Answer: $5,000
Explanation:
Going by the Accrual principle in accounting, revenue is only to be recognized when earned. This means that revenue from services performed in October and revenue from services to be performed in December, will not be part of revenue reported in November.
Revenue to be recorded in November income statement = Billed $3,950 to customers for services performed on account in November + Received $1,050 cash for services performed during November
= 3,950 + 1,050
= $5,000
C usually when they are put to a boil.
Answer:
sticky in both an upward and downward direction
Explanation:
nominal wages are wages been earned per hour or as agreed between the worker and the employer. it is seen as means of compensating the worker. it is called nominal wage because the effects of deflation ( downward direction of prices in the market ) and inflation ( upward direction of prices in the market) does not affect the Nominal wages of an employee hence it is sticky in both an upward and downward direction of price movement in the market.
unlike the real wages where the factors of inflation and deflation has an effect on it by either decreasing or increasing the purchasing power of the real wage.
Answer: Please refer to the explanation section
Explanation:
The question incomplete we are required to differentiate events that will shift the demand curve of Boston Lager to the left and events that will not shift the demand curve but the events are not provided in the question. however because it is clear what the question requires i will list Events that cause a shift in the demand curve and events that will not shift the demand curve.
events that will shift the demand curve of Boston Lager to the left
- Decrease in the price of Beer produced by Samuel Adams (competitor).
- Household income decrease
- Government raising the Tax on alcohol
events that will NOT shift the demand curve of Boston Lager
- Change in Price charge by Boston Lager. a change in the price of beer charged by Boston Lager will cause a Change in quantity of beers Demand which will be indicated by a movement along the demand curve but will not shift the demand curve
