Hoffman, Inc. adjusts its books each month but closes its books at the end of the year. The trial balance at March 31 before adjustments is as follows: DebitCredit

Cash$11,000

Accounts Receivable9,700

Supplies1,380

Prepaid Insurance3,440

Equipment30,600

Accumulated Depreciation: Equipment $12,240

Unearned Service Revenue 6,900

Capital Stock 5,600

Retained Earnings 23,800

Dividends1,640

Service Revenue Earned 19,590

Salaries Expense8,200

Utilities Expense470

Rent Expense1,700

$68,130$68,130

According to service contracts, $4,890 of the Unearned Service Revenue has been earned in March. The amount of Service Revenue Earned to be reported in the March income statement is:

a. $19,590

b. $24,480

c. $14,700

d. $23,690

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

What is the sequence of events that could lead to trade surplus