Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
Answer
2
Explanation:
Cost index in dollar - value LIFO method is used to determine the change in prices since the beginning of he base year by comparing the year end inventory to the base layer cost.
The extended cost of the ending inventory at the most recent price is divided by the cost of the ending inventory at the base year price.
Workings
Cost in term of base layer = $50,000
Cost in term of the layer layer $100,000
Cost index = 100000/50000 = 2
Answer:
b- $2,400
Explanation:
The computation of the amount that should be recorded is given below:
= 3 months rent ÷ number of months
= $7,200 ÷ 3 months
= $2,400
Hence, the amount of rent that should be recorded is $2,400
Therefore the option b is correct
The same should be considered
Answer:
d. net income for the year will be overstated.
Explanation:
The prepaid rent account is used to record the amount paid in advance for rent. Once the amount is paid, the entries required are
Debit Prepaid rent
Credit Cash account
On subsequent use of the rent, the required entries are
Debit Rent expense
Credit Prepaid rent
As such where at the end of the fiscal year, the usual adjusting entry to update Prepaid Rent for the portion of the benefit that was used up / expired was accidentally omitted, net income for the year will be overstated as the rent expense that would have been posted to reduce it would have been omitted.
Radio-luminescent paints and signage, lantern mantles, vibrant ceramic glazes, and potassium-based salt alternatives are a few examples of items that contain radioactive substances.
An unstable radioactive material emits harmful radiation types. It is radioactive substances unstable because the electric force that seeks to separate the atom's nucleus from the rest of the atom is stronger than signage the strong nuclear force holding it together. The atoms will transform into more stable ones as a result of its instability.
Radioactivity can also be thought of in terms of energy. A radioactive atom radioactive substances contains more energy than it requires. When something has more energy than it requires, it will eventually lose signage that energy since the universe's energy tends to disperse. Energy in the universe cannot be generated or destroyed, therefore when a radioactive atom loses its excess energy through decay, it must go somewhere.
Learn more about radioactive substances here
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