Answer:
Debit Fees Revenue and credit Income Summary for $10,000
Explanation:
The journal entry for recording the closing the revenue account is as follows
Fees revenue Dr $10,000
To Income summary $10,000
(Being the closing of revenue account is recorded)
For recording this we debited the fees revenue and credited the income summary so that the correct recording and posting could be done
Answer:
The answer is: B) II or III
Explanation:
A loan commitment is a bank’s (or any other type of lender) promise to offer a loan of a specified amount to a borrower.
A line of credit is an agreement between a bank (or other financial institution) and a customer for a maximum loan amount the customer can borrow.
A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.
<h3>What are absolute advantages and comparative advantages?</h3>
Comparative advantage exists when a country produces a good or service for a more subordinate opportunity cost than other countries. Opportunity cost estimates a trade-off. A nation with a comparative benefit creates the trade-off worth it. Absolute advantage is an economic concept that exists utilized to refer to a party’s superior production capability. Specifically, it directs to the ability to produce a particular good or service at a lower cost.
Comparative advantage exists concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily indicate an economy should produce that good. It is not advisable to try and produce everything. Absolute Advantage: The ability of an actor to produce better of a good or service than a competitor. Comparative Advantage: The capability of an actor to produce a good or service for a lower opportunity cost than a competitor.
To learn more about absolute advantages refer to:
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Answer:
Option "E" is the correct answer to the following question.
Explanation:
It is believed that fashion can change in a small interval of time. Fashion related.
goods or merchandise may be the change in a small interval.
Fashion is completely based on the thinking of human, with the changing of human thinking, fashion also keeps changing.
Therefore, Fashion merchandise's demand depends on short period of time.
Answer:
$2,842
Explanation:
total amount that the PPO will pay = $20,300 x 70% = $14,210
Marie has to pay 20% of that amount = $14,210 x 20% = $2,842
A preferred provider organization (PPO) is a type of healthcare insurance that provides discounts if you use their network physicians and providers. In this case, Marie received a 30% for going to that hospital.
