Answer:
Option D is correct.
Explanation:
A basic difference between microeconomics and macroeconomics is that: <u>microeconomics examines the choices made by individual participants in an economy, whereas macroeconomics considers the economy's overall performance.</u>
Answer:
<h2>
Hennigan Rentals:</h2>
Hennigan is owed $175 from its customers on December 31.
Explanation:
Accounts Receivable
Date Description Debit Credit Balance
Dec. 8 Cash $75 ($75)
Dec. 20 Earned Rentals $750 $675
Dec. 31 Cash $500 $175
When a rental company accepts payment in advance of its service, it increases the cash balance and reduces the Accounts Receivable. In the same way, when cash is received for services already rendered and invoiced, the cash balance is increased and the Accounts Receivable reduced by the same amount.
Accounts Receivable represents the total amount owed to a company resulting from the provision of goods and services on credit. The balance forms part of the current assets in the company's balance sheet.
A journal entry for a sale on account debits account receivable and credits revenue account. When the customer pays on account, cash is debited while the accounts receivable is credited. At the end of the period, the account is balanced.
You pay everything normally and go on a fast and eat a pot noodle when you break your fast and that’s 1 dollar and that saves enough money seeing as you spend 60$ on food
(D) Natural monopoly
The situation in which one firm can produce the total output of the market at lower cost than several firms is called a Natural monopoly.
There are many kinds of monopoly that exist in a particular market which are pure monopoly where only single seller is there with no competition.
Another kind of monopoly is the cost monopoly where the price is determined on the basis of the cost of the articles produced.
Ruling monopoly is another kind of monopoly which is greatest kind of monopoly in the competition only one produce rules and natural monopoly in which naturally the product is single selling.
To learn more about monopoly here,
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The answer would be DEVELOPMENT step of the new-product process. This is the step wherein the idea is being transformed or made into a prototype. Google's driverless car only started from an idea until it was decided to give it a try. The development process covers from idea generation to the application.