Answer:
If financial statements are prepared on January 31, the journal entry to record the adjustment would be debit rent expense and credit prepaid rent for $1,250
Explanation:
According to the given data the rent has been expired for one month so only one month's rent expense will be recorded. Therefore to calculate one month's rent expense we have to make the following calculation:
one month's rent=Total rent/period for which rent is paid*1
one month's rent=$15,000/12*1
one month's rent=$1,250
Therefore, If financial statements are prepared on January 31, the journal entry to record the adjustment would be debit rent expense and credit prepaid rent for $1,250
Answer:
MERCHANT WHOLESALER.
Explanation:
Middlemen are the link between the manufacturer and the retailer. They are of two types: the merchants and the agents.
A merchant wholesaler is an independent marketing middleman, who buys goods in large quantities from the manufacturer and resells to retailers (resells to consumers) or industrial users. A merchant wholesaler takes title to the goods.
Since, Carolyn doesn't want to start a company in which she has title to the clothing, she can consider being an agent or a broker because merchant wholesalers take title to the products.
Therefore, the middlemen classification Carolyn will have to rule out is MERCHANT WHOLESALER.
A.
because as you're passing the page you are scanning it and looking for the answer
Answer:
hahah i deleted snap a while ago
Explanation:
Answer:
An open economy is one where trade of services and goods can easily take place. Here in this question, it is mentioned that the market for breakfast cereals is competitive, which means that there is not much room for profit making for the existing firms in the market since the products are also not much differentiated.
Hence, the conclusion drawn at the end is flawed because if the demand for cereals get increased and the price went up from $10 to $10.5, the market share for the higher price firm would decrease and people will move towards the firm which is still selling the cereals for $10, since it is a competitive market.
Hope this helps, Thank You.
