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3 years ago

Which journal entry reflects the following transaction?:

Business

1 answer:

Grace [21]3 years ago

7 0

Answer:

The correct answer is Option A.

Explanation:

The concept of double entry says for every debit entry, there must be a corresponding credit entry. This is necessary for the journal entries to balance, that is, the total of the debit balance must always equal the credit balance.

The building purchased by BOC is an asset. So there is need to debit that account to recognize the asset. Since there was an outflow of cash to the tune of $50,000, we need to credit cash while the remaining balance being financed by mortgage will be credited to recognize the liability.

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Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, re

Tamiku [17]

Answer:

5575

Explanation:

The computation is shown below;

<u>Factor Elasticity Increase Effective Increase </u>

A B A × B

Capital 0.3 10% 3.00%

Labor 0.7 5% 3.50%

Increase due to Productivity 5.00%

Total Increase in Output 11.50%

(3% + 3.5% + 5%)

Original Output 5000

Increase in Output (5000 × 11.5%) 575

Increase Output (5000 + 575) 5575

3 0

3 years ago

Loop 1604 Inc. has prepared a static budget at the beginning of the month. At the end of the month the following information is

Charra [1.4K]

Answer:

Flexible budget variance for Sales Revenue = $3,960 Favorable

Explanation:

Provided budget is static budget, firstly for calculating flexible budget variance for Sales Revenue.

For this flexible budget is made of same level of quantity as of actual level.

therefore Flexible budget sales = 990 units @ $70 per unit price will be same as of static budget.

Therefore Variance = Standard Flexible Budgeted Sales - Actual Sales

Standard Flexible Budgeted Sales = 990 $\times$ $70 = $69,300

Actual Sales Revenue = 990 $\times$ $74 = $73,260

Since actual revenue is more than budgeted sales this is favorable.

Flexible Budget Variance for Sales Revenue = $69,300 - $73,260 = $3,960

Since actual revenue is more than budgeted revenue therefore this is a favorable variance.

Flexible budget variance for Sales Revenue = $3,960 Favorable

3 0

3 years ago

Accenture's Security practice makes use of a number of accelerators when building solutions for our clients. What is the purpose

Vilka [71]

Answer:

To deploy and integrate security features in a shorter period of time

Explanation:

Given that accelerator in cybersecurity is a means of enhancing the implementation and information of security measures in a very faster way.

Therefore, the purpose of Accenture's Security practice of using several accelerators when building solutions for their clients is "to deploy and integrate security features in a shorter period of time."

6 0

3 years ago

Show all your steps and reasoning.

Sindrei [870]

Answer:

The following are the solution to the given question:

Explanation:

In option a:

The Mandovi's absolute benefit in this issue is that so many ratios are produced and transform because less power is spent than Ducennia (50 -100 compounds to 150 -200).

In option b:

$\left\begin{array}{ccc} \text{ O.C}&\text{Per.Ratid}&\text{Per Tauron} \\\text{Mandovia}&\text{0.5\ Tauron}&2 \ Rotid\\\text{Ducennia}&\text{ 0.75\ Tauron}& 1.33 \ Rotid \end{array}\right$

In option c:

$\left \begin{array}{cccc}1& \text Rotids \ ou tput} &\text Taurous \ ou tput}\\ \text{Mandovia }& 10 \ M&5 M\\\text{Ducennia}& 6.7 \ M&5 M \\\text{Total}& 16.7 \ M&10 M\end{array}\right$

There are a total of 1 billion labours are available for the equally divided for 0.5 billion and 0.5 billion for both and the Rotiods is $\frac{0.5}{50} = 0.01 \ \ billion$

and for taurous = $\frac{0.5}{100}-0.005\ \ billion$ .

5 0

4 years ago

Cold Ice has a profit margin of 8.3 percent and a payout ratio of 42 percent. The firm has annual sales of $386,400, current lia

erastova [34]

Answer:

The internal growth rate is 4.36%

Explanation:

net income = 8.3%*386,400

= $32,071.20

net working capital = current assets – current liabilities

current assets – 37200 = 16700

= $53,900

total assets = current assets + net fixed assets

= 53,900 + 391,500

= 445,400

Then:

ROA = 53,900/445400

= 0.072005

b = 1 - 48% = 0.52

internal growth rate = 0.072005*0.52/1 - (0.072005*0.52)

= 0.041763/0.958237

= 4.36%

Therefore, The internal growth rate is 4.36%

7 0

3 years ago