The answer that best fits the blank is GOLD BULLION COINS. In order for you to avoid problems regarding storage, it would be best to invest in this kind of kinds. Typically, brokers would require at least 10 coins plus a 2% commission fee. Since it is gold and gold is considered to be one of the metals with a very high value, this would also mean that these coins also take the value of gold in the market.
Answer:
c. $150.
Explanation:
the extra amount of hours Maurice can work taking a flight will be of 5 hours
(8 hours taking a plane against 3 hours if driving)
As the income per hour is 30 dollar it can generate;
5 hours x $30 per hour = $150
Maurice will only travel by plane if it generates the same or more income than the driving thus, a differencial price of less than 150 dollars will provide Maurice with a net gain. Also we should consider that if Maurice drives his car it is taking a depreication hit per mile while driving that is being ignoer to keep the assignment simple. But considering that the amount of differential income could be higher than $150
Answer:
D.- 90,000 incremental sales revenues is closest to 70,000
Explanation:
the revenue for his new machine is 150,000 However, the revenues on his overnight film processing will decrease by 60%
Overnight film processing decreases:
100,000 x 60% = 60000 decrease in revenue
Net Effect: 150,000 - 60,00 = 90,000
Sales will increase by 90,000 Is important to notice we are asked for which is closest. Not the exact answer. We can conclude from the options that 70,000 is the closest option.
Answer and Explanation:
The journal entries are shown below:
a. For increase in cash
Cash Dr $900 ($1,000 - $100)
To Account payable $900
(Being the increase in cash is recorded)
For recording this we debited the cash as it increased the assets and credited the account payable as it reduced the liabilities
b. For decrease in cash
Miscellaneous expense Dr $45
To cash $45
(Being the decrease in cash is recorded)
For recording this we debited the miscellaneous expense as it increased the expenses and credited the cash as it reduced the assets