Answer:
a. Debit Equipment; Credit Cash.
Explanation:
Backhoe is a fixed asset therefore, cannot be categorized as an expenditure, further it is paid in cash therefore, cash account will be credited, and further
Equipment will be debited, as asset account is debited if created or any value added in it , also in categorization the equipment will be clubbed in fixed assets but directly the amount will not be debited to fixed assets.
Therefore correct entry will be:
Debit Equipment
Credit Cash
Answer:
hope this help a all and have a good day!
Explanation:
There are two primary types of tort claims: intentional wrongs and negligence torts. Both types of wrongful actions can result in the victim filing a civil claim. As the name suggests, intentional torts are wrongful actions done purposefully. Negligence, however, does not require the intent to harm.
Answer:
Option E : $9.75
Explanation:
As per the data given in the question,
The standard reaction function of industry = a-Cb ÷ 2b - 1 ÷ 2 × Qa
P = 30 - (Qa + Qb)
Here, a= 30
b= 1
C = 3
Leader's output (Qa) =( a + Cb - 2Ca ) ÷2b
= (30 + 3 × 1 - 2 × 30) ÷ 2×1
= 13.5 units
Reaction function of industry B,
Qb = 13.5 - 1 ÷ 2 × 13.5
Qb = 6.75 units
P = 30 - (13.5+6.75)
= $9.75
Hence Option E is answer.
