Answer:
Net income will be decreased by $150.
Explanation:
Given:
The credit balance of interest payable (Opening) = $200
Credit balance of interest payable (Closing) = $50
Net income will be decreased by $150.
Decreased net income = credit balance of payable (Opening) - credit balance (Closing)
Decreased net income = $200 - $50
Decreased net income = $150
The interest of $150 was paid which would reduce the net profit.
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Answer:
In perfect competition, the product offered is standardized whereas in monopolistic competition product differentiation is there. In monopolistic competition, every firm offers products at its own price. ... Entry and Exit are comparatively easy in perfect competition than in monopolistic competition.
Explanation:
(hope this helps)
Answer:
A, Offer a guarantee for the customer's complete satisfaction.
Explanation:
SInce services are inseperable beacuse there cannot be trials unlike in some goods, the only way to keep a customer's mind at rest over the service he or she is getting to give a guarantee as to the quality of the service such that the customer is satisfied and can purchase the service.
For example, giving a customer a time frame for the durability of a service and also a consideration for re-service before the set or supposed time is a way of giving customer guarantee about a service he or she is purchasing
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Cheers.
Answer:
Net Income 192,640
Explanation:
For the accrual basis, we will consider the revenue ercognized and the expenses incurred regardless, of the payment date or collection date.
This means we will not focus on cash, we will focus in the accrued revenues and expenses for the period:
Revenues 378,400
Expenses with deprecation <u> (185,760) </u>
Net Income 192,640
The cash payment on the computer and the loan are not revenues or expenses, are considered for the cash flow statement.
