The answer to your question is,
B) Demand has increased.
When demand increases, so does price and same with quantity.
-Mabel <3
Answer: Competitive aggression is exploiting a distinctive competence or improving internal efficiency for competitive advantage. Your answer is D.
The correct options are :
a. Utilities Expense 680
Accounts Payable 680
b. Accounts Payable 680
Utilities Expense 680
c. No journal entry is required.
d. Cash 680
Utilities Expense 680
e. Utilities Expense 680
Accounts Receivable 680
Answer:
a. Debit Utilities Expense $680
Credit Accounts Payable $680
Explanation:
Russel Co has received a utility bill for the current month but they intend to pay next month.
Since the expense is for this month it must be recognised now. So there will be a debit to the Utilities Expense account for $680.
The payment is not being made now but in the next month. This is an amount the business owes so it will be recorded as a credit to Accounts Payable of $680
Accounts payable is used to record monies that the business owes its creditors. Payments are due at a future date.
Answer:
The question is missing the below details:
inflation rate of Zero % = real rate of 6%
inflation rate of 2.8% = real rate of 3.2%
inflation rate of 5.8% = real rate of 0.2%
Explanation:
The interest rate consists of both the real rate of return and the inflation rate- return meant to compensate investors the prevalent rate of return in the economy.
Nominal rate=real rate+Inflation rate
real rate=nominal rate-inflation rate
at inflation rate of 0
real rate =6%-0
real rate -6%
at inflation rate 2.8%
real rate=6%-2.8%
real rate=3.2%
at inflation rate of 5.8%
real rate=6%-5.8%
real rate=0.2%
Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $7,800
Photography equipment A/c Dr $34,800
To Common stock A/c $42,600
(Being common stock is issued for cash and photography equipment )
2. Prepaid insurance A/c Dr $3,400
To Cash A/c $3,400
(Being prepaid insurance is recorded)
3. Office supplies A/c Dr $1,010
To Cash A/c $1,010
(Being office supplies are purchased for cash)
4. Cash A/c Dr $4,631
To Photography fees earned A/c $4,631
(Being cash is received)
5. Utilities A/c Dr $805
To Cash A/c $805
(Being utilities are paid in cash)