Answer:
Service Revenue is $89,000 and Service Expenses is $73,000
Under the Cash Basis Accounting System, transactions are only recognized if there is an inflow or outflow of Cash. This is widely practiced in the Public sector.
Explanation:
Service Revenue $89,000
Total Revenue = $89,000
Lawn Service Expenses $61,000
Lawn Service expense prepaid $12,000
Total Expenses = $73,000
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The retail value of the inventory is $478,000. The ratio of cost to retail price is 60%. What is the amount of inventory to be reported on the financial statements?
Inventory= 478,000*0.60= $286,800
Answer:
Option (c) is correct.
Explanation:
Multiplier effect = 1 ÷ (1 - marginal propensity to consume)
= 1 ÷ (1 - 0.75)
= 4
Net exports = Exports - Imports
= 0.5 - 0.7
= (-0.2)
Impact on the equilibrium income = Net exports × Multiplier effect
= (-0.2) × 4
= (-0.8),
so, the equilibrium income will fall by $0.8 trillion.
Answer:internet businesses are often called Ecommerce businesses
Explanation:
The CORRECT answer is D - Be submitted online or by mail
