Answer: See explanation
Explanation:
We should note that microeconomics deal with a particular sector in the economy and not the whole sector. Macroeconomic deals with the whole economy and looks at ways by which the decisions of government have an effect on the whole economy.
Based on the above explanation, the answer is provided below:
• The effect of government regulation on a monopolist's production decisions= Microeconomics
• The effects of government tax policy on long-term economic growth = Macroeconomics
• The optimal interest rate for the Federal Reserve to target = Macroeconomics
Answer: both I and II are TRUE
Explanation:
Many firm experience a life cycle characterized by non-constant growth. And For non-constant growth firms, stock price is not equal to the present value of all future dividend payments.
Answer:
Type of adjustment (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses)
1. Services provided but not recorded total $1,000. accrued revenues
2. Supplies of $300 have been used. accrued expenses
3. Utility expenses of $225 are unpaid. accrued expenses
4. Services related to Unearned service revenue of $260 were performed. accrued revenues
5. Salaries of $800 are unpaid. accrued expenses
6. Prepaid insurance totaling $350 has expired. accrued expenses
Status of Each Account before adjustment
1. Services provided but not recorded total $1,000. Revenue understated and cash/account receivable account understated
2. Supplies of $300 have been used. Supplies account overstated and supplies expense account understated
3. Utility expenses of $225 are unpaid. utility expense account understated and Liability account understated
4. Services related to Unearned service revenue of $260 were performed. Revenue understated and Unearned revenue overstated
5. Salaries of $800 are unpaid. Salaries Expense account understated and Liability account understated
6. Prepaid insurance totaling $350 has expired. Insurance expense account understated and Prepaid insurance overstated.
Explanation:
1. Revenue should be recorded when services are performed.
2. Used supplies should be transferred to supplies expenses account.
3. Utility expense should be recorded when it's been accrued.
4. Sales expense should be recorded when it's been accrued.
5. Prepaid Insurance should be transferred to Prepaid expense account when its been expired.
Accomplished, Achieved, Active in, Awarded, Assisted, Broadened, Built, Chaired, Championed, Completed, Delegated, Distinguished, Enacted, Enhanced, Facilitated, Formulated, Graduated, Granted, Handled, Helped, Implemented, Improved, Increased, Initiated, Joined, Kept, Led, Licensed, Managed, Mastered, Navigated, Netted, Obtained, Outlined, Performed, Placed, Qualified, Received, Recorded, Secured, Served, Taught, Trained, Understudied, Undertook, Verified, Volunteered, Widened, Worked.
Hope these help!!!
