Because all people ( the public ) can fully enjoy this good/service without competing for it.
Answer:
Aug 1
Dr cash $8,000
Dr photography equipment $34,400
Cr Common Stock $42,400
Aug 2
Dr Prepaid Insurance $3,000
Cr Cash$3,000
Aug 5
Dr Office supplies $1,520
Cr Cash$1,520
Aug 29
Dr Cash $4,000
Dr photography fees earned $4,000
Aug31
Dr Utilities expense $884
Cr Cash $884
Explanation:
Preparation of the general journal entries for the above transactions.
Aug 1
Dr cash $8,000
Dr photography equipment $34,400
Cr Common Stock $42,400
(8,000+34,400)
Aug 2
Dr Prepaid Insurance $3,000
Cr Cash$3,000
Aug 5
Dr Office supplies $1,520
Cr Cash$1,520
Aug 29
Dr Cash $4,000
Dr photography fees earned $4,000
Aug31
Dr Utilities expense $884
Cr Cash $884
The value of the goods produced is recorded for the the current year GDP. The year of production not the year of the sale is where the product being produced needs to be recorded within. If it is sold the following year, the sale will then be recorded in the year it is sold in.
Answer:
Example: A Job Interview
I will endeavor to get to the venue earlier than the set time. I would have prepared myself for the topic of discussion, introduce myself properly, sit appropriately when asked to and make my voice as audible as possible.
Explanation:
Meeting etiquette refers to mode of behavior and conduct when attending a meeting more specially a formal or professional one. Meeting could be a job interview, a business meeting, a sales presentation etc.
There are various codes of conduct to be observed:
<u>Be at the meeting on time:</u> Getting to the meeting venue earlier or at the time agreed is a sign of good behavior.
<u>Be prepared:</u> Familiarizing yourself ahead with the subject matter and topics of discussion.
<u>Make proper introductions:</u> The simple rule to follow is to fist introduce yourself. When introducing others, introduce individual of lesser hierarchy to higher hierarchy.
<u>Sit appropriately:</u> Do not seat and lean on the table. Sit straight on the chair, do not keep a large gap between yourself and the table.
<u>Speak so you can be heard</u>: Its very important that you should be heard, so when necessary speak up so others can hear you.
I believe closure is the answer
