Answer:
(B) A liability is recorded in October and revenue will be recorded in November
Explanation:
When a company receives money in advance of earning it, the accounting entry is a debit to the asset Cash for the amount received and a credit to the liability account such as Customer Advances or Unearned Revenues
Answer:
A)Real GDP omits measures of political freedom.
Explanation:
The Real Gross Domestic Product is a measure of all the goods produced in an economy within a year but with changes in price levels triggered by inflation factored in. Political freedom does not affect economic freedom. People may be restricted politically but still, go about their normal economic activities.
Because the Real GDP basically focuses on transactions done in the markets, it might not accurately measure the growth rate because some people conduct illegal businesses underground that are not captured by the government, while some produce their goods at home. Also, leisure time is not factored and it is important because an increase in leisure time will affect time spent in activities that improve the economy.
Answer:
The correct answer is B. Cash Budget and Budgeted Balance Sheet
Explanation:
The financial budget refers to the economic and financial resources necessary to develop or carry out the activities or processes and / or to obtain the essential means to be calculated, such as the cost of completion, the cost of time and the cost of acquiring New resources Commonly the feasibility is the most important part, since with it other inadequacies of other resources are solved. The above is the hardest thing to achieve and additional actions are needed when they are not available.
It includes the analysis of the investment, the projection of income and expenses and the form of financing. In this work, people who wish to start a business should keep in mind that this will be their greatest source of information.
Answer:
a.total revenue is maximized
Explanation:
Marginal revenue refers to the change in total revenue. Zero marginal revenue impllies no change in TR. Thus, only when TR is maximized will MR be zero before falling.
Answer:
a. True
Explanation:
At the time when the velvovia government made the efforts in its progress in order to control the increased inflation but at the same time the price is also still increasing but the increase rate would be falled down so here it is recommended that the velovia experienced the disinflation where the inflation is considerably slowing and the rate of inflation is also slow down
Therefore the given statement is true
