Answer:
A) $14,000.
Explanation:
In the profit or loss statement, the key elements are sales and expenses and the net of these two gives the net income.
Given
Service Revenue = $40,000,
Wages Expense = $25,000
Net Income = $1,000
Total expense = $40,000 - $1,000 = $39,000
The total expense is made of the wage expense and other expenses.
Therefore, other expenses = $39,000 - $25,000
= $14,000
Answer: is increased by credits
Explanation:
Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.
Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.
<span>When the minor children reach a certain age, the living trust is always discontinued: FALSE
A living trust is established while the owner of the property or money put in trust is still alive.TRUE
The estate is managed, invested, and controlled by the trust agency or person.TRUE
The profit is paid to the owner during his lifetime, and to whomever he names upon his death.
TRUE</span>
Based on business strategies and production, the statement that is true about product life cycles is "Early adopters buy in the introductory phase."
<h3>What is the Life Cycle of a Product</h3>
The life cycle of a product is a term that is used to describe the proportion of time a product goes from being introduced into the market by the producers until it's taken off the shelve.
Usually, the product life cycle is in different stages, and each of the stages is important to the success of the products in the market.
<h3>The Life cycle of a product is the following:</h3>
- introduction,
- growth,
- maturity, and
- decline.
Generally, the in the introduction stage of a product's life the early adopters are the first category of consumers that try new products before most other consumers key into it.
Hence, in this case, it is concluded that the correct answer is option c. "Early adopters buy in the introductory phase."
Learn more about the Product Life cycle here: brainly.com/question/7510515
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Answer: less, less
Explanation: considering the relationship that exist between the price level and the quantity of money that people demand. The lower the price level, the less money the typical transaction requires, and the less money people will wish to hold in the form of currency or demand deposits.
