Answer:
Amount paid to record is $58,900
Explanation:
In this question, we are asked to state the Journal entry as of March 1.
Please check attachment for tabular explanation
Kindly note that 360 is used as the number of days in a year
Answer:
The answer is: The only transaction that increases the company's liabilities is; Purchased equipment by signing a note payable.
Explanation:
By issuing common stock, you increase the company's equity and the cash account.
If you provide services on account, you are generating revenue and creating an asset; accounts receivable.
If you collect cash from customers, you are increasing the cash account and decreasing the accounts receivable account, both are asset accounts.
Answer: will increase as the rate of return increases.
Explanation: Utility which is defined as the satisfaction experienced by a customer or investor in this regard is generally enhanced by higher expected returns and is diminished by increasing risks. Utility score is a measure of relative satisfaction that an investor derives from different portfolios. Other things being equal therefore, the utility score an investor assigns to a particular portfolio will increase as the rate of return increases.
Hey there!
Your answer is:
D, none of these.
Hope this helps!
Have a great day! (:
