Answer:
The first journal entry was not the most appropriate, but since the mistake was correctly adjusted at the end of the year, both assets and expenses will be the same whether they did it correctly the first time or they had to adjust a mistake at the end of the year.
E.g. something like this happened
October 1, rent expense for 1 year
Dr Rent expense 12,000
Cr Cash 12,000
December 31, adjustment to rent expense
Dr Prepaid rent 10,000
Cr Rent expense 10,000
they should have recorded it as:
October 1, prepaid rent for 1 year
Dr Prepaid rent 12,000
Cr Cash 12,000
December 31, adjustment to rent expense
Dr Rent expense 2,000
Cr Prepaid rent 2,000
Whichever way you recorded the transactions, the balances a the end of the year would be:
prepaid rent (asset) $10,000
rent expense (expense) $2,000
Answer:
c. customer relationship management
Explanation:
Customer relationship management -
It is the method , to manage the interactions of the present or previous customers with the company , by using the data , is known as the customer relationship manangement .
It make use of all the previous data in order to increase the business realtionship with the cutomers , for better profit .
The CRM , takes help from the website of the compnay , emails , chats and even social media , to perform its task .
They started Arby's. Thank you for coming to brainly and I hope I was able to answer your question.
Answer:
Our P = 17540 $
Explanation:
Amount of Insurance Policy = 50000$
premium reserve at 10th Year = 8000$
Net Premium for the policy = 900$
Annual Interest Rate = 6%
Net Premium at the age of 46 = ????
900 * 10 years = 9000$
9000 + Interest rate @ 6% = 9540$
Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$
P = 17540 $
Note: As similar policy have interest rate @ 6%,which is paid every year,
At the age of 46, Net premium reserved amount also will be recovered.
Answer:
The correct option is c. $8.
Explanation:
Ken will maximize utility where the following equation holds:
MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips ................. (1)
Where;
MU of Sprite = Marginal utility of Sprite = 3
Price of Sprite = $1 per can
From the table in the question, equation (1) holds at the point where Marginal utility of potato chips is 6 since the Potato chips cost $2 per bag.
Substituting the values into equation (1), we have:
MU of Sprite / Price of Sprite = MU of potato chips / Price of potato chips => 3 / 1 = 6 / 2 = 3
Since when the marginal utility of potato chips that maximizes utility is 6, Ken consumes 4 Bags of Potato chips monthly and pays $2 per bag at this point, the amount he spends on potato chips each month can be calculated as follows:
Amount spent on potato monthly = Number of bags of Potato chips consumed monthly * Cost of potato chips per bag = 4 * $2 = $8
Therefore, the correct option is c. $8.
