Answer:
Debit Cash Account $12,000
Credit Unearned Revenues Account $12,000
Being advance payment for marketing research services by Anderson
Explanation:
Revenue received before it is earned are reported as liability until it is earned, this is consistent with accrual basis of accounting. when payment for service not yet performed or goods not yet delivered is received, such a payment must not recognized in the period of payment but in the period when that service is preformed or when the goods are delivered.
The treatment for advance payment of income is a debit to cash or bank and a credit to unearned revenues account or income received in advance account.
I have a lot to say about the president and president for
The invisible hand is the phrase initiated by Adam Smith as the economic theory. The idea behind the invisible hand has been the development of the policy by the government guiding the economy.
<h3>Who was Adam Smith?</h3>
Adam Smith was the Scottish economist of the eighteenth century. In his book, "The Wealth of Nations" he introduced the phrase the invisible hand.
The idea has been the development of the policies by the government as the invisible hand for the producers and the consumers that made the guide to the economy.
Learn more about the invisible hand, here:
brainly.com/question/3078419
Answer:
The correct answer is letter "C": charges a higher price but produces the same monopoly level of output as when a single price is charged.
Explanation:
Price discrimination refers to setting prices differently according to certain consumers' features such as age, location or income. There should always be a reasonable excuse for the prices to be established at different levels for different people otherwise it would represent discrimination.
Free-price discrimination<em> takes place when a monopolist offers a good or service setting the price at the maximum level different consumers can afford. The production level of the monopolist keeps being the same which allows the company to book higher revenues.</em>
Answer: (A) Infrastructure
Explanation:
The infrastructure is one of the component of marketing assessment as it helps in developing the various types of essential social and the internet platform for building the business.
According to the given question, Angie is basically managing the market assessment and focusing on the four major key component are as follows:
- Transportation system
- Commerce
- Distribution channel
- Communication system
Therefore, The Angie is basically evaluating the infrastructure market assessment as it helps in maintaining the services and the structure in the business firms.
Therefore, Option (A) is correct answer.
