Answer:
The demand for pork would decrease and the equilibrium price of pork would decrease.
Explanation:
Substitute goods are goods that can be consumed in place of each other.
If the price of chicken falls, consumers would increase the quantity demanded of chicken and reduce their demand for pork. The fall in the demand for pork would lead to a leftward shift in the demand curve for pork. A leftward shift in the demand curve while the supply curve remains unchanged would lead to a fall in equilibrium price of pork.
I hope my answer helps you
As the Binding Contract. The meaning of an agreement is a legitimately authoritative, and enforceable by law, an assertion made between at least two gatherings. In instances of the question when the gatherings are contending whether an agreement or essentials of it, have been broken, it might be required to take the case under the steady gaze of the courts.
Answer:
Book value 2020= $18,000
Explanation:
Giving the following information:
Purchasing price= $55,000
Residual value= $5,000
Useful life= 5 years
First, we need to determine the depreciation expense for 2018 and 2019. We will use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2018= 2*[(55,000 - 5,000)/5]= 20,000
2019= 2*[(50,000 - 20,000)/5]= 12,000
Book value 2020= 30,000 - 12,000
Book value 2020= $18,000
You'll have to cut back your expenses to not drive yourself into debt.
Another option would be to find an additional job or another job that can support your expenses.
Hope this helps!
Answer:
they will increase the expenses (in the income statement) and short term liabilities.
Explanation:
There are two methods that can be used to make payments. On cash basis, you can directly pay the amount, then the assets decrease (cash) and the expenses increases (wages).
If you somehow accrue the amount and pay it on a future date, then it will be regarded as short term liabilities that has to be covered up within 12 months.
