Answer:
d .$127,000
Explanation:
The computation of the beginning equity balance is shown below:
= Market value of the assets i.e agreed upon - Note payable secured by the asset
= $245,000 - $118,000
= $127,000
By deducting the note payable from the market value of the asset so that the beginning equity balance could come
All other information mentioned in the question is not relevant. Hence, ignored it
Answer: False
Explanation: Buy one and get one free is an example of a promotion to get your customers to buy your product
Answer:
4.545
Explanation:
Given:
Six months ago, the price of gasoline was $2.20 per gallon.
Now, the price is $2.40 per gallon.
In response to this price increase, the number of gallons of gasoline purchased has declined by 2 percent.
Question asked:
Based on this information, what is the absolute price elasticity of demand for gasoline?
<u>Solution:</u>
As we know:
Price elasticity of demand = 
( given)
Price elasticity of demand =
Thus, the absolute price elasticity of demand for gasoline is 4.545
Answer:
A. It must show a surplus in its capital account.
Explanation:
A deficit can be defined as an amount by which money, falls short of its expected value.
In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.
For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country.
Generally, a deficit on the current account of a country leads to a surplus on the financial and capital account. This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.
Hence, if a country has a current account deficit, it must show a surplus in its capital account.
In conclusion, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
