<span>Option A. Greater consumption leads to unhappiness. Affluenza as a term was used as far back as the 50s by critics of consumerism to describe a painful, contagious, socially transmitted condition of overload, debt, anxiety, and waste resulting from the dogged pursuit of more. This pursuit leads to more and more unhappiness. In their book "When Too Much is Never Enough" Clive Hamilton and Richard Denniss pose the question: "If the economy has been doing so well, why are we not becoming happier? They argue that affluenza causes overconsumption because there's excess or surplus for rich consumers.</span>
Answer:
Revenue - March = $160
Explanation:
The accrual principle in accounting states that the revenues for a period should match the expenses for that particular period and any revenue or expense should be recorded in the period to which it relates to. This means that the upfront fee received by Fit Co. is a liability and should not be recorded as a revenue until it is earned. So, by providing two sessions in the month of March, Fit Co. has earned revenue for 2 sessions out of the twelve. Thus, at the end of March, Fit Co. should record a revenue of,
Revenue - march = 960 * 2/12 = $160
Answer:
Given that,
Petty cash fund on September 1 = $250
Office Supplies = $73
Merchandise inventory = $137
Miscellaneous expenses = $22
Fund has a balance = $18
When Petty Cash fund is reimbursed,
the expenses incurred through Petty Cash are recorded by debiting those expense.
Therefore, all the expenses incurred to be debited from the accounts.
Hence, the journal entry to record the reimbursement of the fund on September 30 includes a debit of Office Supplies for $73.
