Answer:
$764,400
Explanation:
Payment in advanced are prepayment which are treated as current liability until the service is delivered and sales income are credited while the .prepayment account are debited.
Accrual payment are payment for service already delivered which are current liability (receivables)
Rental income received = $738,000
Rent in advance as at 31/12/2008 102,600
(prepayment for 2009)
Rent in advance as at 31/12/2009 (77,700)
Prepayment for 2010
Rent in arrears as at 31/12/2008 (39,600)
Accrued payment for 2008
Rent in arrears as at 31/12/2009 41,100
Recognized income 764,400
Answer:
Option C (Precept............real world) is the right answer.
Explanation:
Laissez-faire economics seems to be a hypothesis that always constrains government interference.
- It maintains that perhaps the financial sector was indeed particularly strong since all the current regime was doing was safeguard the freedom of persons.
- Subsequently, free-market statisticians predicated on the premise of laissez-faire mostly as an approach to sustainable economic success, because while critics disparaged it for helping to promote unfairness.
The other actions taken are not connected to the circumstance in question. That would be the right response to the above.
Answer:
Advertising cost tends to keep increasing compared to other endogenous sunk cost
Explanation:
Sunk cost are defined as cost that have been incurred and cannot be recovered by a business.
Prospective costs on the other hand are those ones a business anticipates it will incur in the future.
Sutton drew a distinction between advertising and other sunk cost because in a competitive market that companies find themselves advertising cost continues to increase to keep the brand visible compared to others.
Companies increasingly invest more in brand awareness.
Other endogenous sunk cost however tend to be relatively constant.
A because your don’t want to call anyone that is not available at that time