Answer: Advertising plays a key role in the economy (either increasing or decreasing) by providing relevant information to consumers citing what they stand to benefit when they use the product or service, also the price it's sold for.
Explanation:
Advertising could be described as displaying your product before the public for awareness, which could later lead to sales. Advertising plays a key role in the economy (either increasing or decreasing) by providing relevant information to consumers citing what they stand to benefit when they use the product or service, also the price it's sold for.
Having a brand name plays a vital role to organization; the following are some;
- A brand name gives your business a face, it's all your customers need to know about you in a moment.
- A brand name is a marketing tool your customers can use to tell others about your product.
Well it is a toy manfacturing company and the intermediate good would be a toy plane
Answer:
1- Increasing
Explanation:
Term insurance is kind of a life insurance which during a specified term promises payment in case of death and when that specified term comes to an end it can be renewed (renewable term), terminated or made permanent. There are three types of term insurances.
- Renewable
- Decreasing
- Level
There is no such policy as Increasing under term insurances.
Under renewable term insurance the insurer can renew on a yearly basis without specifying specific term.
Under decreasing term insurance the insurer pays a fixed amount for the duration of the policy. The coverage of this life insurance policy declines at a predetermined rate over the life of the policy that's why the name decreasing.
Under Level term insurance the insurer also pays a fixed amount and policies under this insurance type cover a period, mostly between ten to thirty years.
Answer:
a) Journal entry
Date Account and explanation Debit Credit
June 1 Cash $108,000
Notes payable $108,000
b) Adjusting entry
Date Account and explanation Debit Credit
June 30 Interest expense $360
(108,000*4%*1/12)
Interest payable $360
c) Journal entry
Date Account and explanation Debit Credit
Dec 10 Notes payable $108,000
Interest payable (360*6) $2,160
Cash $110,160
d) Total (interest expenses)
Interest payable = $360 * 6
= $2160
Answer:
Countries have a comparative advantage in production when they can produce a good or service at a lower opportunity cost than other producers.
