On December 1, 2018, Shamrock Company received $7200 from Destiny, Inc. for rent of an office owned by Shamrock Company. The payment covers the period from December 1, 2018 through February 28, 2019. Shamrock Company recorded this as Deferred Rent Revenue when it was received on December 1. The adjusting entry on December 31 would include a:
A. debit to Rent Revenue of $3600.
B. credit to Rent Revenue of $2400.
C. debit to Deferred Rent Revenue of $3600.
D. credit to Deferred Rent Revenue of $2400.
Answer: B
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Economists David Autor, David Dorn, and Gordon Hanson investigated the effects of trade with China on blue-collar American jobs. Which statement reflects their findings?
a. Blue-collar jobs are most affected in industries where China has a comparative advantage. b. Trade with China has resulted in widespread loss of blue-collar jobs across the U.S. c. Trade with China has not resulted in a loss of American jobs. d. American labor markets have been responsive and flexible in response to globalization and trade with China.
The Do Not Call Registry and the Do Not Mail List were both established by the federal government
Indicate whether the statement is true or false
The Lagrange multiplier at the optimum gives only the instantaneous rate of change in the objective value
Indicate whether this statement is true or false.
AB Developers signs a contract with CL Corp, agreeing to build a $20 million office for the corporation. The construction contract was substantially performed. There were, however, a few minor breaches of the contract by AB Developers that made CL Corp incur damages worth $10,000. Which of the following is most likely to be true in this scenario?? A) Since there was a breach of contract, CL
Corp. may not pay any compensation to AB Developers. B) CL Corp. needs to pay the full price under the contract since the work was substantially performed. C) CL Corp. needs to pay the full price under the contract less the damages suffered by it. D) AB Developers needs to pay nominal damages to CL Corp. for breach of contract.