Applications of can help marketers determine which television shows current and potential customers watch,

A consumer makes purchases of an existing product X such that the marginal utility is 10 and the price is $5. The consumer also

uysha [10]

Answer:

The utility-maximizing rule suggests that this consumer should: Increase consumption of product Y and decrease consumption of product X

Explanation:

7 0

3 years ago

First, add Accounts Payable—J. C. Hollings and Accounts Payable—Craft Bank from the

Dvinal [7]

12. After posting the journal entries to the ledger, the balance of the Cash account is Credit $1,042.92.

13. After posting the journal entries to the ledger, the balance of the Equipment—Store account is Debit $4,500

14.On May 3, the balance of the Equipment—Office account is Debit $690

15. The balance of the Accounts Payable—Bellhaven Bank account is Debit $1,000

16. After posting the journal entries to the ledger, the balance of the Supplies account is Debit $542.92

17. After posting the journal entries to the ledger, the balance of the Accounts Payable—Craft Bank account is Credit $3,500

18. After posting the journal entries to the ledger, the opening balance of the P. Woodsley—Capital account was unchanged.

19. The entry you make in the Post Ref. column of the ledger to show that you posted the transactions from the journal is J1

20. Asset accounts are increased by entries to the debit side of the account.

Pretty sure I got all of them! Hope this helps!!

7 0

3 years ago

Read 2 more answers

Hamill Company purchased equipment on January 3rd, 2022, for $70,000. The equipment is expected to be used for four years and 12

Stels [109]

Answer:

Annual depreciation= $32,500

Explanation:

Giving the following information:

Purchase price= $70,000

Salvage value= $5,000

Useful life= 4 years

To calculate the annual depreciation under the double-declining-balance method, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2022:

Annual depreciation= 2*[(70,000 - 5,000) / 4]

Annual depreciation= $32,500

5 0

3 years ago

Wildhorse Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures we

bija089 [108]

Answer:

10.63%

Explanation:

Weighted average interest rate for interest capitalization purposes.

10%, 5-year, $2,227,300 note payable

11%, 4-year, $3,799,000 note payable.

Principal

$2,227,300

$3,799,000

Total $6,026,300

Interest

10% × $2,227,300 =$222,730

11% ×$3,799,000 =$417,890

Total $640,620

Weighted average interest rate

$640,620/$6,026,300

=10.63%

Weighted average interest rate for interest capitalization purposes.

Expenditures

March 1 $1,812,000

June 1 $1,212,000

December 31 $3,007,840

Total $6,031,840

Capitalization period ×Expenditure =Weighted average accumulated period

10/12 ×$1,812,000 =$1,510,000

7/12×$1,212,000=$707,000

0

Total $2,217,000

Therefore the weighted-average interest rate for interest capitalization purpose is 10.63%

7 0

4 years ago

Nagle Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold

sergey [27]

Answer:

D. $485,030

Explanation:

Total manufacturing cost for the job = $836,250

Total number of units produced 15,000

Unit product cost $55.75

Manufacturing overhead cost applied

$221,600

Actual manufacturing overhead cost $204,880

Over applied overhead $16,720

The direct method of determining cost of goods sold

Unadjusted cost of goods sold

(9,000 units × $55.75 per unit)

$501,750

Less over applied overhead

($16,720)

Cost of goods sold $485,030

5 0

4 years ago