The term income effect used in economics describes a situation where a higher price causes a reduction in the buying power of income, even though actual income has not changed.
<span>It denotes the change in demand of a good or service as a result of a change in a consumer's discretionary </span>income<span>. </span>
1. Dr Merchandise inventory 25100
Cr Accounts payable 25100
(To record purchase of inventory on account)
2. Dr Merchandise inventory 530
Cr Cash 530
( To record freight cost )
3. No entry
4. Dr Accounts payable 3600
Cr Merchandise inventory 3600
( To record purchase return)
5. Dr Accounts payable ( 25100-3600) 21500
Cr Cash 21500
(To record paid the amount due).
Answer:
The answer is "148050 and 246740".
Explanation:
Please find the complete question in the attached file.
for point a:
Cost 
Less: Salvage value 
Depreciable cost 
Divide by Useful life 
Annual Depreciation 
Depreciation expense
Accumulated Depreciation
for point b:
Double declining balance rate 
Depreciation for 2019 
Depreciation for 2020
Depreciation expense for 2021 
Depreciation expense 78840
Accumulated Depreciation 
Answer:
Denial of the death
Explanation:
A loss of a Child to a mother is not usually acceptable at first to the mother. A woman at 37 who is advance has slimmer chance of getting pregnant and the woman at 37, having a pregnancy and lossing the baby is not easy to deal with. Parental loss and bereavement is really had for a 37 year old mother who at first may not accept the death of the child but proper care will bring the mother back to full consciousness.
