The projected sales ar 52,149 units of bikes for 2012. On hand at Jan 1, 2012 are 5002 units. So 52,149-5002= 47137+6831= 53,978 bikes to make in 2012 in other words, the net production to make the 52149 is 47137 plus the desired inventory at the end of 2012 totals the 53,978.
“Price insensitive” would be the closest answer
Answer: the substitution bias
Explanation: The substitution bias shows the tendency of consumers of buying less costly good in place expensive one.
In the given case when the price of apple rises and the price of oranges falls then the consumer will purchase more of the oranges. In such a scenario the index will rise showing that the good which was purchased earlier by the consumers has risen however in the real world the consumer shave sifted their demand to a less expensive product.
Thus, it will lead to overstatement of substitution bias.
Answer:
sale on account
Explanation:
When a sales is made and payment is expected at a future date, a sales on account occurs, e.g.:
January 2, 2020, 5,000 units sold at $10 each to ABC company, credit terms 2/10, n/30. Cost of goods sold is $30,000
Dr Accounts receivable 50,000 (5,000 x 10)
Cr Sales revenue 50,000
Dr Cost of goods sold 30,000
Cr Merchandise inventory 30,000
After the invoice is collected, the journal entry would be:
January 30, 2020, invoice collected from ABC company
Dr Cash 50,000
Cr Accounts receivable 50,000
Answer:
The correct answer is letter "A": Felipe is the owner of the deposits because they became his personal property upon quarry.
Explanation:
In real estate, the chain of title is the document where all the legal owners of a property are registered. This document also includes information if there are minerals below the surface and to whom they belong in case of the purchase of the property. If in the sale contract that information is not specified and there is no clause denying the ownership of minerals to the buyer if found any, the seller is not necessarily the owner of those minerals.
Therefore, if the purchaser quarries minerals found below the surface of property bought, the minerals would belong to the purchaser upon extraction since they became personal property.
