Non-organic food is cheaper, and often has brand names, which appeal to the consumer more than an organic brand does.
Electric bill payable Liability
<h3>Is an electric bill considered a liability?</h3>
In our example, the utility bills for gas and electricity used in December are both an expense and a liability as of December 31.
When the utility bills are paid, the liability is eliminated.
To learn more about liability, refer
to brainly.com/question/24553900
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Answer:
C) Rise about 15 percent
Explanation:
The computation of the increase or decrease of real income is shown below:
Initial income equals to
= Nominal income ÷ Consumer price index
= $10,000 ÷ 100
= 100
If it increases, then it would be
= Nominal income ÷ Consumer price index
= $12,000 ÷ 105
= 114.28
So, the real income is increased from
= 114.28 - 100
= 14.28 approx i.e 15 percent
Answer: Option A
Explanation: A broker refers to a person or a firm who charges fees from the investors for executing their purchase and sale transactions. The broker sometimes also charge their customers for their consultancy services.
Whereas insurance agents refers to the person who sell the insurance policies to the general public and in return gets commission from the insurance company on the premiums paid by the insured.
Hence from the above we can conclude that the correct option is A.
Answer:
June 30 Dr. Cr.
Salary Expense $14,800
Salary Payable $14,800
Explanation:
Total Weekly Salary Expense = $37,000
Number of working days in week = 5 days
Salary expense per day = $37,000 / 5
Salary expense per day = $7,400
As 3 days lie in July and year end is June 30
Number of days Accrued = 5 - 3 = 2 days
Salary Expense Accrued = 2 x $7,400
Salary Expense Accrued = $14,800
