A new entertainment system lol
Answer:
Explanation:
Since in the given question, the action real estate has received a check of $18k on July 1 which represents a 6 month advance payment. That means, we have to calculate for full year payment instead of 6 month.
So,
For a year = ( Amount × 12 months ) ÷ 6 months
= $18 k × 12 ÷ 6
= $36 k
Now, we have to find for 1 month because the adjusting entry was made on July 31 and the check is received on July 1.
So ,
1 month = Yearly Amount ÷ Total months in a year
= $36 k ÷ 12 months
=$3 k
Hence, the adjusting entry would be :
Unearned Rent A/c Dr $3 k
To Rental revenue $3 k
(Being adjusted entry recorded)
Answer:
B
Explanation:
The law of supply states that there is a positive relationship between price and quantity of a good supplied. This means that supply curves typically have a positive slope.
The supply is determined by:
-the price of the good or service (note 1).
-the cost of producing the good, which depends on the price of required inputs and the technologies that can be used to produce the product.
-the prices of related products.
(note 1) If desire for goods increases while its availability decreases, its prices rise. On the other hand, if availability of the good increases and the desire for it decreases, the price comes down.
In this case, if a toy became popular and the scarce increase, the price will rice and the supply quantities will increase.
Answer:
The correct answer is D
Explanation:
Computation of allocation of factory overhead cost for the Job NO 117:
Now, computing the rate of overhead allocation as:
Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours
where
Estimated aggregate overhead is $95,000
Estimated number of labor hours is 9,500 hours
Putting the values above:
= $95,000 / 9,500 hours
= $10 per hour.
Computing the overhead cost to be allocated to Job No 117 as:
Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead
where
Number of direct labor hours is 2,300 hours
Pre- determined rate of overhead allocation is 10 per hour
Putting the values above:
= 2,300 hours × $10 per hour
= $23,000
Answer:
The general purpose of Georges speech is to make people shift towards adopting ways that would reduce plastic waste.
The world is currently suffering from plastic waste which is non biodegradable. It is harming the environment and destroying sea life.
Water being the most used product, using a reusable plastic water bottle would mean you use lease disposable ones that would automatically reduce plastic waste considerable. A huge different can be made to the hearths environment through it.