Debit Advertising expense $400, credit accounts payable 400.
Answer:
correct option is C. $1,250,000
Explanation:
given data
Light poles = $350,000
cost reimbursement = $65,000
electric power to residents = 1,250,000
to find out
which statement accounted for in an enterprise fund
solution
statement accounted for in an enterprise fund is here
particular amount
Equipment used for supplying $1250000
electric power to residents
enterprise fund $1250000
so correct option is C. $1,250,000
Obviously, Mr Timothy’s position within the company is Chief Financial officer
Chief Financial officer is the officer responsible for management of company's finances and top-level budgets.
So, as the Chief Financial officer, his responsibility includes:
- creating the budget for a fiscal year
- creating a cost-profit analysis report
- identifying avenues for possible cost reduction in the budget
In conclusion, Mr Timothy’s position within the company is Chief Financial officer
Read more about CFO
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Answer:
Option (E) is correct.
Explanation:
Allocative efficiency is created when the gap between marginal benefit and marginal cost is maximum. The marginal benefit is the benefit that a consumer can get by consuming an additional unit of a commodity and the marginal cost is the cost that a producer incurred by producing an additional unit.
Hence, the allocative efficiency is achieved where the difference between these two terms is maximized.
Answer:
The correct answer is D. Real income effect.
Explanation:
Real income is defined as the monetary income of an individual, taking into account the effect of inflation. For example, if a person's nominal salary increases by 10% in one year, and inflation is 6% in that year, the actual income will have increased 4% in that year.
