Answer:
The correct option is B,zero monetary cost but a $1,000 per month opportunity cost
Explanation:
Monetary cost also known as explicit cost is the actual costs incurred in running a business.But the business in this case is renting of the property,frankly speaking, Jeane has not incurred any cost in her property business,hence monetary cost is zero.
Opportunity is the cost or benefits from alternative course of action. Jeane not renting out the property on commercial basis is the alternative course of action in this case.Since the commercial letting gives $1500 and the letting to her brother gives $500, the difference between the two rents is $1000 which is benefits forgone from letting the house to her brother,that is the opportunity cost.
Answer:
A. Debit Unearned rent revenue for $1,200 and Credit Rent revenue for $1,200
Explanation:
The Journal entry is shown below:-
1. Cash Dr, $7,200
To unearned rent revenue $7,200
(Being six month advance rent is recorded)
2. Unearned rent revenue Dr, $1,200
($7,200 ÷ 6 months) × 1 month
To Rent revenue $1,200
(Being rent earned is recorded)
Answer: Net income Dr $14,5611
Bonus payable CR 14,5611
Narration. Bonus expenses payable to staff
Employee Bonus account Dr 14,5611
Bank/Cash CR. 14.5611
Narration. Payment of employees bonus for previous year.
Answer:
a. decrease, decrease
Explanation:
When prices increase, domestic goods becomes more expensive and the quantity of domestic goods demanded falls and export falls.
Therefore, because of the decease in quantity of domestic goods demanded, the quantity of GDP demanded falls.
I hope my answer helps you
Answer:
Controls for documenting and approving programs and changes to programs.
Explanation:
General controls are the controls established in order to function the entire information systems. i.e. All the applications and programmes.
General controls usually cover all the areas of information system, as follows:
i) Control on the operation of the company in order to ensure the efficient and effective operational activities in the information system.
ii) All the procedures required to acquire, develop, test, document and finally approve the systems, and programmes and further any changes thereto.
iii) Controls over access of any equipment or any data, for ensuring security.
iv) All other remaining basic controls for affecting the computer operations as a whole.
