Cakery Bakery received $1,000 from a customer on August 5, 2016 for a wedding cake to be delivered on September 19, 2016. What w

Answer:

(i) reveals the contribution of the last unit of production to total profit

and

(ii) is helpful in making profit-maximizing production decisions.

Explanation:

As MR and MC can tell u what the last output contributed to the profit. change in profit = MR-MC. So we can gain insight on the profit and firm can then according to this make decision on how much to produce i.e. level where MR = MC.

Answer: Personal Digital Assistants

Explanation:

Personal Digital Assistants are a range of small handheld mobile devices that used to be very popular with working class people as they provide computing and storage uses which are very important in the business world for purposes such as keeping schedules and address books. They were like mini-computers that had small keyboards and sometimes a sensitive pad that could be written on.

Usually termed the 'first Smartphones', PDAs were immensely popular in the 90s and the early 2000s but have since been largely replaced by Smartphones which can perform all their duties and more.

Answer:

price of preferred stock = $465.65

Explanation:

given data

annual dividend = $18

return = 3.2 percent = 0.032

solution

we know prefer stock price is express as

prefer stock price Vp =

here Vp is value of preference share and d is constant dividend and Kp is rate

so

prefer stock in 6th year will be = = $562.50

so that price of preferred stock today =

price of preferred stock =

price of preferred stock = $465.65

Answer:

Given that,

Number of employees who work for 8-hours a day = 15

Annual paid leaves for each employee = 10

Average hourly wage rate(2017) = $24.00

Average hourly wage rate(2018) = $25.50

Average vacation days used by each employee in 2018 = 9

Therefore, the Journal entries are as follows:

(1) On 2017,

Wages expense A/c       Dr.  $28,800

To vacation wages payable                    $28,800

( 15 × 8 hrs × 10 days × 24)

(vacation wages)

(2) On 2018,

Wages expense A/c                                                   Dr. $1,620

Vacation wages payable(15 × 8 hrs × 9 days × 24) Dr. $25,920

To cash ( 15 × 8 hrs × 9 days × 25.50)                                             $27,540

(cash paid for vacation wages)

(3) On 2018,

Wages expense A/c       Dr.  $30,600

To vacation wages payable                    $30,600

( 15 × 8 hrs × 10 days × 25.50)

(vacation wages due in 2018)

Answer:

Explanation:

D