Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The average hourly wage in the United States is approximately $12 per hour. The U.S. exchange rate with Japan is 240.0 yen per dollar.
The hourly rate in Japan is:
Hourly rate= 12* 240= 2,880 yen an hour.
Oct 13........................No Journal Entry Required
Oct 17. Cash..........................................DR $107
To Accounts Receivable........................................ $107
(Being cash received by Accounts Receivable)
Oct 22. Inventory....................................DR $1145
To Accounts Payables.......................................... $1145
(Being Purchases made of Chairs and Oil Supplies)
Oct Accounts Payable...........................DR $1145
To Cash............................................................ $1145
(Being Cash paid for purchases made)
Answer:
Mercury Company
Sale of Equipment account:
Equipment $150,000
Acc. Depreciation 112,000
Book value $38,000
Cash received $38,000
Explanation:
a) Data and Calculations:
Equipment Account:
Beginning balance $750,000
Ending balance 600,000
Sale of equipment $150,000
Accumulated Depreciation - Equipment account:
Beginning balance $500,000
Depreciation expense 40,000
Ending balance 428,000
Sale of Equipment $112,000
b) The Cash received from the sale of Mercury Company's equipment is equal to the book value in Year 2 according to the question. Since the book value (value after accumulated depreciation) is $38,000, that means that the equipment was sold at $38,000 recording no profit or loss for the company on the sale.
Answer:
Both supply and demand are elastic.
Explanation:
Demand or supply elasticity is defined as elasticity or responsiveness with more than one numerical value, which indicates their high response to the change in price.
Elastic demand: It is the percentage change in quantity demanded due to the change in price in absolute value of the product.
The elasticity of supply: It is defined as the response of the quantity of a good supplied to a change in the price of the good. Likely to be positive in output.
FORMULA; Elasticity of supply= 
Due to the decrease in the supply of goods in the market, it leads to the scarcity of goods, therefore there is an increase in the price of goods.
A sign of a reputable organization is They disclose your rights clearly and share with you free assistance that may be useful to you.
<h3>What are the five signs of a good organization?</h3>
Effective Sharing of Goals. A beneficial organization shares its business goals with employees at every level of the organization.
- Great Partnership.
- High Employee Morale.
- Offers Internship Opportunities
- Strong Leadership
- Drives Poor Performance.
<h3>What makes a good organization?</h3>
Influential organizations create results, and to be fully effective, nonprofits must exhibit strengths in five core administrative areas—leadership, decision making and structure, people, work methods and systems, and culture. "Too many people are interested in every decision."
To learn more about reputable organization , refer
brainly.com/question/1382377
#SPJ4
