<span>Variances allow the business owner to supervise
their business better by taking well-versed decisions based on how the business
really performed against the budgeted performance. Additionally, it also
highlights reasons or different causes for the disparity in the projected
income or expenses.</span>
Answer:
Date Account titles and Explanation Debit Credit
Dec 31 Sales return and allowance $600
Sales refund payable $600
($900 - $300)
(To record the expected refund of sales)
Answer:
Help them evaluate the business' growth
Explanation:
When they set objectives, they can look at it later on and check if they had reached their goal. So they can see how far they've reached as a business.
Answer:
agrarian economy
Explanation:
Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is <u><em>agrarian society</em></u>, and in this the society is highly dependable on agricultural products in order to derive income.
Answer:
Miranda = $10; Jason = $0
Explanation:
Producer surplus is the difference between the price of a good or service and the least amount a producer is willing to accept for his product.
In this question, the price of tutoring is $30.
The least amount Miranda is willing to accept is $20. Her producer surplus is $30 - $20 = $10
For Jason, the least amount he is willing to accept is $35 which is higher than the price. Therefore, Jason would not accept to teach. As a result, his producer surplus would be zero.
I hope my answer helps you
