Answer: The marginal benefit of $2500 is greater than the marginal cost of $1700 for the new waitress.
In economics, a rational decision is a decision where the total benefit equals or exceeds the costs associated with that decision.
In this case, Carroll's diner pays the new waitress $1700, but is able to earn $2500 by serving customers more quickly. Since the diner earns $800 (2500 -1700) more than the cost paid to the waitress, we can say that hiring an additional waitress is a rational economic decision.
Answer: D. balance sheet only
Explanation: The transaction will immediately affect the "balance sheet only" not the income statement or retained earnings.
Balance sheet shows the business net worth. Balance sheet shows the financial position of a business listing the liabilities and assets and owners equity at a particular time.
So Genesis buying a new equipment on credit will show in its balance sheet.
Answer:
The Beacon Roofing's book balance should be adjusted by a total of $43,977
Explanation:
For computing the right amount of book balance, the following adjustments are required which is shown below:
1. Bank Balance = $43,267
2. Less - Bank service charge = - $80
3. Add: Notes collection = $790
So, the adjusted book balance equals to
= Bank balance - Bank service charge + notes collection
= $43,267 - $80 + $790
= $43,977
The notes collection is an income so it is added whereas the bank service charge is an expense so it would be deducted.
Hence, the Beacon Roofing's book balance should be adjusted by a total of $43,977
The answer is frequent sales:
This is because all the other answers would make the shop lifter feel discouraged as there is a lot of security, when more sales would most likely have no affect
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