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JOURNAL ENTRIES Jean Akins opened a consulting business. Journalize the following transactions that occurred during the month of January of the current year using the modified cash basis and a combination journal. Set up special columns for Consulting Fees (credit) and Wages Expense (debit).
Jan. 1 Invested cash in the business, $10,000.2 Paid office rent, $500.3 Purchased office equipment on account from Business Machines, Inc., $1,500.5 Received cash for services rendered, $750.8 Paid telephone bill, $65.10 Paid for a magazine subscription (miscellaneous expense), $15.11 Purchased office supplies on account from Leo's Office Supplies, $300.15 Paid for one-year liability insurance policy, $150.18 Paid part-time help, $500.21 Received cash for services rendered, $350.25 Paid electricity bill, $85.27 Withdrew cash for personal use, $100.29 Paid part-time help, $500.
A firm has fixed cost of 2,000.Its short-run production function is y+4X and one-half, where x is the amount of variable factor it uses. The price of the variable factor is $3,000 per unit. Illustrate where y is the amount of output the short-run..
A site becomes wildly successful in the United States, and you decide to export overseas. Answer the following:
A sample that does not over represent any portion of the population also whose responses can therefore be safely generalized
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed numerous standard designs
Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage interest payments. A Typical consumer's marginal tax rate is 25% and the elasticity of demand for new homes is -1.5..
q1. assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of 1 million per restaurant.
Suppose the government wants to achieve a level of Y=2,000. What level of T must be set to achieve the goal? Where C=200+0.5(Y-T), I=800, and G=300
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
Elucidate how many workers the firm should hire for different values of the wage rate in order to maximize profit.
q1. compare the supply and demand conditions in both locations. how many people live in each place? what is the weather
which of following is a characteristic of a binomial experiment. A. at least 2 outcomes are possible b. probability changes from trial to trial c. trials are independent d. None of these alternatives is correct.
Illustrate what does this theory predict about the term structure of interest rates in terms of how the yield of long term bonds are related to yields on a sequence of 1 year bonds.
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