Answer:
1. Date General Journal and Explanation Debit Credit
Cash $20,000
Common Stock $20,000
(To record investment in stock)
Cash $900
Service Revenue $900
(To record revenue earned in Cash)
Cash $10,000
Unearned Service Revenue $10,000
(To record advance receipt)
Cash $3,500
Accounts receivables $3,500
(To record cash received)
Cash $5,000
Notes Payable $5,000
(To record issuance of note)
2. Question missing.
Indeed the answer is 60 days but let me explain it to you. Even though Armando has to notice as soon as possible, <span>Keep in mind that those charges will look like delayed payments. In that sense we can say that delayed payments 60-90 days beyond terms are charged to that person no matter what really happens. Those are the laws</span>
Answer:
8.08
Explanation:
Hi!
The income elasticity of demand is calculated by dividing the negative % change in demand by the % change in real income.
We calculate the negative % change in demand as:
19/20 = 0.95, a 95%
Then, the % change in real income as:
(34,000-30,000)/34,000 = 0.1176, an 11.76%
So the income elasticity of demand is:
0.95/0.1176 = 8.08
Hope it helps! :)
Answer:
Option D
Explanation:
In simple words, moral hazard refers to the situation when an individual do not act with full responsibility due to the fact that any loss from their behavior will be borne by some third party.
Thus, by assessing the employees before employment by a test will help to decide the employer if the individual is worthy of the job or not. Thus, efficient employees will be selected and less mistakes will occur.
Answer:
The correct answer is Unambiguously higher equilibrium quantity, and equilibrium rental rates could be higher or lower.
Explanation:
An economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal, a market equilibrium, for example, refers to the condition in which the market price is established through competition so that the quantity of Goods and services desired by buyers is equal to the amount of goods and services produced by sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.
