Question Completion:
Journalize the adjusting entries:
Answer:
Yazici Advertising
Adjusting Journal Entries:
Date Account Titles Debit Credit
October 31:
1. Supplies Expense $1,500
Supplies $1,500
To record the supplies expense for the year ended October 31.
2. Insurance Expense $50
Prepaid Insurance $50
To record the insurance expense for the month of October.
Explanation:
a) Data and Analysis:
October 31:
1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)
2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)
3. From the scenario, the year-end is October 31.
Answer:
Market price; Equilibrium price
Explanation:
The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. It become hard to reach equilibrium price and quantity when customers infer the quality of a product by its price cos that will inform their purchasing decision.
Answer:
$(18,900)
Explanation:
Calculation to determine what the elimination of the West Division would result in an overall company net operating income (loss)
Using this formula
Net operating income (loss) = Net operating income of East division -Allocated common cost to West division
Let plug in the formula
Net operating income (loss)= $ 89,600 - $108,500
Net operating income (loss)= $(18,900)
Therefore the elimination of the West Division would result in an overall company net operating income (loss) of $(18,900)
Answer:
Accuracy
Explanation:
Accuracy is the term which is described as the closely related measured value of the quantity which is equal to the true value. In short, it is states as that all the aspects of the report are fairly mentioned or state true picture or figure.
So, when the research report is reviewed, the person would able to determine or asses all the aspects or facts or elements of the study which are logically as well as systematically follow from the problem of the research. Then the condition which is fulfilled or achieved is the accuracy level of the report.
An automatic reinvestment plan is a service offered by mutual funds that helps an investor earn compound interest on their investments
Mutual fund pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. they give access to individual or small investors to professionally manage portfolios of bonds, equities, and other securities.
They provide a service called an automatic reinvestment plan, in which they reinvest the investment gains back into an investor's portfolio rather than paying them out as distributions. the benefit of an Automatic reinvestment plan is of getting compound interest, It different from another service they provide which is an automatic investment plan, which just allows the investors to contribute money to an investment account on a regular interval and to invest in a pre-set portfolio.
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