Answer:
d. credit balance of $3000
Explanation:
Unearned Revenue is a liability and hence a Credit Balance Account. Unearned Revenue occurs when a firm receives cash for services not yet performed. As the service is performed, the account will be reduced to the extent of those services performed as shown below :
Unearned Revenue Account
Beginning Balance $6,000
Add Collected in advance during the year (2,000 + 600) $2,600
Less Services Performed ($5,000)
Ending Balance $3,100
Conclusion :
This is closest to d. credit balance of $3000
When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of good A rises to $70, the quantity demanded of good A falls to 400 units. Using the midpoint method, O 1. the price elasticity of demand for good A is 0.67, and an increase in price will result in an increase in total revenue for good A O2 the price elasticity of demand for good A is 1.50, and an increase in price will result in a decrease in total revenue for good A. O 3. the price elasticity of demand for good A is 1.50, and an increase in price will result in an increase in total revenue for good A O 4 the price elasticity of demand for good A is 0.67, and an increase in price will result in a decrease in total revenue for good A
Answer: The price elasticity of demand for good A is 0.67, and an increase in price will result in a increase in total revenue for good A
Explanation:
The following can be deduced form the question:
P1 = $50
P2 = $70
Q1 = 500 units
Q2 = 400 units
Percentage change in quantity = [Q2 - Q1 / (Q2 + Q1) ÷ 2 ] × 100
Percentage change in price = [P2 - P1 / (P2 + P1) ÷ 2 ] × 100
% change in quantity = (400 - 500)/(400 + 500)/2 × 100
= -100/450 × 100
= -22.22%
% change on price = (70 - 50)/(70 + 50)/2 × 100
= 20/60 × 100
= 33
Price elasticity of demand = % change in quantity / % change on price
= -22.22 / 33
= -0.67
This means that a 1% change in price will lead to a 0.67% change in quantity demanded. As there was a price change, there'll be a little change in quantity demanded because demand is inelastic. Thereby, he increase in price will lead to an increase in the total revenue.
Therefore, the price elasticity of demand for good A is 0.67, and an increase in price will result in an increase in total revenue for good A
Why do you think it is better for the industry to advertise its product through magazine than newspapers.Give two reasons
Answer:
Magazines are more specifically targeting, offer higher scope of sale conversion.
Explanation:
Advertisement is done to persuade people for buying goods & services. It can be of various forms, eg - magazines & newspapers.
Magazines are better than newspapers, as -
Magazines are read by people specifically interested in the particular niche, so they are more likely to be prospective buyers of the product. Newspapers are comparatively less targeted form of advertisement, as they advertise to all the people, irrespective of their scope of interest in the good or service. Magazines are relatively more targeted in this case.How can social media cause people to live from pay check to pay check?
Answer:
Living paycheck to paycheck: For many, this act of using most oe all your monthly income to cover your monthly expenses-with no money left over and none for savings.
Why can you win a presidential election without winning the most individual votes?
Answer:
Because of Electoral College system
Explanation:
Answer:
You can win when you get more electoral college votes than your opponent. The first to 270 votes wins the race.
Explanation:
(hope this helps :P)
Someone who creates attractive presentations of food dishes for magazines is called which of the following?
a. food stylist
b. research chef
c. personal chef
d. food preparation worker
Answer:A
Explanation:
Which type of bankruptcy leaves your credit report sooner?
The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.
Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.
Explanation:
Which of these is most closely associated with an economic recession? *
1.an increase in stock prices
2.an increase in consumer spending
3.a decrease in the demand for labor
4.a decrease in the minimum wage
Answer:
3. a decrease in demand for labor
Explanation:
Economic recession is associated with the significant loss of economic activity. The economic activity includes like Goss domestic production, income, industries and wholesale.
The recession may be for the short and long term and be followed by a raid r a slow recovery. Such as economic slowdown after the corona affected nations and indirectly affected the wages and salaries of the workers and laborers.Hence the option 4 is correct.
Learn more about the these are most closely associated with an economic recession.
brainly.com/question/3978009.
What number is 0.1 more than 30.7?
Answer:
30.8
Explanation:
How much candy is in 30 bags? there are 10 pieces of candy each
Answer:
300
Explanation:
10/30=300
Choosing to go to college over getting a job right out of high school is an example of a(n)___.
fixed cost
opportunity cost
Ο Ο Ο
variable cost
O none of the above
Marlon wants to save money over a long period of time. He does not need to have easy access to the money, and he is worried about losing his investment. He would like to know the
interest rate up front. Which of the following options would best suit his needs?
O Certificate of deposit
OIRA
O Traditional checking account
Traditional savings account
Answer:
A. Bonds.
Explanation:
I majored in Business
The option which fulfills the needs of Marlon is a Certificate of deposit. Thus the correct answer is A.
