Adjusting entries to record expenses incurred in the current period, that will be paid in a future period, is described as

marysya [2.9K]

Edu means education so normally it is a college or other school website

6 0

3 years ago

Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she quits her job, sells $100,000 w

Akimi4 [234]

Answer:

Economic profit $10,000

Explanation:

Income earned as an assistant professor = Salary + Interest on bonds = 75000 + 5% on 100,000 = 75000 + 5000

Income earned as an assistant professor = $80,000

Income from the bookstrore = $90,000

In calculating economic profit, opportunity costs are deducted from revenues earned.

Economic profit = $90,000 - $80,000 = $10,000

4 0

3 years ago

A benefit of using GDP per capita instead of GDP is that GDP: takes into account the size of the population when measuring the v

sweet [91]

Answer:

It takes population size into account when measuring the value of goods and services.

Explanation:

GDP per capita is gross domestic product divided by the total population of a given economy. Thus, unlike the GDP-only measure, which measures the absolute value of domestic production, per capita GDP assesses how much a country's economy is growing per individual, that is, it shows the evolution of production per person.

7 0

3 years ago

Andrea and Phillip have been married for two years when they walk into the local State Farm agent's office. They see a banner (w

Amanda [17]

Answer:

$343

Explanation:

Andrea and Phillip's annual premium cost can be calculated using the cost per thousand formula:

cost per thousand = annual premium / thousands of coverage

cost per thousand = $0.98
thousands of coverage = $350,000 / $1,000 = 350

$0.98 = annual premium / 350

annual premium = $0.98 x 350 = $343

5 0

3 years ago

How does cvs define the value, “innovation”?

Lina20 [59]

Innovation can be defined simply as a "new idea, device, or method". However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. This is accomplished through more-effective products, processes, services, technologies, or business models that are readily available to markets, governments and society. The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society. It is related to, but not the same as, invention. Innovation is often manifested via the engineering process. The exnovation is the opposite of innovation.

7 0

3 years ago