Answer:
a) Fees earned (or revenues) will be understated. Net income will be understated.
b) Accounts (fees) receivable (or assets) will be understated. Owner’s equity will
be understated.
Explanation:
Adjusting entries refers to the entries that are made at the end of an accounting period in accordance with revenue recognition, principle and expense recognition principle.
All adjusting entries affect at least one income statement account (revenue or expense), and one statement of position account (asset or liability).
What’s the types listed, I need more information
Answer: E. a and d
Explanation:
The schools will have to develop some type of non-stop and non-price rationing device. This is because of the fact that some classes will likely have a shortage of seats while other classes may have a surplus of seats. The school will have make sure there is balancing in setting up the class as the population in each class will be different. This in order to avoid people standing while some will be sitting during lectures.
Answer:
Agglomeration economies.
Explanation:
Agglomeration economies, also known as external economies of scale, consist of the advantages of focusing output and residence in some specific areas. If some particular area produces certain kinds of goods, all firms can take advantage of many factors like networks for the supply of goods, workers, transport, and a proper infrastructure for the industry.
Tourism and hospitality includes attractions management, convention planning, customer service, event planning, food service, gaming, lodging, marketing, sales and travel.
