Answer:
The correct answer is False.
Explanation:
The law of demand states that a higher price results in a lower quantity demanded, and that a lower price leads to a greater quantity demanded.
An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a price drop will increase the quantity demanded. For example, when the price per liter of gasoline increases, people look for ways to reduce their consumption by combining several chores, moving in a shared vehicle or on public transport, or spending the weekend and vacations in places near their home. Economists call this inverse relationship between price and quantity demanded law of demand. The law of demand assumes that all other variables that affect demand remain constant.
The correct answer is choice b.
Revenue is normally recognized when the services are rendered. At this point in the accounting cycle you would make an entry to record the sale. It would be a credit to Sales/Revenue and a debit to either cash or accounts receivable.
Answer:
b.revenues and expenses, the drawing account
Explanation:
Closing entries are placed in order to close all the temporary accounts. In First closing entry we close all the income and expenses accounts and in second entry we close the drawing account. Drawing account show the amount of cash or resources of the business which is personally used by the owner in the period only. It needs to be closed at the year end like income and expenses accounts.
Answer: 1) CM / Sales = CM Ratio
CM = 306,000 - 238,680 = 67,320
CM Ratio = 67,320 / 306,000 = 0.22
2) CM Ratio x 2,500 = 550
Explanation:
Answer:
For example, a trade where the U.S. exports 4,000 refrigerators to Mexico in exchange for 1,800 pairs of shoes would benefit both sides, in the sense that both countries would be able to consume more of both goods than in a world without trade.
<h3>hope it's help you </h3><h3>plz mark as brain list</h3>
