Answer:
The journal entries are as follows:
(a) On April 1, 2015
Notes receivable A/c Dr. $7,000
To Service revenue $7,000
(To record provide services to customer on account)
(b) On June 1, 2015
Notes receivable A/c Dr. $11,000
To Cash $11,000
(To record company lends to one of the vendors)
(c) On November 1, 2015
Notes receivable A/c Dr. $6,000
To Accounts Receivables $6,000
(To record accepts payment for prior services)
Answer: Option (B) is correct.
Explanation:
Correct option: The marginal utility from consuming good A will be lower than before.
This due to the law of diminishing marginal utility. When the price of good A falls as result consumer will buy more quantity of good A. But according to the law of diminishing marginal utility, as the consumers consumes more and more quantity of good, the utility derived from an additional unit goes on diminishing.
Therefore, the marginal utility from consuming good A will be lower than before.
Answer:
1. groups costs into meaningful buckets that are then distributed based on the activity or product they support.
Explanation:
Activity based costing basically categorizes various overheads into different activities, that leads to charge of overheads based on different activities.
In this manner overheads that shall be charged on some standard products based on the activities involved is charged accordingly, and not based on standard overhead allocation rate.
Basically the overheads are divided into various activities and then distributed to each product based on the volume of activity in the manufacturing process of such activity.
It would depend on the topic
Some options:
-Bar graph
-Line graph
-Pie chart
-Area chart
-Scatter chart
-Histogram
-Map
-Funnel chart
