Answer: They could either use the Income and expenditure or purchases journal too.
Explanation: Because its a Yoga Studio, lots of expenses will be made and appropriate postings are to be entered on time.
The magazine ad which helps the firm to tell prospective consumers about the electronic product is as example of channel of communication in communication process.
<h3>What is a
channel of communication?</h3>
This are different mediums through which a firm or sender send its message to its intended audience.
Therefore, the magazine ad plays the role of a channel of communication because its helps to tell prospective consumers about the its electronic product
Read more about channel of communication
<em>brainly.com/question/771405</em>
The assumption in perfect competition that there is an easy entry and exit from the market implies that firms will make a zero economic profit in the long run.
<h3>Why do firms make a zero economic profit?</h3>
In a pure competition, companies are allowed to freely enter and leave.
They take advantage of this to enter a market when prices are high and economic profit is being made.
As more firms enter, the economic profit keeps decreasing as prices decrease until this profit gets to zero and then turns to economic losses.
At this point, some firms will leave the market to stop making losses. When they do, the supply will decrease which leads to prices rising once more.
The cycle will then repeat itself and keep the companies at a zero economic profit in the long run.
Find out more on perfect competitions at brainly.com/question/1748396
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Answer:
C) Cash payment of an account payable
We know that the current ratio is greater than 1, and in the formula for current ratio the assets are in the numerator and liabilities in the denominator, in this case an asset is increasing for the same account that a liability is decreasing by. So whenever the the value is above one and the numerator and denominator are decreased by the same amount the value increases.
Explanation:
Answer:
Total= $13,221.52
Explanation:
Giving the following information:
Deposited $3,200 in an account two years ago and is depositing another $5,000 today.
A final deposit of $3,500 will be made one year from now.
Interest expense= 4.85% compounded annually.
We need to calculate the final value of each deposit using the following formula:
FV= PV*(1+i)^n
First deposit= 3,200*(1.0485^5)= $4,055.01
Second deposit= 5,000*(1.0485^2)= $5,496.76
Third deposit= 3,500*(1.0485)= $3,669.75
Total= $13,221.52
