Answer:
Explanation:
hey there.here is your answer
The great economic problem is how to arrange our limited resources to satisfy as many of our wants as possible. Resources are not equally valuable in all uses, so we must choose where to allocate our resources in order to get the most value out of those resources
Hope you like it
pls mark it the brainliest
Answer:
The answer is true
Explanation:
Unearned Subscription Revenue is the revenue that has not been earned but the money has been received ahead of the service. It is termed as a liability because the customer can terminate the contract anytime.
As the customer enjoys the service, subscription revenue will be recognized monthly by the calculated proportion and this unearned subscription revenue will decrease by the same amount.
12-month subscription is $360
Therefore, the subscription charge for each month will be $30($360/12months).
August 1 through December 31 is 5 months.
Therefore, the amount for adjusting entry on this day will be $150(5 months x $30).
Note: Debit increases asset and expenses while credit decreases it. And debit decreases liability, equity, revenue while credit increases it.
Answer:
Equity Stripping
The lender makes a loan based upon the equity in your home, whether or not you can make the payments. If you cannot make payments, you could lose your home through foreclosures
Answer:
C) This is referred to as accretion of the security.
Explanation:
The security is amortized when the principal and interest is employed in paying down the debt.
Depreciation Expense 3,060
Accumulated Depreciation 3,060
72,200-3,400=68,800/8yr=8,600*4yrs=34,400-72,200=37,800
37,800-7,200=30,600/10yr=3,060 annual depreciation
