Answer:
The demand for labour would decrease because it will be costly for the business keeping the workers.
Explanation:
If the quantity demanded for the product does not change while workers productivity increase this will make the quantity demanded for labour decrease because its costly to keep workers if the consumers demand does not change this means that the business is not making any profit.
Answer:
Cash A/c Dr $15,000
To Notes payable A/c $15,000
(Being the bank borrowing through a note payable is recorded)
Explanation:
The journal entry is shown below:
Cash A/c Dr $15,000
To Notes payable A/c $15,000
(Being the bank borrowing through a note payable is recorded)
This transaction increases the cash balance so the cash account should be debited and the note payable account should be credited as it creates a liability which is to be reflected in the balance sheet
Answer:
Dr amortization expense $6,900
Cr Accumulated amortization $6,900
Explanation:
The adjusting journal on 31 December is to reflect the amortization charge of $6,900 in both accumulated amortization and amortization expense accounts.
Find attached t-accounts,note that amortization expense account would not have a closing balance as the amount of amortization is written to income statement
Answer:
$79200
Explanation:
Equivalent production
=$88000+[40%*(103000-88000)
=94 000 units
Cost per unit
=(52020+32580)/94 000
=$0.9
Costs=88 000* $0.9
=$79 200
Answer:
The correct answer is letter "A": Shareholders who are risk averse may prefer some dividends over the promise of future capital gains.
Explanation:
A dividend is a cash distribution by a company to its shareholders out of the profits of a period. Capital Gain refers to the increase in the value of a capital asset or an investment upon sale. From the two of them, dividends are safer investments since they do not rely exclusively on the sales of an asset.
Thus, a conservative investor is likely to choose dividends over the promise of capital gains.