Answer and Explanation:
The general journal entries are shown below:
On Aug 1
Cash Dr $6,500
Equipment $33,500
To Common stock $40,000
(Being the invested amount is recorded)
For recording this we debited the cash and equipment as it increased the assets and at the same time it also increased the stockholder equity so common stock is credited
On Aug 2
Prepaid insurance Dr $2,100
To cash $2,100
(Being the cash paid is recorded)
For recording this we debited the prepaid insurance as it increased the assets and at the same time it also decreased the assets so cash is credited
On April 5
Office supplies Dr $880
To cash $880
(Being the office supplies purchased for cash is recorded)
For recording this we debited the office supplies as it increased the assets and at the same time it also decreased the assets so cash is credited
On April 20
Cash Dr $3,331
To Fess earned $3,331
(Being cash earned is recorded)
For recording this we debited the cash as it increased the assets and at the same time it also increased the revenue so fees earned is credited
On April 31
Utilities expense $675
To Cash $675
(Being the utilities expense paid)
For recording this we debited the utilities expense as it increased the expense and at the same time it also decreased the assets so cash is credited
Answer:
Par value, interest rate is equal to coupon rate
Explanation:
Par value, face value or nominal value is the amount of money bond issuers oblige to pay to bond holders at its maturity. When the bond is issued at this value, it is issued without premium or discount or at equal interest and coupon rates. Interest rates are usually set by the market. Bondholder has rights to periodic coupon payments and nominal payment at bond's maturity.
Answer:
110 labor and 1100 energy
Cost of 2,200 dollars
Explanation:
Q = L x E
Cost = 10 L + E
We use Excel solver tool to get this
A B C
1 Labor Energy
2 Quantity 110 1100
3 Cost 10 1
4 output 121,000 (B2 * C2)
5 cost 2,200 (B2*B3 + C2*C3)
we want to minimize B5 (cost)
changing the quantities (b2:c2)
with the constrain that output b4= 121,000
Answer: The correct answer is the first statement.
Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.
<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>
