Its an expense account that follows credit, not debit
Answer:
The correct answer is B
Explanation:
Financial assets are those assets which is defined as the liquid assets and that derive or gets its value from the ownership claim or the contractual right. Its example are bank deposits, cash, mutual funds, bonds and stocks.
These are contributed indirectly to the productive capacity of the country because these (financial assets) permit or allow the individuals or business to invest in governments or firms, which in return allow the government and business to increase the productive capacity.
Answer:
B. $6
Explanation:
Marginal revenue for the worker = change in wage ÷ change in quantity output
Change in wage = (40×$6) - (36×$6) = $240 - $216 = $24
Change in quantity output = 40 - 36 = 4
Marginal revenue for the worker = $24 ÷ 4 = $6
Answer:
Transaction a
Debit : Account Receivable $27,500
Credit : Sales Revenue $27,500
Transaction b
Debit : Cash $5,875
Credit : Deferred Revenue $5,875
Transaction c
Debit : Sales Revenue $1,500
Credit : Account Receivable $1,500
Transaction d
Debit : Deferred Revenue $5,875
Credit : Sales Revenue $5,525
Credit : Discount received $350
Explanation:
The journals have been prepared above.