Answer:
A sudden sharp reduction in the availability of money or credit from banks and other lenders.
Answer:
49.6 days
Explanation:
The average inventory days outstanding is an example of an activity ratio. Activity ratios measures the efficiency with which comapnies carry out their daily tasks
The average inventory days outstanding = number of days in a period / inventory turnover
inventory turnover = cost of goods sold / average inventory
Average inventory = (6,852 + 7,036 ) / 2 = 6944
$51,098/ 6944 = 7.365
365/ 7.365= 49.6 days
Answer:
On October 15
Travel expense $39
Delivery Expense $138
Office expense $214
Petty cash ($1000 - $400) $600
Cash over and short ($400 - $39 - $138 - $214 - $16) $7
To Cash $984
(Being the replenishment of the petty cash fund is recorded)
Explanation:
The journal entry is shown below:
On October 15
Travel expense $39
Delivery Expense $138
Office expense $214
Petty cash ($1000 - $400) $600
Cash over and short ($400 - $39 - $138 - $214 - $16) $7
To Cash $984
(Being the replenishment of the petty cash fund is recorded)
For recording this journal entry we debited the all expenses incurred plus the petty cash is also debited and cash is credited and the remaining balance is transferred to the cash over and short
C-consumption
I-investment
G-government expenditure
X-export
M-imports
GDP=C+I+G+(X-M)
Answer:
A negative consequence of the power he holds is that his company: Apple, has become the largest company in its market sector: consumer electronics.
For that reason, Steve Jobs has what in economics is known as market power: the ability to set prices above marginal cost, or in other words, the ability to set prices that are higher than necessary for the customer.
This amount of market power reduces the overall benefit for society, and society would be better off if more competitors entered the market to compete with Apple.
