Answer:
Bricklayer
Explanation:
This is because with Bricklayer, you are doing physical work, physical construction, which happens to be laying bricks.
Answer: Ownership,economies. <em>This statement is true.</em>
Explanation:
A monopoly is referred to as or known as the circumstance under which an organization and the commodity it is offering tends to dominate the sector or the market or the industry. Monopolies are usually considered to be an extreme outcome of the capitalism in free-market in the absence of any restraints or restriction.
Answer:
Transaction b and c
Explanation:
Revenue is the term of accounting which is defined as the income or money which is generated from the operations of the normal business and it involve the deductions for the returned merchandise and discounts.
It is created when the business offer some service to the clients and in return the money for the services provided by the company.
So, the transaction which generate the revenue are:
The company offered the service to customer and against it received the cash which amounts to $875.
The company offered the services to the customer on credit worth $2,300.
Therefore, these two transactions are the one which generate the revenue to the company.
Answer:
Rent expense (Dr,) $9,800
Prepaid Rent $9,800
Explanation:
The accrual concept of accounting requires us to record the expenses in a period in which they are incurred rather than when cash is paid. When the company paid advance rent of six months at the end of October, it will record a current asset (Unexpired resource) on the face of balance sheet. At the end each accounting period, it is required to expense out the resources (benefits) that are expired (utilized). This can be done through straight-line method. So, on December 31, 2019, the rent expense of two months that is of November and December should be charged to profit and loss statement in-order to record the expense of related period.
<u>Workings</u>
Rent expense per month = 29,400 / 6 = $4,900.
⇒ Rent expense of two months = 4,900 * 2 = $9,800.
This amount should be written off and the required adjusting entry is:
Rent expense (Dr,) $9,800
Prepaid Rent $9,800
Please see options missing from the original question :
A. rent the room because the marginal benefit exceeds the marginal cost.
B. rent the room because the marginal benefit exceeds the average cost.
C. not rent the room because the marginal benefit is less than the marginal cost.
D. not rent the room because the marginal benefit is less than the average cost.
Answer:
A. rent the room because the marginal benefit exceeds the marginal cost.
Explanation:
Although , the original operating cost of a room per night is $100 (($10,000/100), but since there are idle capacity (empty rooms), the company will be better off by an incremental profit of $30 ($60 -$30) per room by offering to sell empty rooms for $60 per room, using a marginal (incremental ) approach.
