Answer:
The answer is: A. choose the combination of food and non-food consumption that makes her as well off as possible from among the combinations of food and non-food items she can afford.
Explanation:
The economic model of consumer behavior states that an individual will consume the products or services that maximize his (or her) benefits and overall well-being while minimizing costs.
So this consumer should choose the combination of products (between food and non-food products) that maximize his well-being while having the lowest possible cost.
Answer:
Formal source
Informal source
Explanation:
A formal source is either a person or medium providing consumption-related information and hired and paid by and organization. An informal source is person whom the message receiver knows personally, such as a parent or friend who gives product information or advice, or an individual met and respected online.
Answer:
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Explanation:
Revenue is not recorded until the recognition criteria for the recognition of revenue has been met and this includes;
- the corresponding cost incurred in generating revenue can be reliably measured
- the goods or service has been delivered
Given that the service was performed in May, when half of the fee was received in April, the required entries then was
Debit Cash account
Credit Unearned revenue (with the amount received being half payment)
when the service was performed in May,revenue was earned
Debit Unearned revenue (with the amount received being half payment)
Debit Accounts receivable (with the amount yet to be received being half payment)
Credit Revenue (with the amount agreed for the service)
In June when the final payment is received,
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Because they are always converted to an income summary throughout the closing process, revenue and expense accounts are known as nominal accounts.
so the statement is false
Revenue Definition:
Revenue in financial accounting refers to an inflow of funds, typically from sales or services provided by commercial activity. It is also known as sales or business turnover. In other terms, revenue refers to the amount of money that a company or organization receives. For instance, certain businesses may receive income from royalties, interest, or copyright fees. While for some businesses, money may come from the services they provide to clients. Donations from groups, corporations, and people are referred to as revenue for non-profit organizations.
Operating Revenue Examples:
- Sales.
- Fees or Commission Earned.
- Service Revenues.
Expenses Definition:
A money outflow is known as an expense or expenditure in financial accounting. As an illustration, a tenant's expenses can include rent. Parents' expenses could include the cost of their children's tuition. Expenses for a business include things like electricity bills, bank fees, sales expenses, phone bills, repairs, and services.
List of expenses in accounts frequently observed when preparing financial statements:
- Cost of goods sold.
- Legal fees.
- Depreciation.
Learn more about Revenue and expense accounts here
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Answer:
To ,
The Concern specialists/Editor/Citizens
Subject: To Generate Cash for social assistance right now tempest and debacle .
Dear partners ,
We are confronting an incredible test to loss of our home and harms to our infrastructural improvement . As, I am another business visionary . I wish to contribute cash to greatest individuals with the goal that they can fix their home. This can not be conceivable without your important commitment and backing. I demand each resident , understudies, clients of treats, specialists and so forth to contribute wilfully at all you wish to do right now cause and at the hour of crisis.
Looking for your gifts and an important commitment.
Yours Sincerely,
SALLY
Proprietor AND SOLE PROPRIETOR
CALIFORNIA COOKIES
USA
