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4 years ago

Pizza is a normal good if the demand Group of answer choices

Business

1 answer:

levacccp [35]4 years ago

5 0

Answer:

Option A, For Pizza rise when income rises.

Explanation:

Option A is correct because the income of the consumer and the demand for normal goods are positively related. So when consumer's income increases then the demand for normal goods also increases. If the income falls then the demand for normal goods also falls. Therefore, the movement in the same direction shows that there is a direct relationship between normal goods and the income of the consumer.

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The transactions of Spade Company appear below.

ICE Princess25 [194]

Answer:

Required 1 : General journal entries

Cash $100,750 (debit)

Capital ; K. Spade $100,750 (credit)

Office Equipment $10,050 (debit)

Trade Payable $10,050 (credit)

Trade Payable $10,050 (debit)

Cash $10,050 (credit)

Trade Receivable $2,700 (debit)

Fees Earned $2,700 (credit)

Rent Expense $1,225 (debit)

Cash $1,225 (credit)

Cash $1,125 (debit)

Trade Receivable $1,125 (credit)

Required 2 : Posting Journal Entries to T - Accounts

Cash Account

Debit

Capital ; K. Spade $100,750

Trade Receivable $1,125

Totals $101,875

Credit

Trade Payable $10,050

Rent Expense $1,225

Balance c/d $90,600

Totals $101,875

Capital Account

Debit

Balance c/d $100,750

Totals $100,750

Credit

Cash $100,750

Totals $100,750

Office Equipment Account

Debit

Trade Payable $10,050

Totals $10,050

Credit

Balance c/d $10,050

Totals $10,050

Trade Payable Account

Debit

Cash $10,050

Totals $10,050

Credit

Office Equipment $10,050

Totals $10,050

Trade Receivable Account

Debit

Fees Earned $2,700

Totals $2,700

Credit

Cash $1,125

Balance c/d $1,575

Totals $2,700

Rent Expense Account

Debit

Cash $1,225

Totals $1,225

Credit

Profit and Loss Account $1,225

Totals $1,225

Fees Earned Account

Debit

Trading Account $2,700

Totals $2,700

Credit

Trade Receivable $2,700

Totals $2,700

Explanation:

All transaction are first record in the journal. Be careful to use the account titles provided by the question.

The Posting to general account is the second stage in accounting. Here account balances to be transferred into the trial balance are established.

8 0

3 years ago

Explain the nature of economic theory

kkurt [141]

Answer:

please give me brainlist and follow

Explanation:

Nature of Economic Theory: Economic theory involves generalisations which are statements of general tendencies or uniformities of relationships among various elements of economic phenomena. A generalisation is the establishment of a general truth on the basis of particular experiences.

7 0

3 years ago

Which of the following is NOT a part of a report? answer?

valentinak56 [21]

Answer:

terms of reference

Explanation:

introduction and conclusion must be included in all reports regardless of the subject. this is typically the same with findings as well

6 0

1 year ago

An activity performed by a subcontractor is scheduled for 20 weeks at an anticipated cost of $100,000. Due to slippage on the cr

alekssr [168]

Answer:

$25 000 per week

Explanation:

slope is define by the equation

s = ( y2 -y1) / (x2 - x1) = (200000 - 100000) / (16 - 20) = $25 000 per week

it is negative slope where y2 = $ 200000, y1 = $ 100000 and x1 = 20 weeks and x2 = 16 weeks

7 0

3 years ago

Read 2 more answers

Because corporate officers have the implied power to bind the firm in matters directly connected to its business, there is no li

mr Goodwill [35]

It should be noted that corporate officers have the implied power to bind the firm in matters directly connected to its business.

<h3>Who are corporate officers?</h3>

corporate officers serves as those workers in a company or an organization who are seen as officials and they have allocated duties and responsibilities .

These officers posses the power to bind the firm in matters directly connected to its business.

Learn more about corporate officers at,;

brainly.com/question/24518056

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2 years ago