Answer:
A. Current assets
Explanation:
Eve has prepaid her rent for the next four months. It means Eve has made payments for a service that she is yet to consume. Prepayments are currents assets. In this case, Eve's landlord owes her four months' worth of rent, only that she does not expect monetary payment.
Because Eve will use the room for four months without payments, the rent prepayment is an asset to the business.
Current assets are the assets convertible to cash in a period of one year or less. Liabilities would be the money Eve owes to third parties.
Answer:
DDC is not a public sector
Answer:
Brand Extension
Explanation:
Just took the test and passed.
Answer: Option D
Explanation: Accounting profit is always equals to or greater than the economic profit of an entity. This is due to the fact that, while computing accounting profit the accountant do no take implicit cost into consideration.
Whereas, economic profit is the amount of profit remaining after deducting both explicit and implicit cost.
Implicit cost refers to the cost of loosing profits by choosing one alternative over other.