Answer:
A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.
Explanation:
Short run decision affects variable factor only. Adding a new facility is a long run decision. Hence a firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies is a short run decision.
Hence, the correct answer would be:
A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.
Answer: Option (C) is correct.
Explanation:
A country has a comparative advantage in producing a commodity if the opportunity cost of producing that good is lesser in that country as compared to the other country.
From the information given in the question, it is clear that Alphaland has a comparative advantage in axes and Betaville has a comparative advantage in batons.
Hence, Alphaland will trade axes for batons only if the price of batons is lower than the cost of producing it in Alphaland. So that there is a possibility mutually beneficial trade.
Answer:
Good value, is the right answer.
Explanation:
The given blank will be filled by “good value” because when a restaurant charges or offer a value menu it means that it is just making a minimum profit in order to attract the customers. However, charging a lower price which makes minimum profit results in the good value pricing process. Additionally, good value pricing is a technique to increase their sales.
Answer:
April 1. Paid six months of rent, $4,800
Requires Deferred expense-type of adjusting entry
April 10. Received $1,200 from customer for six month service contract that began April 1.
Requires Deferred revenue-type of adjusting entry
April 15. Purchased a computer for $1,000.
Requires Deferred expense-type of adjusting entry
April 18. Purchased $300 of office supplies on account
Requires Deferred expense-type of adjusting entry
April 30. Work performed but not yet billed to customer, $500
Requires Accrued revenue-type of adjusting entry
April 30. Employees earned $600 in salaries that will be paid May 2.
Requires Accrued expenses-type of adjusting entry
