Answer: c. a microeconomist.
Explanation;
Professor Green writing books about labor laws when taken in isolation is not enough proof that he is a microeconomist because even though labor markets and laws fall mostly under microeconomics, they should also be viewed from a macro level as well considering how unemployment affects the economy as a whole.
However, if Professor Green teaches environmental economics as they indeed do, Green is probably a micro-economist because Environmental economics traditionally falls under Microeconomics.
Answer:
b. increase expenses by $12,900
Explanation:
The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.
The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.
Answer:
C. It is a specialized form of licensing
Explanation:
Answer:
Net benefit $18
Explanation:
<u><em>Saivings from fees:</em></u>
$4 fee x 12 months = $ 48
Interst 1,500 x 0.005 = $ 7.5
Opportunity cost:
1,500 x 0.025 = <u> ( $ 37.5 ) </u>
Net benefit: 18.00
Fro mthe saving of fees and interest we should subtract the opprtunity cost, which represen the gain from putting the cash in the best interest alternative. This makes a more realistic approach than just the accounting gain.
