If a monopolist or a perfectly competitive firm is producing at break-even point then they're basically equaling their average revenue to the average total cost - ii.
This basically means that they are operating at a level where the amount which they produce relates to the amount they spend.
Answer:
- The adjustment causes an increase in an asset account and an increase in a revenue account.
- Accounts receivable is usually increased when accruing revenues.
- They refer to revenues that are earned in a period, but have not been received and are unrecorded.
- They refer to earnings which have been earned but not yet billed.
Explanation:
Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.
When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.
I interviewed a local talent management firm's about her business problem that they currently experienced.
Currently, they faced problem from the power of social media. In the past, many artists relied on talent management firm to gain exposure, but today, they can find that exposure through social media. (i.e : youtube, facebook)
Given:
salary: <span>$10.50 an hour
25 hours a week
expenses:
Cellphone bill: $65/month
car insurance: $1,200/yr
*20% taxes.
There is no specific question but I will solve for Marcus net earnings for the year.
25 hours/week * 52 weeks/yr = 1,300 hours/year
Wages: 10.50 per hour * 1,300 hours/year = $13,650 Gross salary per year
Taxes: 13,650 * 20% = 2,730
13,650 - 2,730 = 10,920 net salary for the year
Cell phone bill: 65 per month * 12 months = 780
Net salary: 10,920
Cell phone bill (780)
Car insurance: <u> (1,200)</u>
Net Income: 8,940 per annum.
</span>
Answer:
The total value will not change.
Explanation:
Stock split occurs when a stock is divided into parts. The value of each stock will decline but there will be more stocks and overall value will remains same. If stock A goes through a stock split then the new price per stock will decline but the overall value to the investor will remain same.
