What is the name of Jessie Robinson's employer?<br> PERSONAL FINANCE

Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted bal

11111nata11111 [884]

Answer:

T-Accounts:

a) Accrual:

Depreciation Expense - Equipment

Account Title Debit Credit

Accumulated

Depreciation $1,800

Accumulated Depreciation - Equipment

Account Title Debit Credit

Unadjusted balance $5,000

Depreciation 1,800

Bal $6,800

b) Prepaid:

Office Supplies Expense

Account Title Debit Credit

Office Supplies $8,900

Office Supplies

Account Title Debit Credit

Unadjusted balance $9,200

Office supplies expense $8,900

Bal. $300

c) Deferral:

Service Revenue

Account Title Debit Credit

Unadjusted balance $11,300

Unearned Revenue

Account Title Debit Credit

Balance $11,800

Explanation:

Deferral of revenue, prepayment of expenses, and accrual of expenses and revenue are required under the accrual basis of accounting. The accrual basis is supported by the accrual concept which requires that revenue and expenses are accounted or recognized in the period that they relate to and not when the cash is received or paid.

4 0

3 years ago

A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price.

Yuki888 [10]

A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is 50 units.

p = 38 + (2,700 / D) - (5,000 / D2)

Marginal (variable) cost (MC) = 40

(a) Profit is maximized by equality of Marginal revenue (MR) and MC.

Total revenue (TR) = p x D = 38D + 2,700 - (5,000 / D)

MR = dTR / dD = 38 + (5,000 / D2)

Equating MR with MC,

38 + (5,000 / D2) = 40

5,000 / D2 = 2

D2 = 2,500

Taking positive square root on each side,

D = 50

(b) When D = 50, from demand function we get

p = 38 + (2,700 / 50) - (5,000 / 2,500) = 38 + 54 - 2 = $90 (Profit-maximizing price)

Profit (\pi) ($) = Total Revenue - Total Costs = TR - (Fixed cost + Total variable cost) = (p x D) - (1,000 + 40D)

= 38D + 2,700 - (5,000 / D) - 1,000 - 40D

= 1,700 - 2D - (5,000 / D)

Profit is maximized when d\pi/dD = 0 and d2\pi/dD2 < 0.

First order condition: d\pi/dD = - 2 + (5,000 / D2)

Second order condition: d2\pi/dD2 = d/dD(d\pi/dD) = - 2 x (5,000 / D3) = - 10,000 / D3

Since D > 0, (- 10,000 / D3) < 0, which proves that profit is maximized when company produces = 50 units.

Learn more about the company products at

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8 0

2 years ago

Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One em

rjkz [21]

Answer:

3. How does the action I am proposing to take make me feel about myself?

Explanation:

According to Norman Vincent Peale, the following questions should be asked by Jake as he proceeds to make an ethical decision: How does the action I am proposing to take make me feel about myself?

According to Kenneth Blanchard and Norman Vincent Peale, authors of The Power of Ethical Management, there are three questions you should ask yourself whenever you are faced with an ethical dilemma:

1. Is it legal? Will I be violating civil law or company policy? Will I be violating the student code of conduct?

2. Is it balanced? Is it fair to all parties concerned both in the short-term as well as the longterm? Does it promote win-win relationships?

<u>3. How will it make me feel about myself? Will it make me proud? Would I feel good if my decision was published in the newspaper? Would I feel good if my family knew about it? </u>

4 0

3 years ago

beverly would like to take action to improve interprofessopmal communication among staff members. To be a successful agent of ch

zhannawk [14.2K]

The action that Beverly has to take first to be able to promote interprofessional communication would be Collection information about the situation.

<h3>What is interprofessional communication?</h3>

This is a term that has to do with the communication that takes place between the people that have similar occupation or profession.

It is when people in health are able to communicate within themselves, their patients and families in a more responsible way.

Read more on interprofessional communication here:

brainly.com/question/25709454

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3 0

2 years ago

Which of the following statements is not correct?

Korvikt [17]

Answer:

B) To maximize profit, firms should produce at a level of output where price equals average variable cost

Explanation:

Firms maximize their profit by equating Marginal revenue with The Marginal cost. So, since for perfectly competitive firms, the price equals the Marginal revenue, for these firms profit is maximized by equating Price with Marginal cost not the average variable cost.

8 0

4 years ago

What is the name of Jessie Robinson's employer? PERSONAL FINANCE