Answer:
The Beacon Roofing's book balance should be adjusted by a total of $43,977
Explanation:
For computing the right amount of book balance, the following adjustments are required which is shown below:
1. Bank Balance = $43,267
2. Less - Bank service charge = - $80
3. Add: Notes collection = $790
So, the adjusted book balance equals to
= Bank balance - Bank service charge + notes collection
= $43,267 - $80 + $790
= $43,977
The notes collection is an income so it is added whereas the bank service charge is an expense so it would be deducted.
Hence, the Beacon Roofing's book balance should be adjusted by a total of $43,977
Answer:
her beginning basis is $16500.
Explanation:
basis of partnership
= money contributed + adjusted basis of equipment contributed
= $7000 + $9500
= $16500
Therefore, her beginning basis is $16500.
Answer:
The item that contains a comma splice is:
C. Martin Luther was born in Eisleben, Germany, about 110 kilometers from there is Wittenberg, where he nailed his ninety-five theses to the door.
Explanation:
The comma splice occurred when two independent clauses are incorrectly joined by a comma instead of a semicolon or a full stop. To avoid this comma splice, the independent clause, "about 110 kilometers from there is Wittenberg," is identified. We can either put a semicolon after Germany or a full stop. Putting a full stop separates the sentence into two.
Answer:
<u>$35</u>
<u>Explanation</u>:
Note the formula:
Total revenue (TR)= Price (P) x Q and Marginal revenue (MR) = Change in TR / Change in Q
<u>Total Revenue for 2 units of output sold</u>
= 2 x $50 = $100
<u>Total Revenue for 3 units of output sold</u>
= 3 x $45 = $135
<u>The Marginal Revenue=</u>
Change in TR (135-100) / Change in quantity (3-2)
= $35/1
= <u>$35</u>
Therefore, the Marginal Revenue If the firm sells 3 units of output, will be $35.
Answer:
DR - Interest expense - $4,400
Explanation:
DR - Interest expense - $4,400
DR - Notes payable - $10,808
CR - Bank/Cash - $15,208
