<span>fayez can best be described as a </span>government accountant.
Government's accountant main duty is to make sure that the government's spending has been efficiently used.
This is similar to management accountant's main duty to make sure company's operation is according to the budgeting plan.
Answer:
A : Net income will be understated and
F. Assets will be understated on the balance sheet.
Explanation:
'Billed customers $1,400 for services performed' will be journalised as:
Cash A/c Dr to Sale/Income A/c Cr.
So; Not recording this transaction will understate the income & asset i.e cash. Income will be understated in the P&L A/C, assets will be understated in the Balance Sheet.
Other options are inapt because: Assets & Income overstatement are opposites of correct answer. Journal & ledger will be balanced because the entire entry is not recorded & its both debit & credit aspects have been omitted.
Answer:
D) The firm is allocatively inefficient, because it produces an output level at which price is greater than marginal cost.
Explanation:
Monopolistic competition refers to a market where several suppliers exist, each supplier will offer a similar but differentiated products than its competitors. For example, restaurants are monopolistic competitors. In monopolistic competition markets there are none or very few entry or exit barriers.
Monopolistic competition firms are allocatively inefficient because their price is higher than their marginal costs because they are not able to produce at minimum average total cost.
I believe the answer is...Marginal.
Hope this helps!
Answer:
effort required.
Explanation:
When the formula is selected with respect to the fraction that the babysitter cost in case you want to go for the movie is the component of the effort required as you have to carry your baby along with you. you cant leave alone him or her as he or she is a baby also the baby sitter required a efforts so the same is to be considered