On December 31, 2018 the balance in Energy Exploration Company's Unearned Revenue account was a credit of $ 10 comma 000. In
January, 2019, the company received an advance payment of $ 12 comma 000 from a new customer for services to be performed. By January 31, adjustments were made to recognize $ 7 comma 000 of the revenue that had been earned during January. What was the balance in Unearned Revenue on January 31, 2019?
To no the prices of goods and service and to buy stuff at low prices.
Explanation:
A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.
