Answer:
$25,200
Explanation:
Given that,
Retained earnings balance on January 1, 2018, = $58,000
Dividends during 2018 = $18,350
Retained earnings balance at December 31, 2018 = $64,850
Therefore,
Net income:
= Retained earnings balance at December 31, 2018 + Dividends during 2018 - Retained earnings balance on January 1, 2018
= $64,850 + $18,350 - $58,000
= $25,200
Answer:
False
Explanation:
Demand is inelastic
Demand is inelastic if a change in price has little or no effect on quantity demanded. The coefficient of elasticity is less than one because the percentage change in price is greater than the percentage change in quantity demanded
If demand is inelastic and prices fall, the quantity demanded would rise. But the rise in quantity demanded is less than the price reduction. Therefore, total revenue would fall.
I hope my answer helps you
The answer to this question is "loan out".
A goldsmith could hold some gold in reserve for depositor's withdrawals, but "LOAN OUT" excess gold and thereby make a profit from the depositor's funds. This loan out is also refer to the long term financing.
Market research helps business understand the variables in a given market. Once the variables are understood the business can decide if and how it should enter the market. Examples could include the number and types of customers as well as competitors.
Answer:
The correct answer is letter "A": The maximum level of production of goods and services for a society.
Explanation:
Production efficiency or productive efficiency is the point in which an economy cannot increase output in a good or service without lowering the production level of another product. An economy that operates along its production possibility frontier (<em>PPF</em>)<em> </em>has maximized its production efficiency. In other words, that economy is working at its maximum possible level.
