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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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3 years ago

A monopolistic firm has a sales schedule such that it can sell 10 prefabricated garages per week at $10,000 each, but if it rest

Wewaii [24]

Answer:

option (D) $1,000

Explanation:

Data provided in the question:

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Now,

Marginal revenue is given as Change in revenue with 1 unit change in production

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3 years ago

4 of 50 (3 complete)

Fantom [35]

Answer:

The slope of the demand curve at point A is  - $0.40/unit

The slope of the demand curve at point B is - $0.14/unit

Explanation:

See the file attached with the figure corresponding to this question.

The slope of a curve at a given point is the slope of the line tangent to the curve at that point.

Point A:

The tangent line to the demand curve at point A is drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:

slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units

slope = - $10 /25units = - $2/5units = - $0.40/unit.

The minus sign indicates the that price decreases when the quantity increases

Point B:

The tangent line to the demand curve at point B passes through the points (90, 12) and (140, 5).Then, the slope is:

slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units

slope = - $7 /50units = - $7/50units = - $0.14/unit.

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3 years ago

This tax pays for benefits that workers and families receive for either Social Security or Medicare: A) Excise tax B) State inco

madam [21]

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3 years ago

Economic efficiency is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal

nataly862011 [7]

Answer: true

Explanation:

Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.

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4 years ago