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Semenov [28]
3 years ago
6

Meat Puppets Company purchased equipment for $7,200 on December 1. It is estimated that annual depreciation on the equipment wil

l be $1,800. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

b. Debit Depreciation Expense, $150; Credit Accumulated Depreciation, $150.

Explanation:

The adjusting entry is as follows

Depreciation expense Dr - Equipment

            To Accumulated depreciation

(Being the depreciation expense is recorded)

The computation is shown below:

= $1,800 ÷ 12 months

= $150

We simply debited the depreciation expense and credited the accumulated depreciation for $150 so that the proper posting could be done

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The answer to this question is A. Beneficiary
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3 years ago
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3 years ago
Keynesian economics argues for the use of _____ policy to stabilize the economy.
slavikrds [6]

Answer:

Keynesian economics argues for the use of active government policy to stabilize the economy.

Explanation:

In order to alleviate or avert economic recessions, Keynesian economics places a strong emphasis on the employment of proactive government policy to control aggregate demand. Keynes contended that lengthy periods of high unemployment might result from a lack of general demand. Consumption, investment, government purchases, and net exports are the aggregate of four factors that determine an economy's amount of goods and services.

8 0
2 years ago
Which of these is not a cost of quality?
ollegr [7]

The correct option is (c). Design cost  is not a cost of quality.

Design-to-Cost (DTC), one of several cost management strategies, denotes a methodical strategy for limiting the expenses associated with product development and manufacture. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.

As a component of cost management strategies, design-to-cost refers to a methodical strategy for reducing the costs associated with product development and manufacturing. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.

Learn more about design-to-cost here

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8 0
2 years ago
There exists a(n)
FrozenT [24]

Answer:

Direct, upward sloping

Explanation:

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The supply curve is a graphical presentation of the relationship between price and quantity supplied.  The supply curve is upward sloping. It originates from the bottom left corner, showing how quantities vary along the curve at different prices. Quantity supplied increases as the price rise.

7 0
3 years ago
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