Answer:
Explanation:
First, we have to compute the accrued interest amount, then only the adjustment entry would be made.
So,
Accrued interest = (Borrowed amount) × (rate of interest) × (number of months ÷ total number of months in a year)
= $8,000 × 12% × 2 ÷ 12
= $160
The two months is calculated from May 1, 2018 to June 30, 2018
Now, we pass the adjustment entry which is shown below:
Accrued interest expenses A/C Dr
To Interest payable
(Being adjustment entry of accrued interest is recorded)
Answer:
False
Explanation:
A lagged effect in marketing can be defined as the delay that comes from an effort put into marketing a product.
In marketing, efforts put into an advertisement can yield a greater result even after the lag period. This means that a product might need more than one advertisement and the combined effects of the advertisements will be seen overtime if not immediately.
In the above question, Joel still went on to get a Ford fusion after seeing the Toyota advert which means that something from his research must have influenced his decision. Either price, quality, or any other factors must have been responsible for Joel's choice but it is definitely not the lagged effect.
Cheers.
Answer:
False
Explanation:
To be effective, employees don't have to clearly understand their jobs and the design of the organization. This is because, an employee doesn't have to be perfect to do a good job, they just have to try their best in order to suceed.
Answer:
II) "As the cost of producing eggs rises, the supply of eggs will tend to fall."
Explanation:
The term supply refers to the quantities of a product that firms are willing to sell at the market price at a specific price or at different prices. Several factors, such as demand, cost of inputs, competition, among others, may influence the supply. As per the law of supply, everything else remaining constant, suppliers will be to sell more at higher prices.
Statement 11 describes supply better that statement 1. In statement 11, an increase in the cost of producing eggs decreases the profit realized from the sale of eggs. When the production of eggs is costly, suppliers may not have the resources to produce them in bulk. The statement recognizes that supply is influenced by demand. An increase in cost will force the suppliers to raise prices, which may lead to reduced demand.
Statement 1 asserts that an increase in price will lead to an increase in price. If the increase in price is a result of an increase in the cost of inputs, then suppliers may not increase the supply. An increase in price, followed by an increase in supply, will result in a market surplus. An increase in prices causes a decline in demand.
Answer: True
Explanation: because they are already considered in the GDP calculation when they were sold for the first time. Calculate them again means we are doing double counting.