Answer: a. Liabilities increased by $1.0 million in 2018
Explanation:
In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.
The money remaining in cash after the wage settlement was:
= 9,000,000 - 2,000,000 - 8,000,000
= -$1,000,000
This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.
This account is a liability account so liabilities in 2018 would increase by $1,000,000.
Outcome which is expected regarding the hot cocoa industry when the cost of cocoa from south america increases in price, making it more expensive to u.s. businesses is that consumers will decrease the purchase of hot cocoa.
This happens due to the law of demand.
The law of demand describes that demand for any product changes inversely to its price if all other things kept equal. In other words, the higher the price will be, the lower the level of demand will be there.
Because the buyers always have finite resources, their spending on a given product or any commodity is also limited , so higher prices will definitely reduce the quantity demanded.
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Answer:
The correct option is C
Explanation:
Provided rise in price increases the revenue from muffin.
That is by $35,000 to $38,000
Rates per muffin = $2 to $3 revised.
Demand at price of $2 = $35,000/$2 = 17,500 units
Demand at price of $3 = $38,000/$3 = 12,667 units approximately
Thus, with increase in price the demand gets to fall in number, though the revenue has increased.
Since the price is increasing by $1 per unit, thus the range is unit elastic.
The correct statement is C
Answer:
(C) The security has a maturity that takes place within the next year.
Explanation:
A liquid investment is an investment that can be easily and swiftly converted into cash. Cash is the most liquid asset, but it also yields virtually no returns. Generally, the more liquid an investment, the lower returns it tends to yield.
In this particular case, the investor is worried about the liquidity of the investment, so the RR must look for securities that mature in a short period of time. Only option C makes any reference to maturity time, and since these municipal bonds mature within the next year, they are short term investments.
Answer:
The correct answer is letter "A": European cars will become less expensive in the United States.
Explanation:
When a currency appreciates over another it means its value is greater than the other. For instance, if the dollar appreciates over the euro, all European items will be cheaper in countries where the dollar is the official currency. Besides, American items will be expensive in countries where the euro is the official currency for trade.
Therefore, <em>European cars in the U.S. will be less expensive.</em>
