Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185
To determine the total assets, we only have to consider the following:
</span>cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
<span>accumulated depreciation <u> (1,100) </u>
</span>Total assets: 22,930 CHOICE D.
NET INCOME:
fees earned 9,250
<span>wages expense (2,500) </span>
<span>rent expense (1,960) </span>
<span>utilities expense (775) </span>
<span>depreciation expense (250) </span>
<span>miscellaneous expense <u> (185)</u>
</span><span>Net Income 3,580
LIABILITIES AND S.H.E
</span>accounts payable 1,900
<span>notes payable 4,300 </span>
<span>common stock 1,000 </span>
<span>retained earnings 12,940 </span>
<span>dividends (790)
</span>Net Income <u> 3,580</u>
TOTAL LIABILITIES & SHE 22,930
Answer:
C. highly inelastic
Explanation:
An excise tax on a product will increase its price from the equilibrium point, to a higher point set by the government.
If the government was to enhance its revenue by this means, it should enact the excise tax on products that are highly inelastic.
This is because a highly inelastic product is one whose quantity demanded does not fall considerably even if the price rises a lot.
This means that even if the product is more expensive after the excise tax, consumer will continue to buy it, increasing government revenue in this way.
Passing the GED tests can result in a credential that's commonly considered equivalent to a high school diploma
The correct answer would be Incentive.
Incentive is a thing that motivates or encourages one to do something.
Answer:
a.9.313hr
b.116.4%
c.104.0%
Explanation:
(a) Hstd= 75(7.45)/60 = 558.75/60 = 9.313 hr
(b) Ew= 9.313/8.0 = 1.164 = 116.4%
(c) Time worked = 480 – 13 = 467 min
Tc= (467 min)/(75 pc) = 6.227 min/pc
Tn= 7.45/(1 + 0.15) = 6.478 min/pc
Pw= 6.478/6.227 = 1.040 = 104.0%
