Answer:
b. credit to Nate, Capital for $57,000
Explanation:
Nate is investing in the business and All his investment will be recorded by the partners as follow
Dr. Receivable $60,000
Dr. Cash $6,000
Cr. Nate Capital Account $57,000
Cr. Allowance for Doubtful Accounts $9,000
All the receivables are become the receivables of the business.
Cash is also added to the business cash.
Allowance for Doubtful Accounts are also recorded against the receivable added.
Net effect of all the above account will be recorded as Capital investment
Answer:
Attached image is the plotted and labeled graph.
Explanation:
- Bundle values are:
A. (9,1)
B. (3,7)
C. (4,0)
D. (8,8)
E. (6,5)
- Count over on the x-axis then count up on the y-axis.
- Start marking the values of y-axis above the x-axis on the graph.
Answer:
Revenue $6,800
Expenses:
- Salaries and Wages Expense ($2,700)
- Supplies Expense ($1,050)
- Depreciation expense ($250)
- Insurance expense ($600)
- Utilities Expense ($400) <u>($5,000)</u>
Net income $1,800
1) you must add insurance expense
2) you must decrease supplies expense = $1,200 - $150 = $1,050
3) you must add depreciation expense
4) you must increase salaries and wages expense = $2,300 + $400 = $2,700
5) you must increase revenue = $6,100 + $700 = $6,800
In project management there are four phases of the project life cycle.
1) Initiation
2) Planning
3) Performing
4) Closing
The closing of the project involves finalizing all data collected, documenting and evaluating the project. This step is major in the phase because it is a reflection of the entire project and is usually turned into a superior.
General technological advance is most likely to cause the production possibilities frontier to shift outward from a to b.
Technology has always been vital for organisations, but in recent years, that importance has increased significantly. By definition, technology is the practical application of scientific knowledge, and it is obvious that in order for businesses to remain competitive, they must adopt new technologies. The importance of new technology for organisations can be attributed to a number of factors. First, firms can improve their production and efficiency by utilising modern technologies. This is so that workers may concentrate on other duties because new technologies sometimes automate operations that were previously performed manually. Additionally, by lowering their dependency on costly manual labour, new technology can assist firms in saving money. Finally, firms can frequently access new markets and clients thanks to new technologies.
Learn more about technological advance here:
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