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3 years ago

What are the two fundamental equality requirements of the double-entry accounting system?

1 answer:

6 0

Debits must = Credits, so if some one bought a $20 sofa, the credit would be the asses, more specifically the cash account because it goes down by $20 and the debit would also be the assets but the furniture, becasue it goes up by $20, 20=20 so debit=credit

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When a customer purchases a product but is not yet ready for delivery, this is referred to as?

aleksandr82 [10.1K]

A bill-and-hold arrangement.

8 0

3 years ago

If a consumer is waiting to buy a sweater he or she found at a department store until after the holiday season, which factor is

rjkz [21]

"Sweater" is the factor that is most likely influencing the decision to wait because it probably isn't cold enough for a sweater yet (I think?)

4 0

3 years ago

Read 2 more answers

George murdock discovered that only a few jobs were consistently male-dominated in his study of 324 societies around the world.

Lana71 [14]

He considered all of the following as male-dominated jobs except for taking care of cattle.
This job is either balanced between men and women, or is female-dominated completely, according to George Murdock. Based on his study, he concluded that men usually dominate in jobs such as pursuing sea mammals, hunting, and making weapons, whereas that is not the case with taking care of cattle.

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3 years ago

From 2000 to 2003, the number of employees at a certain company increased by a factor of 1/4. From 2003 to 2006, the number of e

Rina8888 [55]

Answer:

Let's assume that "X" be the number of employees in 2000.

∵ it's given :

From 2000 to 2003: the number of employees increased by a factor of 1/4

From 2003 to 2006: the number of employees decreased by a factor of 1/3

∴ We can equate the following details:

X×(increase in employee)×(decrease in employee) = 100

X×( $1+\frac{1}{4}$ )×( $1-\frac{1}{3}$ ) = 100

X×( $\frac{5}{4}$ )×( $\frac{2}{3}$ ) = 100

X×( $\frac{10}{12}$ ) = 100

X = 100×( $\frac{12}{10}$ )

X = 120

Therefore, the correct option is (b)

6 0

3 years ago

At Lequals86, Kequals90, the marginal product of labor is 8 and the marginal product of capital is 2. What is the marginal rat

Sidana [21]

Answer:

0.25

Explanation:

The marginal rate of technical substitution (MRTS) can be described as the rate of a reduction is one factor to maintain the same production level when another factor is increased.

Given that labor is measured on the horizontal axis, the MRST of K for L can be calculated as follows:

$MRST_{KL} = \frac{MP_{K} }{MP_{L} }$

Where;

MPK = Marginal product of capital = 2

MPL = Marginal product of labor = 8

Substituting the values into the equation, we have:

$MRST_{KL} = \frac{2}{8} =\frac{1}{4} = 0.25$

This implies that 0.25 of capital must be given up to have one unit of labor.

3 0

3 years ago