Answer:
Cash A/c Dr $12,000
Account receivable A/c Dr $18,000
To Hardware revenues A/c $30,000
(Being the sale of hardware is recorded)
Explanation:
The journal entry is shown below:
Cash A/c Dr $12,000
Account receivable A/c Dr $18,000
To Hardware revenues A/c $30,000
(Being the sale of hardware is recorded)
Since the sale is taken which increase the current asset i.e cash account and the account receivable by $12,000 and $18,000 respectively so we debited it and the revenue is an income so we credited it
Answer:
$155.000
Explanation:
According with the information the person has first calculate the Equity. According with the accounting equation the Assets are equal to Liabilities plus the Equity. The first step is found the equity of the next way:
Equity year 1= Assets- Liabilities
Equity year 1= $210,000 - $85,000
Equity year 1= $125.000
Equity year 1= 125.000- 50.000 (dividends) = $75.000
Nevertheless, the calculation of the net income is measure independent of the operations in the balance sheet.
After you need to calculate the net income:
Net income= Revenues- Expenses
Net income= $275,000- $120,000
Net income= $155.000
As you can see the operations in the income statement only affects are affects by the revenue and the expenses.
Sanctions put prohibited on actions related to specific nations, conduct themes, commodities and services, or people and companies. Cuba's economy is a mixed command economy that is predominately made up of state-run businesses.
The state employs the vast majority of the labour force. The Cuban Communist Party, which was in power throughout that decade, prohibited the creation of worker cooperatives and independent business ventures. Financial and trade limitations imposed on a foreign nation are referred to as economic sanctions. These limitations are meant to make life difficult for the citizens of the foreign country so that they would put pressure on the government to change its political policies.
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Answer:
(D) marginal cost, the average variable cost, and the average total cost will shift up.
Explanation:
Given the nature of business of AI's Donuts, flour prices is part of the variable cost of the business as it will change will any change in the output of the firm.
An increase in flour prices, a variable cost, will have the following effect on the following costs.
- Average variable cost will increase since flour is a variable cost.
- Average total cost will increase since average total cost = average variable cost + average fixed cost.
- Marginal cost will increase since marginal cost = (change in total cost)/(change in quantity). Marginal cost will thus increase since total cost will increase.
- Average fixed cost will however remain unchanged since only variable cost will increase.
Therefore, option (D) is correct as marginal cost, the average variable cost, and the average total cost will shift up.
Answer:
10 units;
50 units.
Explanation:
The revenue function is given by the price function multiplied by the number of units sold (x).
The break even point occurs when Revenue equals costs:
Therefore, the smallest number of units required for the company to break even is 10 units.
Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:
The number of units that will give maximum profit is 50.
