Answer:
A. Dr Wages expense 4,000
Cr Wages payable 4,000
B. Dr Interest receivable 1,500
Cr Interest revenue 1,500
Explanation:
Preparation of Journal entries
A. Based on the information given we were told that the company employees earned wages of the amount of $4,000, which will be paid on in January of next year which means that the Journal entry will be:
Dr Wages expense 4,000
Cr Wages payable 4,000
B. Based on the information given we were told that the company had earned the amount of $1,500 as interest revenue which means that the Journal entry will be recorded as:
Dr Interest receivable 1,500
Cr Interest revenue 1,500
Answer:
the $500,000 that the old production line costed must be treated as a sunk cost. Sunk costs are costs that have already been incurred and the firm cannot recover them no matter what they do. in this case, since ankle-length skirts are out of fashion, the production is useless and is worth $0.
Explanation:
Answer: A. They were caught in the logic of the prisoner's dilemma in which each player maximizing his own self-interest leads to an outcome that is worse off for everyone.
Explanation:
Answer:
$0.53 per share
Explanation:
The computation of basic earnings per share is shown below:-
Basic earnings per share = (Net income - Preferred dividend) ÷ (Outstanding common stock)
= ($50,000 - $2,000) ÷ (40,000 × 2) + ($10,000 × 6 ÷ 12 × 2)
= $48,000 ÷ (80,0000 + $10,000)
= $48,000 ÷ $90,000
= $0.53 per share
Therefore for computing the basic earnings per share we simply applied the above formula.
Answer:
The state
Explanation:
Tyler holds a property inside the city furthest reaches of a town that is on the Mississippi River. According to the laws, the property is actually possessed by the state. Property owners possess the land under NON-traversable Rivers. Tyler can move around the property, and he can use it, but on papers, it is the property of the state, and Tyler cannot auction it or transfer it to anyone else.
