Answer:
(B) A big sale on socks
For a movement along the demand curve the reason has to be a price factor as all other factors shift the supply curve to the right or left. In this case the a big sale on socks would mean that the price of the socks is decreasing, which will move the point on the demand curve further down on the curve as the demand curve is downward sloping, and a decrease in price would move the point of quantity traded further down to the curve.
Explanation:
Answer: Surplus
Explanation: There will be a surplus of 8000 tickets. Since soccer teams would be willing to supply 25000 tickets at $22 and the consumers are willing to purchase 17000 tickets at $22. The difference is (25000 ticket - 1700 ticket) = 8000 ticket.
Answer:
December 31 Salaries & wages expense 3600 Dr
Salaries & wages Payable 3600 Cr
Explanation:
The pay week is of 5 days starting from Monday to Friday. The wage per day is,
wage per day = 6000 / 5 = $1200 per day
The adjusting entry is made based on the accrual or matching principle which follows that the expenses and revenue relating to a particular period should be matched and recorded in their respective periods.
Thus, the wage expense for 3 days ending 31 December will be recorded as wages expense on 31 december for 1200 * 3 = $3600
The credit against this entry will be wages payable as the wage will be paid on January 2.
Answer:
1. 30 hours.
2. $500 (dollars)
Explanation:
According to the Federal Trade Commission from the survey conducted based on the United States of American population age 18 and over, amongst other findings, it was concluded that; A person will likely spend 30 (THIRTY) hours to resolve the problems caused by identity theft and up to $500 (FIVE HUNDRED DOLLARS) on costs related to identity theft, not including attorney fees.
Answer:
The correct answer is D
Explanation:
Expenditure is the funds which is used by organizations, firms or the corporations in order to attain the improve existing ones, new assets or the decrease the liability. In short, it is the use of the resource in the business operations.
So, when the expenditure is made on machine which is used by an enterprise need to be capitalized if it increase the quantity produced by the machine.
