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3 years ago

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Suppose there is a 10% rise in the price of gasoline. then, according to the law of –, we expect the quantity of gasoline suppli

ed to –. conversely, if the price goes –, quantity supplied will –, as well.

1 answer:

KATRIN_1 [288]3 years ago

6 0

Law of supply and demand, increase, down, decrease

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Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c

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Self-interest of course! Though you gave us no clue as to who is Adam... You can tell it's mostly self-interest due to the fact that he hasn't taken any class or anything on it. Looks to me that he genuinely just loves cooking!

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3 years ago

Read 2 more answers

The government imposed a fine on the Not-So-Legal Company. The fine calls for a payment of $100,000 today, $150,000 one year fro

belka [17]

Answer:

The amount after 2 years will be $460590

Explanation:

The payment which is done 2 year from today = $200000

The payment which is done one year from today = $150000

Rate of interest = 3 %

So the amount after 1 year

$A=P(1+\frac{r}{100})^n=150000(1+\frac{3}{100})^1=$154500$

The amount which is done today = $100000

So amount after 2 years

$A=P(1+\frac{r}{100})^n=100000(1+\frac{3}{100})^2=$106090$

So total amount after 2 years = $106090+$154500+$200000 = $460590

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3 years ago

The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation:

muminat

Answer and Explanation:

The preparation of the classified balance sheet is presented below:

Blue Devils Corporation

Balance Sheet

Dec 31, 2021

Assets Amount ($) Liabilities and shareholder equity Amount ($)

Current assets: Current liabilities

cash $3,800 Accounts payable $24,800

Accounts receivable $7,800 Salaries payable $14,800

Supplies $17,800

Total current assets $29,400 Total current liabilities $39,600

Long-term assets Stockholders equity

Equipment $108,000 Common stock $48,000

Accumulated depreciation -39,000 Retained earnings $10,800

Total assets $98,400 Total liabilities and stockholders equity $98,400

We find the retained earning balance by applying the accounting equation which is shown below:

Assets = Liabilities + common stock + retained earnings

$98,400 = $39,600 + $48,000 + retained earning

So, the retained earning is $10,800

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3 years ago

While shopping for clothes, a black woman is followed around the store by a white sales associate. frustrated, she leaves the st

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4 years ago

A list of all account names used to record transactions of a company is referred to as a T-account

11Alexandr11 [23.1K]

Answer:

chart of accounts. a list of all account names used to record transactions of a company.

external transactions. transactions the firm conducts with a separate economic entity.

general ledger. all accounts used to record the company's transactions.

journal

posting

T-account

trial balance

accounts

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2 years ago