Answer: Explanation:
We debit the contributed assets and credit the capital account
cash 11,290 debit
equipment 2,740 debit
capital account 14,030 credit ( 11290 + 2740)
we debit the asset and recognize the payable amount
supplies 450 debit
account payable 450 credit
we debit the assets and credit the revenue
cash 1,303 debit
account receivable 689 debit
service revenue 1,992 credit (1303 + 689)
we debit the expense and credit the asset we use to pay it
rent expense 634 debit
cash 634 credit
we debit the expense and credit the consumed asset
supplies expense 187 debit (450 purchase - 263 at hand)
supplies 187 credit
Answer: "communication adaptation" .
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Answer: Apartment Sharing Agent
Explanation: An Apartment Sharing Agent is any person who, for a fee, arranges, conducts, coordinates, handles or causes meetings between a customer and the current owner or occupant of legally occupied real property, including apartment housing, who wishes to share that housing with one or more individuals. The agent must be registered with Division of licencing office and must maintain a trust account with a sum of $2,500
The terms of trade are acceptable if the price is above the seller’s opportunity cost and below the buyer’s opportunity cost.
<u>Explanation:</u>
The benefits that we spend in attaining something is the opportunity cost. The profits or values that you give up to get something is called Opportunity cost. For example when you choose to go to movie, the amount that you spend on the movie will not be spent on getting anything else or the time that you spend in watching the movie cannot be spent on reading stories or any other act.
This next best alternative that is forgone in seeing a movie is called opportunity cost. Opportunity cost can be calculated by subtracting the return on the option that is chosen from the return on the best forgone option. When the price of anything is above the opportunity cost of seller and below the opportunity cost of the buyer, then the trade will be acceptable.
