Answer:
The adjusted balance for Insurance Expense for the year will be $5,270
Explanation:
Prepaid Insurance is the value of Insurance paid before it becomes accrued and it is an current asset balance. It will be accrued as each month passes the monthly amount will be charged as expense and transferred to the Insurance expense account.
Unadjusted values:
Insurance Expense = $2,570
Prepaid Insurance = $3,900
Adjustment value of the insurance = $2700
Adjusted values:
Insurance Expense = $2,570 + $2,700 = $5,270
Prepaid Insurance = $3,900 - $2,700 = $1,200
Answer:
C) There will be an increase in government purchases as the economy has more income.
Explanation:
The long run aggregate supply (LRAS) curve includes the output of an economy when all the factors of production are being used at full capacity. The position of the LRAS curve depends on the number of workers, the amount of capital, and the available technology.
Every time an economy (or even a company) experiences a significant technological progress, its productivity increases, increasing the total output.
Answer:
a
Explanation:
Opportunity costs refers to the options that are lost when making a choice between many options. According to my research on opportunity costs in different situations, I can say that based on the information provided within the question the opportunity cost of this exchange the total value of the television, headphones, and bicycle. This is because by choosing the printer he is ultimately losing out on the opportunity of choosing any of the other three items.
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I believe it’s False, it might be wrong though
