Answer:
B) Normal conditions are rarely encountered."
Explanation:
The most likely response from his neighbor was probably, "good luck with all that, i remember reading somewhere that Normal conditions are rarely encountered." This would be the most likely response because his neighbor is described as being jealous and skeptical. Therefore his response will most likely have a tone of hope that something happens so that the installation can't happen, such as bad weather.
Entry to close the income summary account at the end of the year:
At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:
Net income = Revenue – Expenses = 201,000-111,700 = $89,300
Hence the entry to close the income summary account at the end of the year shall be as follows;
Income Summary Debit $89,300
Retained earnings Credit $89,300
Answer:
firm must borrow $288000 to achieve the target debt ratio
Explanation:
given data
assets = $720,000
debt to total capital ratio = 40%
to find out
How much must the firm borrow to achieve the target debt ratio
solution
we get here debt here by Debt to Total capital ratio that is express as
Debt to Total capital ratio = Debt ÷ ( Debt + Equity ) ....................1
put here value we get debt
0.40 = 
debt = $288000
so firm must borrow $288000 to achieve the target debt ratio
Answer:
1. The price of a beignet is $3.00 in 2011 and Maria's wage is $27.00 per hour in 2011.
2. The price of a paperback novel is 3 beignets in 2011 and Maria's wage is 9 beignets per hour in 2011.
3. 3 Beignets
4. increases and remains the same
Explanation:
1. Nominal value is the value of a product based on the money of the day that we see. The price of a beignet is $3.00 in 2011 and Maria's wage is $27.00 per hour in 2011 are the values of the product and wage quoting the money of the day.
2. The real value of a varaible is the value in terms of the value of some other goods. In this case Paperback and Maria's wage are valued in terms of beignets.
3. The relative price of paperback is valued in terms of beignets. So if a beignet costs $6 and a paperback novel is $18. The relative price of a paperback novel will be three times the cost of beignet, since a beignet costs $6.
4. Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.
Answer:
That is correct this is a liability
Explanation:
That is correct this is a liability. That is because a liability refers to being legally responsible for something. In this scenario, since they paid you $200 for hair coloring then you owe the client that. Meaning that you are legally responsible to provide hair coloring services to the client and until you do that you are liable.
