Answer:
C. Accounts receivable will be credited by $7,200
Explanation:
Accounts receivable are expected payments from customers. They exist because businesses sell goods and services to customers on credit. Account receivables are asset accounts. An increase in assets accounts is debited, and a decrease is credited.
If the banks received payment from a customer, it means a customer has paid for goods sold on credit. Accounts receivable have decreased ( to be credited), but cash in the bank has increased.
Steal market share from legitimate businesses and undermine innovation, with negative implications for economic growth.
Answer:
This statement is False
Explanation:
One of the characteristics of the modern day service industry is Division of Labor. Thus, Elise would not leave almost all aspects of human resources functions to specialists. This is the decision of a human resources manager and not Elise who is the finance manager. The jurisdiction of her duty and reporting line does not allow such to happen.
Answer: The marginal benefit curve is downward.
The marginal cost curve is upward
Explanation:
Unlike the marginal cost curve, whose slope is often upwards, the marginal profit curve is generally known by its downward slope.
The optimum allocation of resources to a given product will take place when these curves are used. MB = MC always.
Answer:
Explanation: The specific identification method of costing inventories is used when finding out the cost of the ending inventory.
This method is used to identify when an item is bought and sold and what items are remaining in the store and how to allocate the cost price of item bought at a particular point in time. This is mainly useful when cal calculating the ending inventory.
