Answer:
320 Investments—Debt and Equity Securities
10 Overall
25-4 Recognition
Answer:
The correct answer is option B.
Explanation:
Melanie decided to buy a coat at a price of $79.95.
When she brought the coat to the store's sales clerk, Melanie was told that the coat was on sale, and she would pay 20 percent less than the price on the tag.
She got a discount worth $15.99.
The consumer surplus, in this case, will be at least $15.99.
This is because the consumer surplus is the difference between the price the consumer is willing to pay for a good and the price he/she actually pays.
Melanie paid $15.99 less than the price but she may have been willing to pay more than the initial price. So the consumer surplus will be at least $15.99.
Answer:
C. An increase in consumer demand resulting from a reduction in prices .
Explanation:
when prices decline the consumer demand quantity increases.
Answer:
a. Deposit in transit $5,500.
This is <em>added to the balance on the bank statement</em> because it has already been added to the books of the company but it is yet to be processed by the bank.
b. Bank service charges $25.
<em>Deducted from the book balance</em> because the bank has already deducted this charge from the company's bank account so the company needs to do the same in its books.
c. Interest credited to Horton’s account $31.
<em>Added to the book balance</em> because this is interest earned on the account from the bank. The bank has therefore already added it to the company's bank account and so the company needs to add it to their books.
d. Outstanding checks $7,422.
<em>Deducted from the balance on the bank statement</em> because the company issued a check from their account but it has not be debited from the bank account yet but has been recorded in the books.
e. NSF check returned $377.
<em>Deducted from the book balance. </em>
