Answer:
the ending balance of the unearned revenue is $3,225
Explanation:
The computation of the ending balance is shown below:
= Amount received from the customer for performing the future service + balance in the account
= $500 + $2,725
= $3,225
Therefore the ending balance of the unearned revenue is $3,225
The above formula should be applied
<h2>The given statement is partially true.</h2>
Explanation:
A traditional cover letter consists of introduction, paragraph and it includes header, argument and closing.
Header:
- Your name, address, phone number and date
- The person addressed, contact details
Introduction:
- Salutation
- Introducing the communication
- writing about goals
Argument:
- Convincing and reinforcing the point
- Quote the importance
- Provide facts (if any)
Closure:
- Inform about the follow ups
- Re-insist the important factor
- Sign off with the signature
Answer:
The correct answer is letter "D": the quantity demanded of cereal will increase.
Explanation:
According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).
In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.