Answer:
Clem should specialise in wheat production because he has higher profits there
Explanation:
Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.
If he produces only wheat he will have profit of 75 bushels * $2 = $150
If he produces only barley his profit will be 125 bushels * $0.80 = $100
This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.
<span> Recording the accrual of salaries incurred.</span>
Answer:
= 18.7%
Explanation:
<em>A portfolio is a collection of assets/ investment. The return on a portfolio is the weighted average of all the return of the individual assets weighted according to the percentage of total funds allocated to each assets.</em>
Expected return on portfolio:
E(R) =( Wa*Ra) + (Wb*Rb)
Wa = 56% , Wb = 100-56 = 44%
Ra = 12%, Rb = 24%
E(R) = (0.56*24%) + (0.44× 12%)
= 18.7%
Answer:
See below
Explanation:
1. Sole proprietorship
A company with one owner, personal liability, and pass-through taxation.
The owner makes all decisions by themselves and keeps all the profits. Business income is also owner income. Likewise, business debts are the owner's debts.
2. LLC
A company with multiple owners, limited liability, and pass-through taxation. A minimum of one owner but no upper limit. Owners are referred to as members.
3. Corporation
A company with multiple owners, limited liability, and higher taxes.
It is regarded as a separate entity from its owners. A corporation is expected to file corporate tax returns.
4. Partnership
A company with multiple owners, personal liability, and pass-through taxation. A partnership is formed when friends or entrepreneurs with similar interests combine efforts to start a business. They develop a partnership deed that guides their business operations.
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1 Inventory 1,500
Cash 1,500
<h3>
What are journal entries?</h3>
- A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
- An accounting journal, which shows a company's debit and credit balances, records transactions.
- The journal entry can be made up of multiple records, each of which is either a debit or a credit.
- Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
Inventory purchase journal entry:
- Say you purchase $1,000 worth of inventory on credit.
- Debit your Inventory account $1,000 to increase it.
- Then, credit your Accounts Payable account to show that you owe $1,000.
- Because your Cash account is also an asset, the credit decreases the account.
Therefore, the journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1 Inventory 1,500
Cash 1,500
Know more about journal entries here:
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The question you are looking for is here:
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
(A) Jan. 1 cash 1,500
Account receivables 1,500
(B) Jan. 1 Purchases 1,500
Account payable 1,500
(C) Jan. 1 Inventory 1,500
Office Supplies 1,500
(D) Jan. 1 Inventory 1,500
Cash 1,500
