Explanation:
1. The journal entry is as follows:
On March 1
Prepaid insurance A/c Dr $36,000
To Cash A/c $36,000
(Being the prepaid insurance is recorded for cash)
For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.
The benefits or arriving on time to work and work related meetings would be getting a chance to prove your responsibility. You could also prove the your there to work hard. You could get a raise for always being in time. You could eventually get a better job. Or made a manager
Answer and Explanation:
a) The reason Company B installed unwanted apps could be because they have a contract with third party app development companies in which the third party firm pays them for installing their apps on their mobile phone. Also, since they have 70% of the market share, the third party companies know the dominant firm's mobile phones are bought by majority of the people Country A.
b) Possible reason could be that the company wants the consumers to have important apps pre-installed in their mobile phones so that they would not have to face the hassle of downloading the apps on their own. Basically for their convenience.
Monopoly is a market structure where one firm has absolute market power subject to government regulation. It includes unique product or no close substitution, market entry and exit is quite hard, non price competition is non existent. Therefore, as a lawyer representing the consumer, I would look into the above conditions that influence monopoly. Such as if the market entry of new entrants is hard or not. Also, since the firm holds 70% of the market share, it is quite evident that the firm is the single dominating company within the industry. This could be one of the major thing that could identify that this is a monopoly market structure.
c) In the case of being a lawyer and representing the firm, the best data I could gather is that mobile phone is not a unique product and the 30% of the market share is still catering to the demand of the people within Country A. Therefore, there is potential for other firms to launch a mobile phone which has no pre-installed apps and customers could buy their product.
Answer: Individual values
Explanation: In simple words, individual values refers to the personal beliefs and ideas on individual of what he or she considers good or bad. These beliefs starts developing right from the childhood and gets shape from the experiences over time.
In the given case, The organisation at which Shania works has strict working culture but due to the lenient behavior from her manager she takes advantage of coming late.
Hence from the above we can conclude that the correct option is A.
Answer:
Cash flows from operating activities for 2016
Particulars Amount
Net income $1,269,000
<em>Adjustments</em>
Depreciation expense $159,000
Increase in accounts receivable -$152,000
Decrease in inventories $108,000
Decrease in prepaid expenses $62,000
Decrease in salaries payable -$30,000
Increase in income taxes payable <u>$44,000 </u> <u>$32,000</u>
Net cash inflow from operations <u>$1,460,000</u>
