The correct answer is $3409
Explanation:
The average refers to the number or value that represents the "mean" or "middle point" in two or more values. Moreover, the general rule to find this value is to add all the values, in this case, it is necessary to add the expenses of the three months, and then divide the total by 3 (number of values) as there are three months. The process is shown below:
$3260 + $3537 + $3430 = $10227
10227 ÷ 3 = 3409
I just took the test online, It's Future Value.
Example when a person goes to a dentist he use the services of the dentist and returns with a relief. In the process he does not get any physical commodity but still he has consumed a service. Core goods providers provide a significant service component as part of their businesses.
The American Marketing Association defines services marketing as an organisational function and a set of processes for identifying or creating, communicating, and delivering value to customers and for managing customer relationship in a way that benefit the organisation and stake-holders.
Answer and Explanation:
In case when the initially $4,100 would be debited to the prepaid insurance account and there is $2,450 of accrued salaries expense
So, the financial statement for the same would be
= $4,100 + $2,450
= $6,550
The same amount i.e. $6,550 would be understated
In that case if these are not adjusted so the same would be understated
The Federal Reserve's three instruments of monetary policy are open market operations, the discount rate and reserve requirements.
