There has been a study that has conducted of hazing should
be a part or not in organizations with the greek students. Almost all of the
people that have surveyed and participated had agreed to have hazing as not a
part of the organizations which led to a result of 79.4%, while the remaining
12.8% has agreed that hazing is an essential part of the organization.
Answer:
1. Purchased $11,000 of supplies on account.
Dr Supplies 11,000
Cr Accounts payable 11,000
2. Earned and collected $28,000 of cash revenue.
Dr Cash 28,000
Cr Sales revenue 28,000
3. Paid $9,500 cash on accounts payable.
Dr Accounts payable 9,500
Cr Cash 9,500
4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,600 of supplies was still on hand on December 31, Year 2.
Dr Supplies expense 8,400
Cr Supplies 8,400
Answer:
b. 3 McBurgers and 2 cans of Alpo
Explanation:
If the goal is to maximize utility, Ms. Tightwad should look into purchasing the combination that yields the highest utility.
a. 4 McBurgers, 0 Alpo cans:
b. 3 McBurgers, 2 Alpo cans:
c. 2 McBurgers, 4 Alpo cans:
d. 1 McBurger, 6 Alpo cans (assume marginal utility stays constant after the 4th can):
Since option b. yields the highest utility, she should buy 3 McBurgers and 2 cans of Alpo
Answer:
B)
Explanation:
Rachel must report $10,000 of LTCG on her tax return. (Long-term capital gains)
Answer:
Seojun's Adjusted Gross income is $140,000.
Explanation: Adjusted Gross income(AGI) is a term used in Financial accounting to describe the total amount of gross income remaining after certain deductions have been made to the Gross income of a business entity over a given period of time.
Since Seojun is not a Material participant,the $50,000 loss can not be considered in calculating Seojun's Adjusted Gross income.