Answer and Explanation:
The Journal entry is shown below:-
Cash Dr, 1969.80 (2010 × 98%)
Sales discount Dr, 40.20
To Account receivable $2,010 ($2,200 - $190)
(Being the entry is recorded)
Here we debited the cash and sales discount as it increased the assets and we credited the accounts receivable as it reduced the assets
Answer:
$54,020
Explanation:
Total fixed costs = Fixed selling and administrative expenses
Total fixed costs = $54,020
Thus, the total fixed costs for the firm is $54,020
Answer:
Diminishing marginal product of labor.
Explanation:
Remembering the law of diminishing marginal product which states that by additing unit of labour, while keeping other factors constant would over time lead to lesser output of labour.
Thus one may expect a sports team who continues to add players (additional unit of labour) to its roster above the minimum in the field would eventually not lead to increase efficiency in the field since other factors are kept constant such as increase training for players.
Answer:
The correct answer is: a positive correlation.
Explanation:
Correlation can say something about the relationship between variables. It is used to understand:
1. If the relationship is positive or negative
2. The strength of the relationship.
Correlation is a powerful tool that provides vital pieces of information.
In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.
In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.
Find the given attachment
