Answer:
C) the demand curve for a college education has shifted rightward
Explanation:
If college enrollment has also increased, it means the demand for college education has increased. The demand curve for a college education has shifted rightward.
I hope my answer helps you
Answer:
Increase in net operating is $9,800
Explanation:
<u>Computation table</u>
Increase in sales $60,000
<u>Less:Variable expense (42%) $25,200</u>
<u>Increase in contribution $34,800</u>
<u>Less:Cost of advertising $ 25,000 </u>
<u>Increase in net operating $9,800</u>
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Answer:
1. Ending Carrying value value in 2016 = legal cost for application which is $20,000
Ending Carrying value in 2017 = legal cost of application in 2016 + legal fees incurred in 2017 = $20,00 + $8000= $28,000
2. The company should not amortize the trade as it was not impaired in 2016 and 2017.
The trade name can be amortized if it's useful life is known above which the company has determined that it will not use the trade name anymore, then it will be amortized over it's useful life.
Answer:
Future value
Explanation:
The name for computation that allows you to determine how much money to deposit now to earn a desired amount in the future is "Future value." Future value is the equivalent of an asset at a particular date. It estimates specific nominal future sum of cash that an invested sum of money is "worth" at a stipulated period in the future considering a specific interest rate, or more commonly, rate of interest; it is the immediate price multiplied by the aggregation function.
The correct option is C - Increase assets and increase liabilities
<u>Explanation:</u>
When anorganization purchases office supplies on account then it becomes essential to record such supplies as supplies on hand. Generally, in a business organization, the supllies on hand are used up within the span period of one year which means that they are to be recorded as current asset in the financial statement ( balance sheet). As no cash has been paid to merchandise, so it increases the liabilities also.
Therefore, it will increase the current assets and current liabilities.