Answer:
The answer is: after 8 games
Explanation:
You can solve this problem in two ways:
Deanna Lise
Start with $15 $13
After 1 game $14.25 $12.50
After 2 games $13.50 $12.00
After 3 games $12.75 $11.50
After 4 games $12.00 $11.00
After 5 games $11.25 $10.50
After 6 games $10.50 $10.00
After 7 games $9.75 $9.50
After 8 games $9.00 $9.00
Or you can solve this equation:
= (price of arcade D - price of arcade L) / (Deanna's money - Lise's money)
= ($0.75 - $0.50) / ($15 - $13) = $0.25 / $2 = 8
Answer:
Situation 1 is a probably contingency. This recall is occurring and can be estimated as costing $2 million. This amount should be charge to the warranties payable and warranties expense accounts.
Date
Particulars
Ref.no
Debit $
Credit $
Warrantee expenses
20,00,000
Warranty payable account
20,00,000
[To record the estimated claims]
Comment
Step 3 of 3
Situation 2 is a reasonable contingency. The costs are possible and there are rough estimates for cleanup but there are also rough estimates about reimbursements for property damage. This situation would be disclosed on the balance sheet.
Situation 3 is a remote contingency. There is a small change that there could be property damage but there is no way to determine how much or what the costs could be. There is no amount marked down for this situation
Explanation:
Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250
<h3>How much is the initial outlay?</h3>
This can be found as:
= Cost of purchasing machine + Installation and delivery cost
Solving gives:
= 237,500 + 5,750
= $243,250
Find out more on fixed asset capitalization at brainly.com/question/25355478
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Answer:
people care more about their own surplus than they do about total surplus.
Explanation:
Price control can either be a price ceiling or a price floor.
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. It is usually set below equilibrium price.
Price ceiling increase consumer surplus and reduce producer surplus.
A price floor is when the government or an agency of the government sets the least price a good or service can be sold. It is usually set above equilibrium price.
Price floor increases producer surplus and reduces consumer surplus.
Producers would be advocating for a price floor because it increases their surplus, while, consumers would advocate for a price ceiling.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
Producer surplus is the difference between the price of a product and the least price the seller is willing to sell the product.
I hope my answer helps you
A. the adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.
The adjusted trial balance includes things like accrued revenues that weren't yet recorded, depreciation, unearned revenues and more.