Answer and explanation:
The simplest form to identify a difference in the frequency of the customers who visited the sore is by recording the number of people coming into the shop is well established time frames during the morning, afternoon, and night. After performing the report for at least a couple of weeks, a comparison should be made among the opening days and time frames during a day to find out what days are the heaviest in clientele and during what time.
Answer:
Adjusting Entry
December 31,
Dr. Service Revenue $3,000
Cr. Unearned Revenue $3,000
Explanation:
Using alternate treatment the cash received in advance is recorded as the revenue initially.
On September following entry was performed
Dr. Cash $15,000
Cr. Revenue $15,000
At the end of the year services of 4 months have been performed and the amount of one month's service is received in advance until this date. It needs to be adjusted according to the accrual concept.
Answer:
- b. As the population in the United States ages, fewer workers have the physical ability to work in the industry.
- d. Due to global warming, working conditions on farms have become undesirable for more and more people.
- e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.
- h. New machinery is replacing workers in the harvesting of crops.
Explanation:
With workers getting older and being unable to be as productive as they used to be, they will have to drop out of industries that require physical strength including farming. This will therefore reduce people working in agriculture.
With global warming having made working in the fields much more harsh, people are avoiding careers that would keep them outdoors including farming which has led to a drop in the labor supply for agriculture.
A significant portion of workers in agriculture are immigrants so when immigration laws limit the number of immigrants coming in, labor supply in agriculture will reduce.
New machinery reduces the need for workers in agriculture so the more they are bought, the less workers are needed. This will therefore directly reduce the number of people working in agriculture.
A machine would cost $142,000 and the depreciation of $98,000
Answer: are benefits that are given up when selecting one alternative over another.
Explanation: When faced with the decision to make a choice between two probable options or the need to give up a certain amount of a product in other to increase production of another, the benefit or choice forgone by opting to go for an alternative is called opportunity cost. Put simply, the cost incurred or loss associated with giving up a certain investment for another.
Opportunity cost can be computed mathematically using the relation:
Opportunity cost = (Return on best forgone option - return on chosen alternative).
Opportunity cost is often considered in other to guide and weigh investment options.
