Answer:
The correct answer is debit accounts receivable, credit cash.
Explanation:
Note debit is a receipt that a company sends to its client, in which it is notified that it has charged or debited a certain sum or value in its account, for the concept indicated in the same note. This document increases the value of the debt or account balance, whether due to an error in billing, interest for late payment, or any other circumstance that means an increase in the balance of an account.
Answer: Option E
Explanation: Opportunity cost refers to the cost of loosing profit while choosing one alternative over other.
Taking the given case into consideration, if we invest more in capital goods today then the future generation will get more consumer goods and vice - versa. However as the capital is a limited resources we have to make a choice between capital goods and consumer goods in the present.
Hence if we invest more in capital goods today we will be having less of consumer goods.
Answer:
$5,000 Schedule A (Itemized Deductions)
Explanation:
Solution
We recall that:
George gas a gross income of =$5000
Property taxes =$3000
Operating expenses of =$1500
Deprecation expense of =$800
Now
Normally As per IRS, hobby expenses are normally subtracted up to the hobby income . hobby is pursued as enjoyment and not for making profits hence can not be termed as Profit and loss from business
Therefore George deductible expense for the year is $5,000 it would be taken from Schedule A (Itemized Deductions).
<u>Answer:</u> building customer awareness of the product.
<u>Explanation:</u>
Introduction is the first stage in the product life cycle where the company focuses on creating customer awareness of the product. In this stage only a few customers will know about the product. Through better marketing campaign companies try to increase the customer awareness.
Only after creating brand awareness and publicity for the product the company can concentrate on other aspects such as pricing, distribution, additional features etc. The main aim of the companies is to gain the market share.
