Answer:
The answers are:
A) Consulting revenue should be listed below the debited account as it is credited.
C) Accounts payable is not involved in this transaction.
D) The Consulting revenue account should be indented, as it is credited.
E) The correct account that should be debited is the Accounts receivable account.
Explanation:
Answer:
Annual rate 0.017
Explanation:
Computation of the annual rate on the real bond.
Using this formula
Annual rate = Par Zero coupon inflation index/(1+r) ^Numbers of years =Inflation-indexed bond
Let plug in the formula
Annual rate=100 / (1 + r) ^10 = 84.49
Annual rate= (100 / 84.49)^1 /10 − 1
Annual rate=(1.18357)^0.1-1
Annual rate=1.016-1
Annual rate=0.017
Therefore the annual rate of return will be 0.017
Answer:
The weighted-average unit contribution margin for Concord is $70.50
Explanation:
For computing the weighted-average unit contribution margin , first we have to compute the contribution margin which is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
For Q- drive, it will be
= $90 - $30
= $60 per unit
And, for Q-drive plus,
= $135 - $60
= $75 per unit
Now the weighted-average unit contribution margin equal to
= Weighted sales mix × contribution margin + Weighted sales mix × contribution margin
= 30% ×$60 + 70% × $75
= $18 + $52.50
=$70.50 per unit
Answer:
She filled for bankruptcy last year.
Answer:
Trial Balance
Account <u> DEBIT CREDIT </u>
Cash 6,416** -
Account Receivable
Prepaid Insurance 2,400 -
Supplies 910
Equipment 33800
Common Stock 40600*
photography fees 3631
utilities expense <u> 705 </u>
TOTAL 44,231 44,231
Explanation:
*Common stock:
6,800 cash + 33,800 equipment = 40,600 total investment
**to calculate cash we need to do a T account
CASH
<u>DEBIT CREDIT </u>
6800
2400
910
3631
<u> 705 </u>
10,431 4,015
BAL: 6,416
The rest of the account are just used once so we do't have to do T-accounts to keep track of them
