Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
Answer:
C) Tangibles
Explanation:
The five variables of service quality are:
-
tangibles
- reliability
- responsiveness
- assurance
- empathy
The tangibles variable basically refers to the physical environment, the facilities, equipment, staff and other communication materials displayed by the store or restaurant.
Answer:
writing insurance laws
Explanation:
The given question is incomplete and full is here:
Which of the following is NOT a duty of the Insurance Commissioner?
A. maintaining records
B. issuing certificates of authority to transact insurance business
C. writing insurance laws
D. conducting hearings
answer is C because there is authority known as NAIC (National Association of Insurance Commissioners) to formulate and regulate insurance laws
Answer:
(d) task environment
Explanation:
Task environment relates to the external environment of a business which directly affects production of goods and services a business has to offer. This affects a business ability to reach it's goals. It comprises of:
- Suppliers : They supply raw materials which are essential for production.
- Customers: They are the ultimate users of goods. Customer wants and preferences determines the kind of product a business shall produce.
- Competitors: They affect the pricing of goods. Their strategies directly affect the business.
- Labor Supply: For any production to take place, man and material are essential. Labor supply in the market again affects pricing of the goods.
Thus, the suppliers, the labor market, and the customers make up the <u>task environment</u> of Werkley Inc.
Answer: inefficient because Steven and Ingrid could have made a mutually beneficial trade.
Explanation:
Regarding the question, Ingrid was waiting for "Mamma Mia!" show to come to town; it eventually came with tickets cost of $60. Even though Ingrid's reservation price was $75, he was not able to get a ticket as they had been sold out.
On the other hand, Steven got a ticket for $60 even though his reservation price for the ticket was $65. Steven eventually attended "Mamma Mia!" show while Ingrid does not. This is an inefficient situation because Steven and Ingrid should have made a mutually beneficial trade which could have happened if Steven had sold Ingrid the ticket for the show for $70 and they would have been better off.
