The question is not complete, last part of the question is missing which I write below;
Which of the following principles of economic interaction best describes this scenario?
And the answer is "trade can make everyone better off
".
Trade can make everyone better off in light of the fact that it enables nations or companies to work in what they excel at and to appreciate a more extensive assortment of products and ventures.
The three principles concerning economic interactions are:
(1) Trade can make everyone better off;
(2) Markets are generally a better way to arrange economic activity
(3) Governments can at times develop market outcomes.
Answer:
From all indications,the two rents received have been posted wrongly, I want to believe that you are required to post the adjusting entries,hence my answer below:
The first $9000 was posted to deferred revenue,whereas only two months should have been
First rent:
DR Deferred revenue $3000
CR Revenue $3000
Second Rent
DR Revenue $6000
CR Deferred revenue $6000
Explanation:
The first $9000 was posted to deferred revenue,whereas only two months should have been deferred and December rent recognized as rent.
As far as the second rent is concerned only one month has been earned,as a result the revenue should be credited with just $3000 for December.
This then mean that revenue from the second property has been overstated in December by $6000,this necessitated by adjustment above.
<span>Employers normally require employees to pay a large portion of thecost of the life insurance benefit.</span>
Answer:
residual cash flow
Explanation:
According to my research on financial terminology, I can say that based on the information provided within the question the remaining cash is called residual cash flow. Like described in the question this term is formally defined as the income that an organization has after all debts and expenses have been officially paid.
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