The profits will peak and decline.
during this stage of the product development, the product is already widely accepted by the market.
Eventually, the newer and better product will start to appear and the previous one will started to lose popularity and decline in profits.
Answer:
Changing Careers
Explanation:
My best guess would be that the reason their values and interests may have changed is either due to going back to school or changing careers. In both cases, your interests would of changed to fit what you chase but changing seems more plausible. Hope this helped and solved your question!
Lena makes $45 profit.
Extra information:
The amount of profit Lena makes is 3/4th of the profit Joe makes, seeing as when Joe makes $4 profit, Lena makes $3 and $3 is 3/4th of $4. Therefore, when Joe makes a profit of $60, Lena makes a profit of (60 x 3/4) $45.
Answer:
Adjusting Entries
Date Accounts titles and Explanation Debit Credit
1. Supplies expense $500
Supplies expense $500
2. Insurance expense $300
Prepaid Insurance $300
3. Depreciation expense $
70
Accumulated depreciation $70
- equipment
4. Unearned service revenue $500
Service revenue $500
5. Accounts receivable $200
Service revenue $200
6. Interest expense $90
Interest payable $90
7. Salaries and wages expense $1,700
Salaries and wages payable $1,700
