The T-Account can be made as follows with the credit of $3,754. The expenses are deducted from the balance as the total credit available.
<h3 /><h3>What is Expense?</h3>
Expenses are the costs that are paid by businesses, these costs are incurred for the operations of business. The expenses are paid from the cash/ bank balance available at the business.
It is recommended that the expenses are in a control and are lower than the revenue generated by the business.
T-Account
Operating Expense Account
$420
$250
$100
$250
Petty Expenses Account
$150
$100
Asset Account
$1500
$650
$334
The account are made according to the nature of expenses, there are two expenses that are not to be classified as an expense instead they need to be treated as a capital expenditure that is to be posted in Asset account.
Expenses with one off event and small amount and in general in nature are posted in petty expenses
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Answer:
If an economist argues that everyone gains from trade, the following reasoning is most likely underlying her argument:
- Production according to the principle of comparative advantage lowers overall costs and therefore allows both countries to have a higher standard of living.
Explanation:
- The comparative advantage refer to the situation in which an individual, company or a country offers its services and products at a lower rate as compared to its competitor. This leads to trade-off as you have to comprise for the gain of something.
- This comparative advantage also increase the dependencies of nations or companies on each other.
- For example, England and Portugal has benefited from this comparative advantage concept as England get the wine at lower cost from Portugal and Portugal also get earning by selling this wine to England.
Answer:
present value of perpetuity = $29615.93
Explanation:
given data
pay = $300 per year
interest rate = 3%
solution
we get here present value payment after 5 year is
present value = 
...........1
present value = 
present value = $862.60
and
now we get present value on purchase date
present value = 
......2
present value = 
present value = $28753.33
and
present value of perpetuity is
present value of perpetuity = $862.60 + $28753.33
present value of perpetuity = $29615.93
Answer:
The correct answer is A and B
Explanation:
PPP stands for Purchasing Power Parity, which is a theory that states or define as the exchange rate among the currencies of 2 countries, which should be equal to the ratio of the price levels of the countries.
It is grounded on The Law of One Price, which states all the identical goods have the same price.
As the purchasing power of the currency which sharply decrease because of hyperinflation, that currency will be depreciated against the stable currencies.
E p = m · g · h
E p ( book ) = 0.35 kg · 9.8 m/s² · 2 m = 6.86 J
E p ( picture frame ) = 6.86 J
( same gravitational potential energy as the book )
6.86 = 0.5 · 9.8 · h
6.86 = 4.9 h
h = 6.86 : 4.9
h = 1.4 m
Answer: ... to a height of 1.4 m.
