Answer:
Explanation:
In this question, we assume that the financial year is the calendar year
The financial year is remaining for 5 months whereas the calendar year is remaining for 6 months
So for 5 months, the rent would be treated as income
And for 1 month, it would be treated as a liability
If the appropriate adjusting entry is not made.
So, the effect would be
(a) Income statement account = Revenue is overstated, expense = no effect
(b) Net Income = Since revenue is overstated, so net income is also overstated
(c) Balance Sheet account = Assets = no effect, liabilities = understated and retained earnings = overstated
<span>Answer- The fifteenth of the month. This question doesn't require a lot of thinking. In other words it is a straightforward question. The subscription for each full month is actually $30. This means the subscriptions for each day is about $1. Since the first subscription was $45, the service started on 15th of the moth ($45-$30).</span>
Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.
<h3>
What is Gross domestic product?</h3>
Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.
Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.
Therefore, correct option is B.
Learn more about Gross domestic product, refer to the link:
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Answer:
Tragedy of the Commons
Explanation:
The tragedy of the commons refers to a situation where the individual could access to the resources that are shared for their own interest.
So it is the market situation where the participant expolited the resources also there is no limited for accessing the resources
So the above term should be considered for the given situation
Answer:
The correct options are;
1) Education
2) Experience
Explanation:
The important traits that influence hiring decisions are;
1) Experience in the post advertised as always clearly outlined in job posting adverts, an experienced person will be more trusted to be able to do the advertised job than one with little experience
2) Fitting personality for the role is important especially when the job is demanding and involve grey areas such as new developments
3) Potential; The capacity to do the job and well
4) Education; Education is evidence of the ability and willingness and desire to learn.