Other part of question attached
Answer and Explanation:
Answer and explanation attached
Answer:
a.
Debit Credit
Salary expense $5,300
($26,500/5)
Salary payable $5,300
b. Debit Credit
Salary expense $21,200
($26,500/5*4)
Salary payable $21,200
Explanation:
a. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the monday is given below:
Debit Credit
Salary expense $5,300
($26,500/5)
Salary payable $5,300
b. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the thursday is given below:
Debit Credit
Salary expense $21,200
($26,500/5*4)
Salary payable $21,200
Complete Question:
As compared to a traditional income statement format, an income statement organized by cost behavior does not include:
a contribution margin.
b cost of goods sold.
c operating income.
d revenues
Answer:
As compared to a traditional income statement format, an income statement organized by cost behavior does not include:
b cost of goods sold.
Explanation:
Cost behavior describes the classification of costs into four main patterns because of the way they respond to changing activity levels. The four basic cost behavior patterns are fixed, variable, mixed (semi-variable), and step. These cost behavior patterns remain valid within the relevant production and sales range or activity level or volume.
Answer: A. consumer expectation of an increase in their future income.
Explanation:
The supply curve is simply a graph that shows the relationship that is between the price of a particular good and the amount of quantity that is supplied.
A leftward shift in the supply curve for a good simply means that less of that good is supplied. All tye options will cause less of the goods to be supplied except consumer expectation of an increase in their future income.
Answer:
scarcity is the fact that people must make choices as they try to attain their goals.
Explanation:
- Scarcity is a commodity's lack of availability, and may be in consumer or commons production.
- Scarcity often includes a lack of resources for buying goods from a person. There is plenty to the reverse of lack.
- Scarcity provides limited resources than is required to fulfill human needs and desires.
so, we say that scarcity leads to dissatisfaction.
therefore the right answer is Scarcity.
