There are large variation in the individual price indexes for consumption categories leading to the agency providing an additional price indexes across many different types of goods
<h3>What are
price indexes?</h3>
Price indexes refers to an economic measure that shows how prices change over a period of time.
In conclusion, the large variation in the individual price indexes for consumption categories leads to the agency providing an additional price indexes across many different types of goods
Read more about Price indexes
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Answer:
Activity quotas
Explanation:
An activity quota is a minimum level of sales-oriented actions that must be met by a salesperson during a given time period. An activity quota may require a salesperson to make a certain number of outbound calls, send a certain number of emails to potential clients, or submit a certain number of statements of work. An activity quota measures a single task that a salesperson completes to help generate sales; it doesn’t measure actual sales volume or output.
Answer:
Retained Earnings at December 31, 2018 is $89,000
Explanation:
Adjusted Retained Earnings at December 31, 2017 = Retained Earnings at 31 December 2017 - Overstated amount = $44,000 - $8,000 = 36,000
Retained Earnings for 2018 = Net income - dividend = $78,000 - $25,000 = $53,000
Cindy May Bakery, Inc.'s statement of retained earnings for the year ended December 31, 2018
Details $
Adjusted Retained Earnings at December 31, 2017 36,000
Retained Earnings for 2018 <u> 53,000 </u>
Retained Earnings at December 31, 2018 <u> 89,000 </u>
Answer:
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
Explanation:
When an amount is paid in advance, the entries posted are
Debit Prepaid Advertising
Credit Cash account (with the amount prepaid)
As the expense is incurred, entries required would be
Debit Advertising expense
Credit Prepaid Advertising (with the amount incurred)
Expense incurred in 5 months
= 5/6 × $1100
= $916.67
Hence the entries required will be
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
Answer:
Virtual.
Explanation:
Virtual means not physically existing as such but made by software to appear to do so.
