Answer: c. The subscription began about 10 days before the 15th of the month.
Explanation:
With the first month's payments being pro-rated for the amount due up until the 15th of the month plus the next month's bill amount payments, the likely possibility is that the customer started their first subscription 10 days before the 15th of the first month.
This would then mean that they were charged the daily rate for each of those 10 days which amounted to $15. The daily rate can be calculated by dividing $45 by 30 days because $45 is the rate for the month according to the question.
= 45/30
= $1.5 a day.
As a rule of thumb, an entrepreneuer should reevaluate her compensation package yearly. It's worthwhile to reevaluate because you may need to make changes to your plan if you are making more or less money. As your business grows, as an entreprenuer you are able to take a larger cut of your money or reinvest it elsewhere.
Answer:
the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.
Explanation:
When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.
In the short run, if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.
In the long run, industry supply curve will slop downwards indicating a price reduction.
Anything is possible if you believe!!!
Answer:
a. $(3,881)
Explanation:
Gain on sale of fixed assets is an income. To be included in the operating section of the cash flow statement, we need to deduct the gain. The disposal of the fixed assets will go to the investing section. As the gain of the sale of assets is already added to the net income in the income statement, it will be deducted to make the accounting procedure transparent. Therefore, <em>option A</em> is correct.
