In the former Soviet Union, the quantities of output and prices to be charged by key firms were determined by

The pink peonies law firm prepays for advertising in the local newspaper. on january 1, the law firm paid $ 6 comma 000 for twe

quester [9]

Since the company paid for $6000 good for one year, look for the monthly advertising payment, to do this divide the total payment by 12 months. 6000/12 = 500. So the monthly payment would be $500.

a. Cash basis accounting:

Advertising expense using cash basis would be $6000. Because the company already paid for the advertising good for 12 months.

b. Accrual basis accounting:

Advertising expense under accrual basis would be $1000.

Calculations:

$6000 Advertising prepaid on January 1 for 12 months.

Advertising expense per month is $500.

Advertising expense per month× 2 months = $1000 Advertising expense for January and February.

6 0

3 years ago

What is one negative effect of current patterns in global trade?

mel-nik [20]

The market for a certain item can go down. It can simply be caused by too much of a supply and not enough demand which can usually cause a company to go into debt if they specialize in one product only (e.g. fuels)

4 0

3 years ago

Read 2 more answers

How does the service enterprise contribute to the economic growth of the country?

Juli2301 [7.4K]

Answer:

Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

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8 0

2 years ago

Complete the statement using the correct term.

Dahasolnce [82]

Answer:

they are all examples of programming language

4 0

3 years ago

Consider Frankâ€™s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,

alex41 [277]

Answer:

b. $42,600

Explanation:

First, we calculate the total cost of college:

$21000+1800+11000=33800$

Now, we calculate the net income she would receive, if she didn't go to the college:

$16000-7200=8800$

Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.

$33800+8800=42600$

7 0

3 years ago