Answer and Explanation:
The journal entries are shown below:
1. Equipment Dr $21,300
To cash $21,300
(Being the equipment is purchased for cash)
For recording this we debited the equipment as it increased the assets and credited the cash as it reduced the assets
2. Cash Dr $6,100
To Service revenue $6,100
(Being the cash received is recorded)
For recording this we debited the cash as it increased the assets and credited the service revenue as it increased the revenue
3. Rent expense $900
To Cash $900
(Being the rent is paid)
For recording this we debited the rent expense as it increased the expenses and credited the cash as it reduced the assets
4. Office supplies Dr
To Account payable
(Being the office supplies purchased on account)
For recording this we debited the office supplies as it increased the assets and credited the account payable as it increased the liabilities
5. Salaries expense
To cash
(Being the salaries paid is recorded)
For recording this we debited the salaries expense as it increased the expenses and credited the cash as it reduced the assets
Answer:
Correct option are (1) and (3).
Tax revenues are often diverted to those in power instead of going into legitimate productive investment, and the same is sometimes true of foreign aid money from abroad.
Knowing that payments of graft must be made prevents many people from undertaking actions that might lead to growth.
Explanation:
In a corrupt economy, government incomes from charge and outside guide frequently are occupied to politically influential individuals as opposed to being contributed for gainful purposes. Since individuals realize that defilement cash needs to paid to concerned authorities, they don't attempt such profitable venture either. Both these variables identified with defilement limits speculation and development.
Answer:
A. $2,650,000 $3,312,500
B.$532,000 $291,500
C.$10 $10
Explanation:
Before Dividend After Dividend
(a)Stockholders’ equity
Paid-in capital
Common stock, $10 par
$2,650,000 $2,915,000
In excess of par value $106,000
Total paid-in capital
$2,650,000 $3,021,000
Retained earnings
$532,000 $291,500
Total stockholders’ equity
$3,182,000 $3,312,500
(b)Outstanding shares
$265,000 $291,500
(c)Par value per share
$10 $10
10×$26,500=$265,000
$2,650,000+$265,000=$2,915,000
$14×$26,500=$371,000-265,000
=$106,000
$265,000+$26,500=$291,500
Answer:
The contribution margin ratio can be calculated using either total amounts or per unit amounts.
Explanation:
Contribution margin ratio = 
This can even be done by 
This will calculate contribution as a percentage of Sales, with this margin ratio we get break even sales value, and not the units.
Whenever there is an increase in variable cost it decreases the contribution.
Therefore, correct statement is
The contribution margin ratio can be calculated using either total amounts or per unit amounts.
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