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3 years ago

The Laser world income Statement for 2021 is as follows:

Business

1 answer:

scoray [572]3 years ago

6 0

Answer:

journal entries to record revenues and gains:

Dr Cash 193,000

Cr Sales revenue 193,000

Dr Cash 35,000

Cr Asset 30,000

Cr Gain on sale of asset 5,000

journal entry to record COGS:

Dr Cost of goods sold 108,900

Cr Merchandise inventory 108,900

journal entries to record expenses:

Dr Depreciation expense 7,500

Dr Vehicle expense 2,800

Dr Interest expense 15,600

Dr Pension expense 7,500

Cr Cash 50,600

Dr Other operating expenses 18,400

Cr Cash 18,400

journal entries to record dividends (declaration and payment):

Dr Retained earnings 13,800

Cr Dividends payable 13,800

Dr Dividends payable 13,800

Cr Cash 13,800

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Maureen has a net spendable income of $2,100 per month. She sets up the following transportation budget for herself.

KIM [24]

C is the correct answer

5 0

3 years ago

Diminishing marginal product suggests that the marginal A. cost of an extra worker is unchanged. B. cost of an extra worker is l

MArishka [77]

Answer:

The correct answer is letter "D": product of an extra worker is less than the previous worker's marginal product.

Explanation:

The Law of Diminishing Marginal Productivity indicates that increasing one variable while holding others the same can initially increase output but eventually adding more of that variable results in lower return rates. This law helps explain that it is not always the best way to increase income by increasing production.

Initially, companies recruiting additional workers would boost production until too few machines or not enough space is sufficient to accommodate everyone. Then, the production rate will decrease.

7 0

3 years ago

Which education level has the highest return on investment (roh)?

kotegsom [21]

Any level of education is very important in all aspect however the first degree is the most important and with the highest return on investment. The first degree is undergraduate degree.

4 0

4 years ago

DuBois, Inc. announces a large stock dividend of 65% of the 4.96 million outstanding shares of common stock. The current price p

Karolina [17]

Answer:

Option (B) is correct.

Explanation:

Dividend per share:

= (65% of Par value of the stock)

= (65% × 0.01)

= $0.0065

Hence, the total dividend:

= (Dividend per share × outstanding shares of common stock)

= (0.0065 × 4.96 million)

= $32,240

Hence, the dividend would cause a decrease in retained earnings.

Therefore, the correct option is B.

6 0

3 years ago

A corporation is incorporated in only one state regardless of the number of states in which it operates.

k0ka [10]

Answer:

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

True.

5 0

4 years ago