The reasoning that Bonnie is using is known as the Inductive reasoning.
Inductive reasoning refers to the type of reasoning which involves drawing of conclusion from previous set of observations on similar incidence.
- Here, Bonnie expects to receive the order tomorrow based on previous order experiences she had on the medicines supply.
Therefore, the reasoning that Bonnie is using is known as the Inductive reasoning
Read more about Inductive reasoning:
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Answer:
Explanation:
gate City bank reconciliation statement as at December 31, 2018
Balance as per cash book 2400
Direct payment to the bank (loan) 520
Less bank charges (30)
Add bank interest 20
Adjustment 510
Adjusted cash book balance 2910
Balance as per bank statement 3,810
Less outstanding check (1300)
Add deposit in transit 400
Adjustment (900)
Adjusted bank statement balance 2,910
Answer:
Market equilibrium
Explanation:
The market equilibrium is the price at which the quantity demanded and the quantity supplied are intersected to each other
The intersection could be done by supply and demand curves
Moreover, there is a positive relationship between the price and quantity supplied while for quantity demanded it has an inverse relationship between the price and quantity demanded