Answer:
B. There is an increase in income and "spring shoes" are a normal good.
Explanation:
To eliminate the disequilibrium in the market for shoes, spring shoes firstly needs to be seen as a normal product because if it is seen an inferior product then as people's Income rises they woudnt want to buy inferior products because they have the income to buy normal products. As people income rises, since spring shoes is seen as a normal product, then people will buy springshoes
The answer that will fill in the blank is cost of goods sold
because the merchandiser’s main expense is the cost that they receive in goods
that they have sold to the consumers. The merchandiser is the one responsible
of ensuring products are placed and are properly organized in the store.
Answer: Debit Unearned Fees, $8,145; Credit Fees Earned, $8,145.
Explanation:
The $32,580 are for 36 months so the amount per month would need to be calculated.
= 32,580/36
= $905
The subscriptions were paid on the 1st of April which means that only 9 months (April to December) of the first year will have revenue recognized for them.
= 905 * 9
= $8,145
Correct entry would be to debit the Unearned fees account as it is a liability that needs to reduce to reflect that fees have now been recognized.
Credit the Fees Earned account to recognize revenue.
Debit Unearned Fees, $8,145; Credit Fees Earned, $8,145.
It’s C because all the numbers add up to be it and so it is and just saying don’t listen to this answer cause I guessed
I think the answer is C but i could be wrong
