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poizon [28]
3 years ago
7

Everyday low pricing means ______ pricing

Business
1 answer:
gtnhenbr [62]3 years ago
6 0
I am not completely sure but looking up the definition for all of them the closest fit in the blank is C, skimming. Hope this helps you.
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The balance in the prepaid rent account before adjustment at the end of the year is $21,000, which represents three months’ rent
nikdorinn [45]
Rent for December is
21000/3months= 7000

The adjusting entry is
Debt to rent expenses 7000
Credit to prepaid rent 7000
6 0
3 years ago
Partial-Year Depreciation Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and an
Deffense [45]

Answer:

A. Depreciation expense in 20Y5 = $900

Depreciation expense in 20Y6 = $3,600

B. Depreciation expense in 20Y5 = $2800

Depreciation expense in 20Y6 =$7840

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($42,000 - $6,000) / 10 = $3,600

The depreciation expense would be $3600 each year except in 20Y5. when the equipment was used from October to December which is 3 months

Depreciation expense in 20Y5 = 3/12 x $3600 = $900

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)  = 2/10 = 0.2

Depreciation expense in 20Y5 = 0.2 x $42,000 = $8,400

But the equipment was only used for 3 months, so we would divide the figure above by 3

$8400 / 3 = $2800

Depreciation expense in 20Y5 = $2800

Depreciation expense in 20Y6 = book value in the beginning of 20Y6 x depreciation expense

Book value = cost of the asset - depreciation expense in 20Y5

$42,000 - $2800 = $39,200

Depreciation expense in 20Y6 = $39,200 x 0.2 = $7840

4 0
3 years ago
What information must economists have to estimate the price elasticity of​ demand? To estimate the price elasticity of​ demand,
kkurt [141]

Answer:

C. the demand curve for a product.

Explanation:

Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

Thus, to determine the value of elasticity, one must know what was the change in price and the change in quantity demanded. In a graph where price and quantity are the x and y axes, this can be obtained by observing changes in the demand curve points, which reflected the price change on one axis and the quantity change on another axis. Thus, it is sufficient to divide the percentage change in quantity demanded by the percentage change in price to find the price elasticity of demand.

3 0
3 years ago
To what degree a country's legal system is based on the rule of law matters little in international business.
marissa [1.9K]

Rule of law is very important in case of country’s legal system

This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.

People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.

Learn more about rule of law at

brainly.com/question/820417

#SPJ4

3 0
1 year ago
Less certain a cash flow, the ________ the risk, and ________ the present value of the cash flow. higher; lower lower; lower hig
Akimi4 [234]
I think it’s higher the risk and the lower present value
7 0
2 years ago
Read 2 more answers
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