Answer:
Yes
Explanation:
Yes because over time the earth has gotten hotter and hotter each decade, which is undeniable proof that it is real.
Answer:
Debit to Salaries Expense $2,700; Credit to Salaries Payable $2,700
Explanation:
In accounting, we have to recognize all expenses even though we haven't paid it yet. This is one of those instances.
The employees have worked for 3 days at the end of January but will not receive their payment on that day. That equates to $2,700 of salaries accrued at the end of January.
Accrued Expenses are recorded as payables, in this problem it's "Salaries Payable".
So to complete the adjusting journal entry:
(Debit) Salaries Expense $2,700
(Credit) Salaries Payable $2,700
Answer:
d) change in total benefit that occurs when a person consumes another unit of the good.
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.
Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.
Answer:
At November 30, 2016, budgeted Accounts Receivable is $445,000
Explanation:
In October, Sales: $950,000
Customer amounts on account are collected: 50% x $950,000= $475,000
At 31 October, Accounts Receivable = 50% x $950,000= $475,000
In November, Sales: $890,000
Customer amounts on account are collected = $475,000 + 50% x $890,000 = $920,000
At November 30, 2016 budgeted Accounts Receivable = 50% x $890,000 = $445,000
