Answer:
Hello Friend, I've done my personal research, and I apologize if the answer is incorrect.
The natural unemployment would be 5%.
Explanation:
The percentages of both kinds of employment statuses have an amount of what the natural rate of unemployment would be 5% which is the answer that is provided.
Answer:
a. July 31
Explanation:
According to the revenue recognition principle, the revenue is recorded when the revenue is realized or earned not when the cash is received. There is no effect on cash receipt in this principle
Whether cash is received or not, the revenue is recognized when the service is provided to a customer
According to the given scenario, the service is performed so it is on July 31
A business plan.
A business plan is a comprehensive tool to plan out aspects of your idea so that you have a smart strategy when you decide to make it a reality.
Answer:
$2,585
Explanation:
The Steps to answer this question requires adjustment to the unadjusted Trial Balance based on the figures given in the adjustments.
The Net Income for the period ended December 31, is calculated as follows
Particulars Amount
Fees Earned (Revenue 7,410+1,035) $8445
Subtract the following Expenses
Depreciation (for the period and not accumulated) 350
Rent Expenses 1,460
Salaries Expense 2,460
Utiities Expense 505
Insurance Expense 810
Supplies Expense 275
Total Expenses ($5,860)
Net Income $2,585
Note: The remaining figures in the questions were not used because they relate to the Balance Sheet and not the income statement.
Good luck.
Entrepreneurship is the answer , hope this helps ! :)
