I believe it’s b.
Sorry if it’s wrong I’m not sure
Answer:
Seashells were better than corn.
Explanation:
I think shells were the better choice. They were also used as ornaments. The shells were very easy to use and durable. Payments were made using shells. The shells are considered as the oldest form of currency and they originated in ancient China.
It helped in a growing trade. Shells were the part of commodity money.Sea shells were used as a whole or partial. Shells were used either in the shape of beads or artificially shaped.
Answer:
a. Services performed but unbilled totals $600.
- Accrued revenue
- Accounts receivable was understated before the adjustment
b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.
- Accrued expense
- Supplies was overstated before the adjustment
c. Utility expenses of $275 are unpaid.
- Accrued expense
- Utilities expense was understated before the adjustment
d. Service performed of $490 collected in advance.
- Unearned revenue
- Revenue was overstated before the adjustment
e. Salaries of $620 are unpaid.
- Accrued expense
- Wages expense was understated before the adjustment
f. Prepaid insurance totaling $400 has expired.
- Prepaid expense
- Insurance expense was understated
Answer:
Effect on income= $12,038 increase
Explanation:
Giving the following information:
Variable costs as a percentage of sales for Lemon Inc. are 74%
How much will operating income change if sales increase by $46,300.
<u>To calculate the effect on income, we need to calculate the increase in total contribution margin:</u>
<u></u>
Total contribution margin change= 46,300*(1-0.74)
Total contribution margin change= $12,038 increase
Effect on income= $12,038 increase
