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Wewaii [24]
3 years ago
10

The following events apply to Kate Enterprises:______.

Business
1 answer:
kotegsom [21]3 years ago
4 0

Answer:

Kate Enterprises

Event No.  Type of Event     Account Debited         Account Credited

1                 AS                       Cash                             Common Stock

2.               AS                       Cash                              Service Revenue

3.               AU                       Salaries Expense         Cash

4.               AE                       Prepaid Rent                 Cash

5.               AU                      Other operating exp.    Cash

6.               AU                      Accounts payable         Cash

7.               AU                      Utilities Expense           Cash

8.               AS                       Accounts Receivable   Service Revenue

9.              AU                       Dividends                      Cash

10.             AS                       Supplies                        Accounts Payable

11.              AS                       Cash                              Service Revenue

12.             AE                       Salaries Expense          Salaries Payable

13.             AE                       Rent Expense                Rent Payable

14.             AE                       Unearned revenue        Earned Revenue

Explanation:

Asset source (AS) = increases an asset and a claim on the asset

Asset use (AU) = decreases an asset and a claim on the asset

Asset exchange (AE) = does not change the value of assets or claims

Claims exchange (CE) = decreases one claim account and decreases another.

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Answer:

The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators

Explanation:

Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator

This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators

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Problem 5-35 Comparing Cash Flow Streams [LO 1] You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They
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Answer:

PV of 1st option = $185,015.50

PV of 2nd option = $192,683.78

Explanation:

Computing the present value of the monthly payments, we use the formula PV = \frac{A(1-(1+r)^{-n}) }{r}

Where PV = present value of the monthly payments

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If an organization implemented only one policy, which one would it want to implement?
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If an organization implemented only one policy, Ethical computer use policy would it want to implement.

What is organization?

An organization is a formal gathering of people, such as a business, charity, political party, or club. The majority of these specialty schools are run by nonprofit institutions. ... an International Labor Organization report.

Therefore,

If an organization implemented only one policy, Ethical computer use policy would it want to implement.

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Explanation:

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