Answer:
The answer is: D) All of the above are correct.
Explanation:
A) The state beach will tend to be overused because it is a public good that cannot exclude anyone from using it.
B) The state beach is a direct competition to other public or private beaches when it is used by the general public, since only one can be used at a given point in time.
C) The state beach is a common resource because it provides users with tangible benefits.
Answer:
Date Accounts Titles & Explanation Debit Credit
Dec 31 Rent Expense $2,040
($6,120 *2/6)
Prepaid Rent $2,040
Dec 31 Deferred Revenue $525
Service Revenue $525
Dec 31 Salaries Expense $700
Salaries Payable $700
Dec 31 Supplies Expense $2,390
($3,100 - $710)
Supplies $2,390
Demon Deacons Corporation
Adjusted Trial balance
December 31, 2021
Accounts Debit$ Credit$
Cash 9,100
Account receivable 14,100
Prepaid rent 4080
Supplies 710
Deferred revenue 1,575
Salaries payable 700
Common stock 11,000
Retain earnings 5,100
Service revenue 45,245
Salaries expenses 31,200
Rent expenses 2,040
Supplies expenses <u>2,390</u> <u> </u>
Total $<u>63,620</u> $<u>63,620</u>
Prepaid rent = 6,120 - 2,040 = 4080
Supplies = 3100 - 2390 = 710
Deferred revenue = 2,100 - 525 = 1575
Answer:
B) $330,000
Explanation:
Cash from operating activities involves the cash inflows and outflows that is realised during normal busines s activities. It is the first section that appears in the statement of cash flows.
Other sources of cash flows is from investing activities and financing activities.
Operating cash flow= Net income+ Depreciation- Taxes +/- Change in working capital
Operating cash flow= 300,000+ 60,000- 15,000+ 30,000- 45,000= $330,000
Good treatment for customer,well coming of the customer,to provide quality surviec
<span />
