Answer:
B. An online bank has lower operating costs than a retail bank
Answer and Explanation:
The closing journal entries are shown below:
1. Appropriations Dr $305,000
To Estimated revenues $300,000
To BUdgteary fund balance $5,000
(Being budgetary accounts are closed),
2. Revenues Dr $300,000
To Expenditures $285,000
To Fund balance $15,000
(Being the financial accounts are closed)
Answer:
under
above
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
For example, if the willingness to pay for a book is $100 and the price of the book is $50.
Please check the attached image for a diagram showing consumer surplus
Consumer surplus : $100 - $50 = $50
Answer:It will not be ethical for Aaron to attend the meeting and share relevant cost data
Explanation:
Sharing of the relevant cost data will enable the competitor to have a good idea of what goes into Aaron production and it's pricing policy which may be use to the advantages of the competitor.
Furthermore there is no law that protect a firm from his competitor abuse of information obtain through mutual consent.
