REM Real Estate received a check for $27,000 on July 1 which represented a six-month advance payment on a building it rents to a client. Unearned Rent Revenue was credited for the full $27,000. Financial statements will be prepared on July 31. REM Real Estate should make the following adjusting entry on July 31: A. Debit Unearned Rent Revenue, $4500; Credit Rent Revenue, $4500.
B. Debit Unearned Rent Revenue, $27000; Credit Rent Revenue, $24000.
C. Debit Cash, $27000; Credit Rent Revenue, $27000.
D. Debit Rent Revenue, $4500; Credit Unearned Rent Revenue, $4500.

The distinction between a normal and an inferior good is

You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† your mansion has 150 light fittings and 3000 sq ft of uninsulated exterior wall. to impress your friends, you would like to spend as much as possible, but save no more than $750 per year in energy costs (you are proud of your large utility bills). how many compact fluorescent light bulbs and how many square feet of insulation should you purchase? how much will you save in energy costs per year? (if an answer does not exist, enter dne.)

Which of the following has the largest impact on opportunity cost