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NEW QUESTION: 1
When a market is in long-run equilibrium, then
A. the opportunity cost of producing a good equals the market price of the good.
B. the price elasticity of demand for the good equals the price elasticity of supply for the good.
C. the quantity demanded exceeds quantity supplied.
Answer: A
Explanation:
In order for long run equilibrium to hold, the amount supplied and the amount demanded in the market must be equal; additionally, the opportunity cost of producing the product must equal the market price.
NEW QUESTION: 2
The publisher of a popular magazine offers a special discounted price for a 3-year subscription. At the balance sheet date, the amount that has already been collected but pertains to future periods is best referred to as:
A. Earned subscriptions revenuea revenue account
B. Deferred subscriptions revenuea liability account
C. Precollected subscriptions receivable a deferred asset account
D. Accrued subscriptions revenuean asset account
Answer: B
Explanation:
Income, which includes revenue and gains, is recognized in the income statement when an increase in future economic benefits related to an increase in an asset or a decrease in a liability can be reliably measured. Revenue is recognized reported as revenue) in the period in which the recognition criteria are met: therefore, when it is received in advance, the amount applicable to future periods is deferred. This deferral reflects the uncertainty of the reliable measurement of the future economic benefits. The uncertainty arises because the entity still must satisfy an obligation to perform in the future before it is entitled to the future economic benefits. The amount received in advance is considered a liability because it represents a present obligation arising from a past event.
Accordingly, deferred or unearned revenue is an amount that has been received but that has not met the recognition criteria for revenue.
NEW QUESTION: 3
A. Option D
B. Option B
C. Option A
D. Option C
Answer: D
Explanation:
Operators are aliases for people or groups that can receive electronic notification when jobs have completed or alerts have been raised. The SQL Server Agent service supports the notification of administrators through operators. Operators enable notification and monitoring capabilities of SQL Server Agent.
References: https://docs.microsoft.com/en-us/sql/relational-databases/database- mail/configure-sql-server-agent-mail-to-use-database-mail