An adjustment to record unrecorded fees earned was posted during the current period. which of the following would cause the adjusted trial balance totals to be unequal? a. the adjustment was posted as a debit to fees earned and a credit to accounts receivable. b. the adjustment was posted as a debit to accounts receivable for $870 and a credit to fees earned for $780. c. the adjustment was posted as a debit to cash and a credit to fees earned. d. the adjustment was completely omitted.

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.

Ryan is deciding between attending western state university and eastern state university. he cannot attend both universities simultaneously. both are fine universities, but the reputation of western is slightly higher, as is the tuition. let mu subscript upper e and mu subscript upper w be ryan's marginal utilities from attending eastern and western state universities respectively and upper p subscript upper e and upper p subscript upper w be the prices of attending eastern and western state universities. using the rule of consumer optimum, ryan will decide to attend eastern state university, if mue/pe exceeds muw/pw attend eastern state university if mue/pe is less than muw/pw attend western state university, if pe/mue< pw/muw attend western state university, since it gives him more utility.

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