Under the accrual method, an advance received or paid is not revenue or expense. In the cash method, an advance is an income or expense. Accordingly, in the accrual method, this is a receivable or payable, in the cash method-this is revenue and cost
The difference between substitute and complimentary is:A substitute is something used instead of a particular good or service, eg. for dinner , if you decide to eat beef instead of...
A private good is both rival and excludable this means that consumption is rival and consumers can be excluded. For instance a can of pineapples is a private good while...
X and Y are substitute goods because a decrease in price of X means that consumers will demand more of X .Demand for good Y will decrease because consumers will...
Total cost per month t is equal to sum of fixed and variable costs Variable costs per month are R3000 Fixed costs per month are R400 (its not per unit,...
Answer=10,250Explanation:Computation of the total costs per month: - Total costs = Total variable cost + Total fixed cost Thus = 5,000 + (350 * 15) = 5,000 + 5,250 = 10,250
