Answer:
Option B.
Explanation:
Basic accounting equation is
Assets = Liabilities + Equity
where,
Equity = Capital + Retained earnings
Retained earnings = Revenue - Expenses - Dividend
On combining these formula, we get
Assets = Liabilities + Capital + Revenue - Expenses - Dividend
It can be rewritten as
Assets + Dividend + Expenses = Liabilities + Capital + Revenue
Assets + Dividends + Expenses = Liabilities + Common stock + Retained Earnings + Revenues
Therefore, the correct option is B.
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They gain some degree of power by means of differentiating their products from those of other firms in the industry. Remember that a monopolistic competition is the one where many firms selling products that are similar but not identical which is very different from oligopoly and the one known as imperfect competition
Answer: C. 475
Explanation:
We are told that the $57 billion extended by automobile finance companies is 1/3 of the Automobile instalment credit.
Then to find the total Automobile Instalment credit we can use this figure as so,
We multiply 57 by 3 to get the full amount since 57 is a 1/3.
57 x 3 = $171 billion.
$171 billion is the AUTOMOBILE INSTALMENT CREDIT.
We are also told that the Automobile Instalment Credit is 36% of all outstanding Consumer Installment Credit.
To find that figure now we can use simple algebra. Say the Outstanding Consumer Instalment Credit is c.
Equation will be,
0.36(which is 36% in decimals)
0.36*c = 171
The equation shows that 36% of c is $171 billion so now we solve for c.
By dividing both sides by 0.36 we get,
c = 171/.36
c = 475
All OUTSTANDING CONSUMER INSTALLMENT CREDIT is $475 billion.
Answer:
The correct answer is (D)
Explanation:
The demand and supply curve helps to determine the equilibrium quantity and price. A shift in demand and supply curve can disrupt the equilibrium quantity and price. In the above scenario, a downward shift in the demand curve can decrease the equilibrium price and quantity of the gold. A downward shift in the demand curve changes the equilibrium point by shifting the equilibrium price and quantity.
