Answer:
Explanation:
One of these occurs when costs are not paid for, as in pollution, the other is when there is an imbalance of knowledge between buyer and seller. Pollution can be a consequence that cannot be solved with money and can also be socially irresponsible for a company. On the other hand, an imbalance of knowledge can prevent a company from profit maximization if the seller does not understand the product or services that the buyer is selling.
<u>Answer:</u>
The correct answer option is 'does not count'.
<u>Explanation:</u>
You can afford to buy the latest HDTV, which means that it does not count for you.
According to principle, demand refers to as the consumer's desire and ability to purchase a good or a service.
So for this example, if somebody can afford to buy the latest HDTV then it surely does not count as a demand for them.
Answer:
a. All three statements are true when discussing the term commercial paper
Explanation:
A commercial paper is an unsecured debts instrument used by large corporations to finance short-term credit needs. They have a maturity of 9 months or less and are usually issued at a discount. Commercial paper pay a fixed interest rate.
Commercial papers are issued by large and highly rated corporations, which make them relatively safe. Commercial papers or CP's offer a higher interest rate compared to secured investments and have a short maturity period making them attractive to investors. In some cases, wealthy individuals, commercial institutions, or banks may back a commercial paper.
Answer:
A vast majority of Democrats and a few Republicans. On this recent vote, 11 Republicans voted with the Democrats.
Answer:
Smart Touch Learning
SMART TOUCH LEARNING Income Statement December 31, 2016
Service Revenue 42,500
Depreciation Expense--Furniture 1,800
Interest Expense 200
Rent Expense 2,800
Salaries Expense 3,200
Supplies Expense 700
Total Expenses 8,700
Net Income $33,800
Explanation:
a) Data and Calculations:
SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit
Cash 14,000
Accounts Receivable 7,700
Office Supplies 100
Prepaid Rent 9,300
Furniture 16,300
Accumulated Depreciation--Furniture 5,600
Accounts Payable 1,800
Salaries Payable 400
Interest Payable 200
Unearned Revenue 4,600
Notes Payable 6,500
Common Stock 9,100
Retained Earnings 9,300
Dividends 23,900
Service Revenue 42,500
Depreciation Expense--Furniture 1,800
Interest Expense 200
Rent Expense 2,800
Salaries Expense 3,200
Supplies Expense 700
Total 80,000 80,000
b) The income statement of Smart Touch Learning shows the difference between its revenue and expenses for a given accounting period. It is used to determine the net income that the company has generated over a particular period.
