Answer: C. A new compound formed when nitrogen and hydrogen chemically reacted.
Explanation:
Due to the temperature increase, the atoms of both Nitrogen and Hydrogen reacted chemically with one another and formed a new compound which was still colorless but now had a strong odor as well.
This new compound is known as Ammonia with the chemical composition NH₃. It is formed when Hydrogen and Nitrogen react chemically. Ammonia is a colorless gas with a sharp strong odor.
Answer:
c. $31,000
Explanation:
Calculation for the Net self-employment income
Gross receipts $100,000
Less Cost of goods sold ($49,000)
Less Depreciation expense ($5,000)
Less Utilities($6,000)
Less Real estate taxes ($1,000)
Less Sec. 179 expense ($1,000)
Less Mortgage interest ($7,000)
Net self-employment income $ 31,000
Therefore the Net self-employment income will be $ 31,000
Answer:
C) because ultimately it is the change in a firm's overall future cash flows that matter.
Explanation:
Under capital budgeting decisions, decisions are made with respect to addressing the questions like what is the benefit of selecting the project and investing on it.
If the answer to above question is raised income, then the project is selected. Accordingly the raised income in cash terms will be measured by increase in cash flows, that is incremental cash flows.
In simplest terms additional cash flows.
Answer:
See explanation section
Explanation:
(a) December 1 Cash Debit $18,000
Unearned revenue Credit $18,000
<em>Note: The company received the money in advance for a contract to do during December to April. Therefore, they received cash while a liability increased due to receiving advance money.</em>
(b) December 31 Unearned revenue Debit $3,600
Service revenue Credit $3,600
<em>Note: As the company started performing, after the completion of 1st month, i.e., December 1 to December 31, the advance money started expiring because of providing services. Moreover, as the service is performed evenly for 5 months, the 1st month's revenue = $(18,000/5) = $3,600.</em>
