Answer:
When interest rates change, there are real-world effects on the ways that consumers and businesses can access credit to make necessary purchases and plan their finances. It even affects some life insurance policies. This article explores how consumers will pay more for the capital required to make purchases and why businesses will face higher costs tied to expanding their operations and funding payrolls when the Fed changes the interest rate. However, the preceding entities are not the only ones that suffer due to higher costs, as this article explains.
Explanation:
Answer: Decrease
Explanation:
According to the Law of Demand, The quantity demanded for purchase of a commodity inversely varies with the price.
That is to say that "ceteris paribus" ( with everything being equal),When the prices of a particular good go higher, people will buy less of such commodity but will buy more, if the prices of the goods reduces.
We can say demand is elastic if quantity demanded for a commodity decreases with increase in price which will make people choose another lower substitute good eg, detergent, ice cream
Also if quantity demanded does not change much with increase in price , then it is referred to as Inelastic Demand for example necessity commodity such as gasoline.
Answer:
can u show the case study
Answer:
Filling rax return is a duty of a personal finance manager
Answer:
(1) accrue salaries expense
Debit [e.] Salaries Expense
Credit [g.] Salaries Payable
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(2) adjust the Unearned Services Revenue account to recognize earned revenue
Debit [a.] Unearned Services Revenue
Credit [f.] Services Revenue
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(3) record services revenue for which cash will be received the following period.
Debit [b.] Accounts Receivable
credit [f.] Services Revenue
