Answer:
b.
Explanation:
The company sold 6 advertising spaces that would run from July to December for $400 each.
Total amount received for selling 6 advertising spaces = 6×$400
Total amount received for selling 6 advertising spaces = $2,400
The advertising spaces will run for 6 months i.e., July to December.
So, adjusting entry on 31st July would record the revenue earned for 1 month only.
Total revenue = $2,400
No. of months = 6
Revenue for 1 month = $2,400/6
Revenue for 1 month = $600
Thus, journal entry on receipt of cash as well as adjusting journal entry has been shown below:
Answer:The answer is 1 B, 2.the giving up of her $50,000 per year job as an accountant, 3.True
Explanation:
The opportunity cost can be define as a sacrifice whether on the side of an individual, a firm or government. The opportunity cost is the forgone alternatives in order to acquire a product or a services. To an individual, who aims at maximizing his utility from his limited available resources he will have to allocate these limited resources to those wants that are most important. Opportunity cost help an individual to make a judicious use of his scarce resources. .The opportunity cost is also important to a firm because the firm has to choose to allocate its limited available raw materials in the production of a particular product with high demand at the expense of other products with low demand in order to maximize profit.
The opportunity cost to the government is in the preparation of the budget, the government can decide to allocate the available resources to the sector of the economy which is of high priority such as education at the expense of other sectors of the economy.
Answer:
b. problem-solution
Explanation:
Based on the information provided within the question it can be said that the organizational pattern that the speaker is using is a problem-solution pattern. This pattern focuses on stating a problem and providing solutions to solve that problem. Which is what the speaker is doing by indirectly stating that sales are low in the key markets and then proceeds to talk about ways of increasing sales in those areas.
Answer:
Expected return = 50.4%
Explanation:
<em>The expected rate of return is the weighted average of all the possible returns associated with an investment decision. The returns are weighted using the probability associated with their outcomes.</em>
Expected return = WaRa + Wb+Rb + Wn+Rn
W- weight of the outcome, R - return of the outcome
E(R) = 11% ×0.65) + ( 19%× 0.25) + (-8%×0.1)
= 50.4%
