Answer:
See below.
Explanation:
Journal entries to record the transaction are as follows,
Debit Computer account with $3,432
Debit Accumulated depreciation account with $18,720
Credit Truck account with $20,800
Credit Cash Account with $520
Credit profit on sale of asset with $832
This the journal entry that balances the books by targeting appropriate accounts.
Note that accumulated depreciation account has a credit balance as it is an asset reducing account.
Hope that helps.
Answer: Option C
Explanation: Media houses collect their revenues from the corporations who wants to use them as mediums for their advertising and marketing purposes. The channels of media charge to them based on their popularity.
The popular channels charge extra as more people watch their content and they have a wider reach to the potential customers of those corporations willing to advertise. Hence the correct option is C .
Answer:
b. Borrow $2,500
Explanation:
Preliminary balance = $12,000 + 30,000 - $34,500 = $7,500
Amount to borrow = Minimum cash balance - Preliminary balance = $10,000 - $75,000 = $2,500
Therefore, to maintain the $10,000 required balance, during June the company must $2,500.
Answer:
a. This law protects the workers from physical dangers while performing their jobs. = Occupational Health and Safety Act of 1970
b. This law states that pensions need to be funded properly and directs that employees be kept informed about their pensions. = Pension Protection Act of 2006.
c. This law placed limits on child labor and set a minimum wage in the United States. = Fair Labor Standards Act of 1938.
d. This law gives workers the right to take up to 12 weeks of unpaid leave per year for family reasons. = Family and Medical Leave Act of 1993.
Answer: The theoretical characteristics of firms in different industries
Explanation:
A market is a medium whereby buyers and sellers of goods and services meet to transact business. While a market structure is a way and manner in which the different parts of the market are closely linked together. Market structure is divided into two which are
Perfect market : A perfect market is one in which the producers cannot influence the prices of their products, either by reducing or increasing the quantity produced. The producer only produces a fractional part of the total produc. Therefore, the producer cannot influence the price .if a producer charges high prices ,the producer will lose his customers.
Imperfect market : An imperfect market is one in which the producers can influence the price of their commodities. Since, the producer is the only one producing the commodities, the producer can influence the price by reducing the supply .This will then force the price to rise.Therefore,a producer in an imperfect market can control both the price and supply.
