requires Accrued expenses-type of adjusting entry
Proration occurs because it is impossible to accurately estimate the future overhead costs and production activity; it is either the overhead is over applied or under applied. The variance will have to be adjusted for at the end of the financial year.
Answer:
A. -$5,000 and .95:1
Explanation:
Working capital = Current Assets - Current Liabilities
Provided current assets = $95,000
Current Liabilities = $100,000
Working capital = $95,000 - $100,000 = - $5,000
Current Ratio = 
Therefore, Current Ratio = 
Here working capital is negative $5,000
Current Ratio = 0.95 : 1
Final Answer
A. -$5,000 and .95:1
Answer:
The correct answer is option d.
Explanation:
The total economic costs include both explicit as well as implicit costs. The explicit costs are the direct costs incurred and the implicit costs are opportunity costs.
An increase in the opportunity cost will cause the total economic costs to increase. The net benefit is the difference between the total revenue earned and the total cost incurred. An increase in the opportunity cost will cause a net benefit to decrease as total costs will increase.
You divide his property by his tax. That makes 412,500 ÷ 5775 = 71.4285715286.
5775 is approx 71.4% of 412,500. The tax is approx 71.4%
To check this you multiply 71.4285714286 by 5775 which does get you 412,500
