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Answer:
An isoquant is a curve that shows the least-cost combinations of inputs that can produce a given level of output.
Explanation:
- Isoquants are lines of equal values that are meant to show a set of points that have the same quantity of output when changing the quantities of more than two inputs.
- It also shows an extent to which the firm has the ability to substitute two or different products to attain the same level of the outputs.
Answer:
$3000
Explanation:
In the United states, eligible child care expenses per dependent are limited to $3000. Since Tim and Sandy have only One 10 year old daughter which fall under the age 13 bracket for dependents gives them a maximum limits of $3000. It is important to note that of a couple has two or more child (dependents) they are eligible to $6000. A relative who is a care giver qualifies if expenses are paid to the relative on conditions that the relative isn't a dependent non child of the couple.
Answer:
$7,999.54
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
To correctly adjust the book balance, items recognized in the bank statement that are yet to be recorded in the books are done.
The adjusted balance
= $5,559.10 + $499.88 + $1,256.45 + $750.99 - $66.88
= $7,999.54
Answer:
The journal entries are as follows:
(1) Accumulated depreciation - Building A/c Dr. $250,000
To Cash $250,000
(To record the replacement of heating system)
(2) Building A/c Dr. $750,000
To cash $750,000
(To record the new wing)
(3) Maintenance expense A/c Dr. $14,000
To cash $14,000
(To record the maintenance expense)
(4) Equipment A/c Dr. $50,000
To cash $50,000
(To record the new equipment)
