Answer:
Disability Buy-Sell; The premiums are not deductible, but the benefits are received income tax-free.
Explanation:
Answer:
(B) What must be given up to acquire it
Explanation:
Opportunity cost, in a simple language, means trade-off or an income or savings that we need to forego.
It is the amount or value of a certain event or activity that must be given off due to choosing one alternative over another.
In this case, the salary of $50,000 per year is the opportunity cost.
Answer:
Skimming
Explanation:
Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.
Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.
Answer:
The correct answer is A. Accounts payable turnover.
Explanation:
Accounts payable directly refer to the obligations contracted by the company in the past, which is not directly related to the inventory in the referenced terms. On the other hand, the other three ratios do analyze the behavior of the acquired goods and their management within the organization.
Answer:
$53,980
Explanation:
Calculation for what the amount of the adjusting entry is:
Using this formula
Adjusting Entry Amount= Beginning Balance − Ending Balance
Let plug in the formula
Adjusting Entry Amount=$73,210-$19,230
Adjusting Entry Amount=$53,980
Therefore the amount of the adjusting entry is: $53,980