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DanielleElmas [232]
3 years ago
8

The following transactions occurred during December 31, 2021, for the Falwell Company.

Business
1 answer:
hodyreva [135]3 years ago
8 0

Answer:

Date        Account and explanation                Debit      Credit

Dec 31     Prepaid insurance                           $10,000

               ($12000*30/36)

                       Insurance expense                                  $10,000

Dec 31    Depreciation expense                      $15,000

                       Accumulated depreciation-Equipment   $15,000

Dec 31     Salaries expense                              $18,000

                       Salaries payable                                        $18,000

Dec 31     Interest expense                               $4,000

               ($200000*12%*2/12)

                       Interest payable                                         $4,000

Dec 31     Deferred rent revenue                      $1,000

                ($3000/3

                       Rent revenue                                             $1,000

Dec 31     Rent revenue                                     $2,000

                        Deferred rent revenue                             $2,000

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Answer:

d. management

Explanation:

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Consider two neighboring island countries called Euphoria and Contente. They each have 4 million labor hours available per week
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Explanation:

here is an explanation and solution to your question

For Euphoria:

The opportunity cost of producing a unit of rye in terms of jeans =20/5 = 4

for contente:

The opportunity cost of producing a unit of rye in terms of jeans = 16/8 = 2

opportunity cost of producing 1 unit of jean in terms of unit of rye:

for euphoria = 5/20 = 1/4

for contente = 8/16 = 1/2

1.

Euphoria's opportunity cost of producing a a bushel of rye is 4 pairs of jeans.

contentes opportunity cost of producing a bushel of rye is 2 pairs of jeans.

2.

contente has comparative advantage in producing rye

euphoria has comparative advantage in jeans production

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contente produces 8 bushels of rye so with 4 million hours of labor = 8x4 = 32 million bushels in a week.

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Explanation:

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dimulka [17.4K]

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

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If the Price of butter decreases,  it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

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