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3 years ago

The unadjusted trial balance for Sheffield Corp. is shown below.

Business

1 answer:

hodyreva [135]3 years ago

3 0

Answer:

1 Oct.31

Dr Supplies expense $2,460

Cr Supplies $2,460

2. Oct.31

Dr Insurance Expense $100

Cr Prepaid insurance $100

3. Oct.31

Dr Depreciation expense $50

Cr Accumulated depreciation $50

4 Oct.31

Dr Unearned revenue $600

Cr Service revenue $600

5 Oct.31

Dr Accounts receivable $300

Cr Service revenue $300

6 Oct.31

Dr Interest expense $95

Cr Interest payable $95

7 Oct.31

Dr Salaries expesne $1,625

Cr Salaries payable $1,625

Explanation:

Preparation of the adjusting entries

1 Oct.31

Dr Supplies expense $2,460

[2,960-500]

Cr Supplies $2,460

[Being To record supplies expense]

2. Oct.31

Dr Insurance Expense $100

Cr Prepaid insurance $100

[Being To record insurance expense]

3. Oct.31

Dr Depreciation expense $50

Cr Accumulated depreciation $50

[Being To record depreciation expense]

4 Oct.31

Dr Unearned revenue $600

Cr Service revenue $600

[Being To record revenue from unearned]

5 Oct.31

Dr Accounts receivable $300

Cr Service revenue $300

[Being To record accrued revenues]

6 Oct.31

Dr Interest expense $95

Cr Interest payable $95

[Being To record accrued interest expense]

7 Oct.31

Dr Salaries expesne $1,625

Cr Salaries payable $1,625

[Being To record salaries expense]

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Answer:

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Explanation:

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In this, the face to face interaction is not done

Therefore as per the given situation, the option B is correct as in this met the criteria.

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erik [133]

Answer:

The weekly revenue is maximum at x=1.67.

Explanation:

The given function is

$f(x)=1000x -300x^2$ .... (1)

where, f(x) is the total revenue at price x.

We need to find the price x at which the weekly revenue is maximum.

The leading coefficient of the given function is -300, which is a negative number. So, it is a downward parabola and vertex of a downward parabola is the the point of maxima.

If a parabola is defined as

$g(x)=ax^2+bx+c$ ... (2)

then the vertex of the function is

$(-\frac{b}{2a},g(-\frac{b}{2a}))$

From (1) and (2) it is clear that

$a=-300,b=1000, c=0$

The given function is maximum at

$-\frac{b}{2a}=-\frac{1000}{2(-300)}$

$-\frac{b}{2a}=\frac{10}{6}$

$-\frac{b}{2a}=1.66667$

$-\frac{b}{2a}\approx 1.67$

Therefore the weekly revenue is maximum at x=1.67.

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3 years ago

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zavuch27 [327]

Answer:

Required return for Savitz: 10.95%

Explanation:

<u>Considering the gordon model we have to solve for the cost of capital (Ke)</u>

$\frac{divends}{return-growth} = Intrinsic \: Value$

$\frac{divends}{Price} = return-growth$

$\frac{divends}{Price} + growth = return$

$$Cost of Equity =\frac{D_1}{P)} +g$

D1 2.08

P 42

g 0.06

$$Cost of Equity =\frac{2.08}{42} +0.06$

Ke 0.10952381

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mixer [17]

Answer:

Option B It presents variable cost as a slope coefficient

Explanation:

The reason is that the total cost function is:

Y = a + bx

The total cost in this case is Y, a is fixed cost as an intercept, b is variable cost represented as an slope and coefficient and x is level of activity which is independent of Y.

So the right answer is option B.

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