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3 years ago

The following transactions occurred during December 31, 2021, for the Falwell Company.

Business

1 answer:

hodyreva [135]3 years ago

8 0

Answer:

Date Account and explanation Debit Credit

Dec 31 Prepaid insurance $10,000

($12000*30/36)

Insurance expense $10,000

Dec 31 Depreciation expense $15,000

Accumulated depreciation-Equipment $15,000

Dec 31 Salaries expense $18,000

Salaries payable $18,000

Dec 31 Interest expense $4,000

($200000*12%*2/12)

Interest payable $4,000

Dec 31 Deferred rent revenue $1,000

($3000/3

Rent revenue $1,000

Dec 31 Rent revenue $2,000

Deferred rent revenue $2,000

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Answer:

Correct Answer:

The correct sequence of crossing include:

<em>First, the Analyst takes the flashlight and crosses the bridge with the Associate. This takes 2 minutes. </em>The Analyst then returns across the bridge with the flashlight taking 1 more minute (3 minutes passed so far). The Analyst gives the flashlight to the VP and the VP and MD cross together taking 10 minutes (13 minutes passed so far).

The VP gives the flashlight to the Associate, who recrosses the bridge taking 2 minutes (15 minutes passed so far). The Analyst and Associate now cross the bridge together taking 2 more minutes.<em> Now, all are across the bridge at the meeting in exactly 17 minutes.</em>

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3 years ago

If the price elasticity of demand for a product equals 1, as its price rises the:______

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Answer:

c. total revenue does not change.

Explanation:

A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.

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The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.

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Calculation to determine what the decision that Farina should make and the reason is

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Special scoops = 20,000 bags x ($7 - $1.50) - $20,000

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Special scoops = $90,000

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True, I believe so if not then correct me.

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