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2 years ago

GAWAIN 3

Business

1 answer:

Ivahew [28]2 years ago

8 0

Explanation:

<h2><em><u>Heto na ang magkapatid, nag-uunahang pumanhik.</u></em></h2><h2 /><h2><em><u>Heto na ang magkapatid, nag-uunahang pumanhik.Sagot: Mga paa</u></em></h2>

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American Chip Corporation’s reporting year-end is December 31. The following is a partial adjusted trial balance as of December

guajiro [1.7K]

Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Sales Revenue A/c Dr 760,000

Interest Revenue A/c Dr $3,500

To Income Summary $763,500

(Being revenue account closed)

2. Income summary A/c Dr $593,200

To cost of goods sold $425,000

To Interest Expense $5,100

To Salaries Expense $110,000

To depreciation Expense $31,000

To Rent Expense $16,000

To Insurance expense $6,100

(Being expenses accounts are closed)

3. Income summary A/c Dr $170,300

To Retained earning $170,300

(Being the difference is credited to retained earning)

The retained earning is computed by

= Number 1 - Number 2

= $763,500 - $763,500

= $170,300

5 0

3 years ago

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million. The investment will result

Tems11 [23]

Answer:

The payback period for this project is 2.43 years.

Explanation:

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million.

The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years.

The payback period is the time it takes to cover the investment to be covered by returns.

The investment cost remaining in the first year

= $1,850,000 - $525,000

= $1,325,000

The investment cost remaining in the second year

= $1,325,000 - $812,500

= $512,500

The third year payback

= $\frac{\$ 512,500}{\$ 1,200,000}$

= 0.427

The total payback period

= 2.43 years

6 0

2 years ago

If a regulatory commission wants to provide a natural monopoly with a fair return, it should establish a price that is equal to

andriy [413]

Answer:

B. average total cost

Explanation:

In the terms of economics, the Average total cost is the cost which is obtained by dividing the total production cost involved by the total number of output units.

The average total cost also determines the cost per unit for a product.

It helps in deciding the selling cost of the product for a specified profit margin.

5 0

3 years ago

Which are factors that both budget constraint diagrams and production possibilities frontier diagrams highlight

Jobisdone [24]

Answer:

scarcity, tradeoffs, efficiency, and opportunity costs.

7 0

2 years ago

Which is not something you should look for in a saving account?

pshichka [43]

Answer:

You should make sure you are putting money into it every week, month, or year.

Explanation:

You must make sure you have enough money in the account so if you have some kind of an injury, or you want to buy something that costs lots of money such as a car, or a house, you want to make sure enough money is going into that account.

6 0

2 years ago