What is a Certificate of Deposit?A certificate of deposit is considered a kind of saving account which helps the account holder to carry a set amount for a fixed period of time. The duration can be of six months, a year, or five years. The bank will be the interest rate to the holder based on the duration.
Marlon wishes to acquire savings over time. He does not require easy access to the funds and is concerned with losing his investment. He wants to know the interest rate right away. In this situation Certificate of the deposit will be suitable as it holds money for a fixed duration of time.
This will be better as it provides a higher rate of interest and does not charge any maintenance fees from the account holder.
Therefore, option A Certificate of deposit.
Learn more about investment, here:
brainly.com/question/17256217
#SPJ5
When looking at the purchase of accounting software, things to avoid include
Answer:
4) C) software that requires a high annual subscription whether you want the updates or not
Explanation:
1203+345=
............
How is it best to get rid of information you receive in the mail?
A Tear the mail in half and place each half in a different trash bag
B Just throw it way, thieves don't dig through trash
C Use a shredder before placing it in the trash
D Mark out all personal information with a marker
What are the characteristics of effective pricing?
Answer:
Customer perception of value. Value needs to be at the core of every pricing decision your company makes.
Costs of running your business.
Competitors in your market.
Target customer personas.
Growth potential.
Create buyer personas.
Price in tiers.
Perform a pricing audit.
Explanation:
Hope that helps!
will gie 5 starz thank and braiest
Answer:
True true false False true false I'm not sure this is correct
Explanation:
T account charts must always have what?
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order
Answer:
July 1,2020
Dr Cash $ 14,400
Cr Unearned Service Revenue $ 14,400
December 31,2020
Dr Unearned Service Revenue $ 2,400
Cr Service Revenue $ 2,400
Explanation:
Preparation of the journal entry for July 1 and the adjusting entry on December 31 for Kalter Insurance Co
Based on the information given the journal entry for July 1 will be :
July 1,2020
Dr Cash $ 14,400
Cr Unearned Service Revenue $ 14,400
(Being to record Unearned Service Revenue )
Based on the information given the Journal entry for December 31,2020 will be :
December 31,2020
Dr Unearned Service Revenue $ 2,400
Cr Service Revenue $ 2,400
[ ( $14,400 / 36 Months) * 6 ]
(Being to record Service revenue earned)
Note that 3 years will give us 36 months (12month*3) and July 1,2020 to December 31 will give us 6 months.
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
What is service enterprise
I WILL GIVE BRAINLIEST
An asset account called ______________ means that customers can take possession of the good, and pay for it later.
A. Accounts Receivable
B. Accounts Payable
C. Cost f Goods Sold
Answer:
b account payable is your answer.....
Explanation:
B. Accounts Payable
What type of account is used regularly and handles day-to-day
transactions?
A Line of credit
B Money market
C Checking
D Savings
why would anyone select a bank that has unfavorable overdraft policies
Answer:
The person may not have options due to age and distance and disabilities.
Explanation
1. The person who operates a business
under the name of the owner.
Answer:
Franchise
Explanation:
A franchise is someone who uses the name, logo and design of an existing company. I think it's the same thing
Differentiate wealth-creating venture from income-generating venture.
Answer:
Explanation:
A wealth creating venture is expected to produce a return over a longer time span. Let’s say that the venture is expected to lose money for 5 years and then generate significant returns in year six. Over a ten year span, it might be very profitable. But if you are expecting to live off the proceeds starting on day one then you have a problem.
An income generating venture is expected to become cash-flow positive much sooner. A self-funding entrepreneur is likely to desire an income generating venture unless they are very wealthy. A venture backed business allows for a longer timeframe to accrue value.
You are creating a budget for your new business. What should you include?
A. All income and expenses.
B. Fixed expenses but not income.
C. Income but not variable expenses.
D. Fixed and variable expenses but not taxes.
Answer:
A
Explanation:
You should include all income and expenses because you need to know the value of the business and the amount of money you'll have to spend after you have deducted all the expenses and added all the incomes of the business.
which of the folliwing guidelines is not include in making vegetable salad?
Answer:
An apple mabye??
Explanation:
What is the first step when creating a 3-D range name?
Open the New Range window, and click 3-D.
O Press the Shift key while selecting the new sheet.
O Open the Name Manager, and click New.
O Click a cell to insert the cell reference.
Answer:
C. Open the Name manager, and click New
Explanation:
HELP: Due tomorrow at 10am! Fill in the blanks (Economics)
Answer:
Explanation:
1. Trade-off 2. Factors of production 3. Gun v butter 4. Production possibility curve 5. Training and technology 6. Human capital
7. Marginal cost 8. Unlimited wants but only limited 9. Scarcity
10. Scarcity 11. Inefficiently 12. Opportunity cost 13. Trade off