Answer:
C. Letter C; demand exceeds supply, resulting in a shortage
Explanation:
I had put my answer as A on the test and got it wrong. But this is the correct answer C.
Expenses decreases retained earnings; therefore, to increase any expense, one would debit the expense account
What does retained earnings mean?
Retained earnings are profits retained in the business for reinvestment and for expansion purposes, in essence, expenses would reduce the retained earnings, the higher the expenses, the lesser the retained earnings become.
From a double entry point of view, an increase in expenses would be debited to expense account and a decrease is credited instead.
Find out more retained earnings on:brainly.com/question/15175380
#SPJ1
Answer:
Yes, because Henry had authority to sell the horse
Explanation:
In the given scenario Henry had apparent authority to sell the horse.
Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.
James rightly assumed Henry had the power to sell the horse.
So the sale of the horse is binding on Eleonore.
Answer:
forecast on equipment usuge by a Dry cleaner
Explanation: For Sept 88,91,94 and 97
october-94,97,
