On december 31, the human bean coffee shop paid $12,000 for a full year of rent beginning on january 1. the rent payment was appropriately recorded in the cash and prepaid rent accounts. if financial statements are prepared on january 31, the journal entry to record the adjustment would be:

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?