Answer:
Date Account Title Debit Credit
June 30 Cash $150
Interest revenue $150
Explanation:
Interest earned is considered to be revenue so it will be credited to the interest revenue account.
Cash will be debited because the interest revenue increased it and assets are debited when they increase.
Answer:
$1,230,000
Explanation:
The computation of the amount included in the general and admin expense is shown below:
= Accounting and legal fees + Officer salaries + Half of rent
= $420,000 + $540,000 + (540,000 ÷ 2)
= $1,230,000
We simply added the accounting & legal fees, officer salaries and half rent so that the amount involved in general and admin expense could come
Answer:
False
Explanation:
This method is a subjective approach, as the variables of Attractiveness and Strength cannot be measured quantitatively. These are measured by experts in the field, however, their subjective approach cannot be totally eliminated. Therefore, the GE "stop-light" approach is <u>subjective</u>, and possible errors ale always possible.
Answer: They could either use the Income and expenditure or purchases journal too.
Explanation: Because its a Yoga Studio, lots of expenses will be made and appropriate postings are to be entered on time.
An increase in the price of coffee beans can be expected to increase the demand for pie.
So, in the market if the price of coffee beans increases, quantity demanded for coffee will decrease. As, the coffee in turn is a complement to pie the consumers using coffee will now shift themselves to pie, unless the price decreases for coffee. Thus, the demand for pie is expected to increase now.
Several events could lead to such a change, an increase in population , an increase in incomes, or an increase in the price likely to increase the quantity of coffee demanded at each price.
Hence, this represents the Law of Demand.
To learn more about the Law of Demand here:
brainly.com/question/10782448
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