Answer:
Balance Cash Adjusted CASH $5,860
Explanation:
CASH $3,400
bank service fees ($60) >>> The banks' fees must be record as expenses.
Bank Expenses $60 Debit
CASH $60 Credit
NSF check from a customer ($370) >>> A collection made to a client, it means we have a balance in the accounts receivable.
CASH $370 Debit
Accounts Receivables $370 Credit
Customer's note receivable collected by the bank $(2,000) >>> A collection of a note receivable made by the bank, it means we have a balance as note receivable in the balance sheets.
CASH $2000 Debit
Note Receivable $2000 Credit
interest earned $(150) >>> The interest earned had to be recognize in the income statement as income statement.
CASH $150 Debit
Interest Income $150 Credit
CASH $5860
Answer:
C. $500
Explanation:
According to neoclassical economic theory, the factors of production are paid their marginal product. This payment is called the factor price.
In this case, labor is the factor of production, and the factor price is the wage, therefore, the wage is equal to the marginal product.
If the 10th worker has a marginal product of 10 units of output, and each unit of output is worth $50, then, his wage is:
10 x $50 = $500
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
Answer:
The correct option is A
Explanation:
Taobao is a online shopping market place in China but the website started to sale the counterfeit products which is a violation of the rights. So, the US representative blacklist the site. The reason for blacklist is to protect the national security as the counterfeit products if sold on the site then it would create problem for other online websites and which will create problem in the US trade.
Answer:
True
Explanation:
This statement is quite reasonable that most disgruntled guests complain but this is not entirely fair as some disgruntled guests do not even complain.
A satisfied guest is one who wishes for something and sets a price for it. Sometimes guests do not complain even when one of these two is fulfilled.