Answer:
B. $ 920 increase liabilities, increase expenses
Explanation:
The interest expense for the entire duration of the loan (1 year) may be determined as the product of the interest rate percentage on the principal amount borrowed.
As such, interest for the duration of the loan
= 4% * $92,000
= $3680
As at the end of the first quarter (March 31), amount of expense to be accrued
= 1/4 * $3680
= $920
To account for this,
Debit Interest expense $920
Credit Accrued Interest $920
Hence Expense increase as well as liability in form of accrued expense.
Answer:
Resource Market
Explanation:
A resource market is a market from where businesses purchase inputs that can be used for production.
Resource Market is a market where labor and other factors of production are sold in the circular flow model of income in economic theory.
In Resource Market, households are the sellers and firms are the buyers.
Trader joes differentiate itself from competitors by offering top-quality foods obtained through sustainable agriculture. This business strategy implies that trader joes focus on gaining a market share and making up the loss in margin through increased sales.
According to the Cost Leadership article, Trader Joe's focuses on low-cost, high-quality products to attract customers' attention. Trader Joe's is a very small store less than 10,000 square feet.
Just Right Airline is probably sitting in the middle because it's basically trying to reconcile different strategic positions (high-quality features versus low price). Other airlines consistently pursue either differentiation or low-cost strategies.
Marriott has reduced its cost structure by distributing its manufacturing facilities across multiple hotel types, increasing the diversity and differentiated appeal of its hotel line.
Learn more about Trader joes at
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Answer:
The correct answer is option E.
Explanation:
A monopoly is a market where there is only single producer or seller. There are restrictions on entry in the market. The firms in the monopoly are price makers. That is why they have a downward sloping demand curve.
There are no close substitutes for the product and there is only one seller in the monopoly.
The firm may earn profit or loss or profits in the short run based on its revenue and cost conditions.
So, all the options given are correct.
Answer:
1.You’re unrealistic. We all want to be able to have unlimited amounts of money.
2. You think budgeting is too complicated. Don’t be scared. Budgets are fun!
Explanation:
Strategy: Take it slow and go with the flow don't get so excited about the fact of making money.
