Answer:
D) $50,000.
Explanation:
Economic performance requires that the company provided services or products to another party (i.e. a customer).
The all-events test states that all the events that caused the liability actually occurred during the accounting period and that occurrence can be accurately established. During 2017, the company could only accurately establish that $50,000 of the claims were real.
Answer:
A
Explanation:
Agile means able to move around quickly
Answer:
electronic
Explanation:
Electronic pay check means that the employer will deposit the pay of his employees through electronic mode and the employees will receive an electronic paycheck in the online portal of their payroll. As given in the question, it is the company's new policy which says that employees will receive an electronic paycheck in the online portal.
Answer:
D) consume more of Good X or less of Good Y until the marginal utility per dollar for Good X and Good Y is equal.
Explanation:
Since Joanna's marginal utility per dollar is higher for good X than per good Y, then she must consume a combination of both goods until their marginal utility per dollar is equal.
Since marginal utility is diminishing, if she reduces her consumption of good Y, maybe it will increase and match X's. Or she can choose to consume more X until its marginal utility diminishes and matches Y's.
