Answer:
Amount in $
Dr. Cr.
Salaries Expense 1,300
Salaries Payable 1,300
Salaries to be paid in august
Bank 20,000
Long term loan 20,000
Loan received from bank on a 10 year note
Interest Expense 200
Interest payable 200
Expense on loan for 10 years ( 20,000 *.12*1/12)
Revenue 2,400
Receivable 2,400
Unrecorded revenue
Explanation:
1. Salaries are payable in august so a payable will be recorded for the amount. and an expense will be booked for the month.
2. Since this loan is for a period of more than 12 months so it will be treated as long term and interest on it will be calculated as mentioned above.
3. Unrecorded revenue will be recorded at mentioned above.
Answer:
$121 unfavorable
Explanation:
The computation of the activity variance is shown below:
Activity variance = Planning budget amount - flexible budget amount
where,
Planning Budget is
= $26,100 + $12.10 × 2000
= $50,300
And,
Flexible Budget is
= $26,100 + $12.10 × 2010
= $50,421
So, the activity variance for personnel expenses is
= $50,300 - $50,421
= $121 unfavorable
Answer:a,b and c.
Explanation:
E= Economics
S= Sociology
From statement 1,
E= 40
S= 30
E+S = 40+30
Thus, E+S = 70
Hence, option "a" is a possible combination.
From statement 1 also,
E/2 + S = (40/2) + 30 = 20+30=50
Hence option "b" is correct.
From statement 2,
E= 30
S = 50
E+S = 30+ 50 = 80
2E + S =(2×30) + 50 = 60+50=110
Thus, "c" is correct.
for option d
E+ S = 20 will be tested using statements 1 and 2 separately.
Using statement 1,
E+S = 30+40=70 which is not equal to 20. Hence option "d" is wrong.
Also, using statement 2,
E+S = 30+50= 80 which is not equal to 20. Hence option d fails to satisfy statement 2.
Hence the equations that describe possible combination of pages of Economics and Sociology are equations a, b, and c.
Explanation:
the characteristics are as follows:-
1. Natural resources are useful, profitable and beneficial .
2. Natural resources have limited availability.
3. They are potential for depletion or consumption.
4. Natural resources are non-renewable sources in nature.