Answer:
a. $11,000
b. $2,200
Explanation:
According to the cash basis accounting, the cash is recorded when actual cash is received
But as per the accrual basis of accounting, the revenue is recorded when it is realized or earned whether cash is received or not
So,
a. Cash basis = $11,000
b. Accrual basis
= $11,000 ÷ 10 months × 2 months
= $2,200
Answer:
Dr unearned rent $25,019
Cr rental income $25,019
Explanation:
The cash received on June 1 20Y2 for 12 months rent would have been debited cash while the unearned rent account would have been debited with the same amount.
As of December 31, 20Y2, the rent of 7-month(June-December) have now been earned and adjusted as follows:
earned rent for 7 months=$42,890*7/12=$25,019
The earned rental income would be debited to unearned rent and credit to rental income
Answer:
Flashfone and Pictech
The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.
Explanation:
a) Data and Calculations:
Pictech
High Low
High 8 8 3 10
Flashfone
Low 10 3 5 5
b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively. This payoff level does not put any of the two firms at a disadvantage.
A self-motivation was ablt to fit into the career readiness model because it is an attitude.
<h3>What is a
self-motivation?</h3>
It refers to the personal ability to motivate and drive oneself to take initiative and action to pursue set goals and complete tasks.
Therefore, the self-motivation was ablt to fit into the career readiness model because it is an attitude that is innate in an individual.
Read more about self motivation
<em>brainly.com/question/11871721</em>
The telecommunication market structure is considered an oligopoly market when there are high barriers to entry into the market.
<h3>What is a market?</h3>
A market is a place where the goods and services are being acquired by consumers and sold by retailers.
The oligopolistic market is a type of market structure where the control has been exercised by only the fewer firms over the entire market and doesn't allow new firms to enter the market. They initiate the barriers in the form of patenting of products, licenses from the government, adoption of expensive technology, etc.
Therefore, the creation of the barriers to entry of the new firms will mark the given market structure to be oligopolistic.
Learn more about the oligopoly in the related link:
brainly.com/question/14148752
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