Answer:
The correct answer is (b)
Explanation:
The kids opened their own lemonade stand which led to an increase in the overall supply of lemonade. The increase in the overall supply of lemonade will lead to a decrease in the equilibrium price. Now, Sabrina must decrease the price of lemonade to compete with competitors. Increase in market competition always leads to a decrease in equilibrium price.
I would go with a because you need to preview/ survey the content.
Answer:
the requirements are missing, so I looked for them:
- a. Money supply.
- b. Deposits.
- c. Total reserves.
- d. Excess reserves.
a. $0
the coins are part of M1 money supply already, so it will not change it.
b. $3,000.
the DMV should deposit the pennies in their account account, therefore, total bank deposits will increase by 300,000¢
/100 = $3,000
c. $3,000
since bank deposits increase by $3,000, total reserves also increase by $3,000
d. $2,790
excess reserves = total reserves - required reserve ratio = $3,000 - ($3,000 x 7%) = $2,790
The restaurant business.
Hotels and pubs.
General specialist retailing.
Consumer services, such as hairdressing.
Debit Income Summary and credit Dividends for $25,000.
Answer: Option 5.
<u>Explanation:</u>
The balancing account of the company or an organisation is where the entries of the company are made and recorded so that at then end of the year the financial position of the company becomes clear to the stake holders of the company.
It is a double entry book keeping record where single entry is made on two sides of the book, the debit side and the credit side. This makes the book in balance for every entry. Entry on the debit and the credit side is made with the same amount to maintain the balance.
