Answer:
Option C Credit to Unearned Management Fees for $62,000
Explanation:
The reason is that the unearned managment fees are liabilities and so are credit in nature just like other liabilities. It is also the requirement of accrual accounting system that says the revenue and expenses must only be recorded when they are realized. Which means the revenue share for example which is $1000 must be recorded as revenue when we will deliver our customers services of one month. It doesn't matter if the revenue amount is not received in cash. So delivering your share is compulsory here to recognize sales or services.
This is true, because when the price goes up that means that the economy is slowly inflating and usually after that happens it implodes on itself and collapses.
Answer:
Option B Depreciation expense
Explanation:
The allocation of cost of the plant and equipment for the period being used is the concept of depreciation and is a period cost because when the asset is purchased its value decreases gradually with time which means some of the machinery value would be deminish during the year depending upon the technological factors, life of the equipment, etc. So the period cost will arise regardless of that we either use the asset or not which is the definition of period cost which in this case is depreciation cost and the allocation of cost of plant and equipment over its useful life is also depreciation cost.
Because the Bic pens have been on the market for a long time, they uses more of a <u>reminder advertising</u> to motivate existing customers to make a purchase.
<h3>What is a
reminder advertising?</h3>
This is a type of advert that aims to remind the existing audience that the firm's product or service is available.
Therefore, the companies uses more of a <u>reminder advertising</u> to motivate existing customers to make a purchase because it is less expensive than an elaborate advertisement.
Read more about reminder advertising
<em>brainly.com/question/9938991</em>
Answer:
The correct answer is D. Coordinates and creates consistency in the operations of various parts of the economy.
Explanation:
The market economy system has advantages and disadvantages in its operation that should be reviewed before starting the study of the centralized economy system. The market economy system works with a high degree of efficiency and economic freedom. Economic agents, both companies and individuals, act guided by their own interest and freely. The price system encourages producers to manufacture the goods that the public wants. Price movements that act as signals in a correct way, while trying to reach their own interest.
