Answer and Explanation:
The journal entries are as follows:
On May 4
Account payable $600
To cash $600
(Being cash paid is recorded)
On May 7
Account receivable $6,500
To service revenue $6,500
(being service on account is recorded)
On May 8
Supplies $800
To Account payable $800
(being supplies purchased on account)
On May 9
Equipment $1,000
To cash $1,000
(being cash paid)
On May 17
Salary expense $500
To cash $500
(being cash paid)
On May 22
Repair expense $800
To Account payable $800
(Being received bill for repairing of an equipment is recorded)
On May 27
Prepaid rent $1,100
To cash $1,100
(Being cash paid is recorded)
Answer:
$65,682.89
Explanation:
Calculation for what is the value of the investment
Using this formula
PVA = C({1 − [1 / (1 + r)t]} / r)
Let plug in the formula
Where,
C represent Investment offer =$6,200
R represent Required Return=7%
T =20 years
PVA = $6,200{[1 − (1 /( 1+.07*20 years)] / .07
PVA = $6,200{[1 − (1 / 1.07*20 years)] / .07}
PVA = $6,200{[1 − (1 / 2.14)] / .07}
PVA= $65,682.89
Therefore the value of the investment will be $65,682.89
Answer:
The correct answer is C) large U.S. balance of payment surpluses
Explanation:
At the precise moment that a country imports more than it produces, it is forced to supply that difference by acquiring bank loans; otherwise, it is necessary to lend the accumulated surpluses. Therefore, if there is a deficit within the country balance, it can be said that the behavior of the financial balance will be positive.
Answer:
Chipotle is likely to use cultural branding.
Explanation:
"Today, brands need to look more actively and purposefully at the culture buzzing around them—in entertainment, in fashion, in news, on social media—and use that awareness to inform how they should best position and integrate themselves into the world.
This is a more powerful form of branding, because by engaging with culture more directly, brands in effect can become a part of that culture, thereby deepening their relevance and connection with customers. And that has never been more prescient or necessary."
Reference: Quora. “How Do Brands Become Part Of Our Culture?” Forbes, Forbes Magazine, 10 Aug. 2018
