Which of the following is not an example of how you can reduce the full cost of higher education

A group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade is a

sergejj [24]

Answer:

Market

Explanation:

A market is an arrangement that allows buyers and sellers to exchange goods or services . In market arrangement ,a group of buyers and sellers of a good or service ant the institution or arrangement by which they come together to trade

4 0

3 years ago

Sharon is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: I

Maurinko [17]

Answer:

The basic principle is known as the opportunity cost

Explanation:

The opportunity cost is defined as something that you are not earning because you don't do a revenue activity.

In this case, Sharon doesn't receive $9 per each hour that she prefers to go to the swimming pool. Also, she is expending $4 additional to the opportunity cost each time that she goes to swim.

For example, if she goes to swim 2 hours a day instead of work them, we can conclude that she isn't earning $18 and lossing $4 additional for the fee entrance to the swimming pool.

Please, note that, are different the concepts of "let of earning" and "lossing". First one talks about money that you never have had and the second is about money that you had but now you don't.

6 0

3 years ago

Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of credit sales will

defon

Answer:

$2,540

Options are inconsistent with given question

Explanation:

Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.

As per given data

Beginning allowance for uncollectible accounts balance = $3,700

Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.

Adjusted Balance = $3,700 - 2,700 = $1,000

Credit sales = $118,000

Estimated allowance for uncollectible accounts balance = $118,000 x 3% = $3,540

As allowance for uncollectible accounts has already have balance of $1,000, Bad debt expense for the year is $2,540 ($3,540 - $1,000).

4 0

3 years ago

Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they

GrogVix [38]

I think the answer is rating scale test! hope this helped

6 0

3 years ago

Read 2 more answers

A partial list of Waterways' accounts and their balances for the month of November 2016 follows:

lesya [120]

Answer:

Total current assets = $697,750

Explanation:

The partial balance sheet is as follows:

Waterways Corporation

Balance Sheet (Partial)

For the month of November 2016

Details $ $ 

Current Assets

Cash 260,000

Accounts Receivable 275,000

Finished Goods Inventory, November 68,800

Raw Materials Inventory, November 52,700

Prepaid Expenses 41,250

Total current assets 697,750

Note:

Cash is the most liquid of assets.

Accounts receivable which should be collected within 30 to 60 days are less liquid than cash, but more liquid than inventory.

Finished Goods Inventory which is expected to be sold and converted to cash within one year, and Raw Materials Inventory which is expected to be converted to finished good within one year are more liquid than Prepaid expense.

Therefore, the least liquid among current assets’ item above is the Prepaid Expense as it is cash paid for services not yet received..

4 0

3 years ago