To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;
- Rent expense is debited, prepaid rent is credited
<h3>Prepaid rent account</h3>
A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.
On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.
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The strategy which will help companies succeed during the<em> growth stage </em>of a product cycle is:
- b. Focusing on creating product differentiation.
<h3>What is Product Cycle?</h3>
This refers to the various processes which a product has to undergo to become the finished product which would help it to grow and develop and allow the developers to check for errors.
With this in mind, we can see that the best strategy which would help companies to succeed during the <em> growth stage </em>of a product cycle is to focus on creating product differentiation.
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Answer:
D: increase investment projects by firms
Explanation:
When interest rates are lowered, it is a green signal for small and medium size enterprises to borrow money for their investment projects.
To find highly skilled workers who are specialized
Answer:
(A) -5/6
Explanation:
Price elasticity of demand = % change in quantity demanded ÷ % change in price
% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%
% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%
Price elasticity of demand = 50% ÷ -60% = -5/6
