Answer:
Accounts receivables -under-the-Hill 11,700 debit
credit card fees expense 300 debit
sales revenues 12,000 credit
Explanation:
The credit card fee is considered an expense
$12,000 x 0.025 = 300
We will debit our accounts receivables for the difference between the 12,000 billed and the fee charged for Under-the-Hill credit car:
12,000 - 300 0 11,700
Answer:
D
Explanation:
hope this helps please brainiest
Answer:
The change in checking deposit is equal to $22,727.27.
Explanation:
An amount of $2,500 is deposited in a checking account.
The required reserve ratio is 0.11 or 11%.
A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.
The change in the checking deposits will be
= 
amount deposited
= 
= $22,727.27
Answer:
The correct answer is option d.
Explanation:
The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.
Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.
Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.
