Answer:
Madison Company's Journal entry
Dec. 31
Dr Cost of Merchandise Sold 93,400
($875,300-$781,900)
Cr Merchandise Inventory 93,400
Explanation:
If the perpetual inventory records $875,300 of merchandise while the physical inventory indicates $781,900 which means we have to deduct $781,900 from $875,300 which made us to arrived at $93,400 as Debited Cost of Merchandise Sold and as Credited Merchandise Inventory .
Answer:
A. Use the Print option for two-sided printing.
I'd choose A, although I don't really understand what option D means..
Answer: Option B
Explanation: In simple words, spending multiplier refers to the effect that the spending from the govt have on an economy. As per this effect, if the govt. spends a little on the economy the multiplier effect will come into force and make a major impact on the organisation.
Government spending refers to the total outflow of resources made by the govt. for the betterment of economy. However the decrease in tax will not directly be considered an outflow but it surely does increase their revenue leading to more demand in the economy.
Hence from the above we can conclude that the correct option is B .
<span>All
electric-powered automobiles such as the Chevy spark are in the introductory stage
of their product life cycle. It is made
by the General Motors. The introductory stage is the first of the four product
cycle. Usually in this stage, it has a small market, limited competition and
fairy costly. </span>
<span> </span>
Answer:
Option D)
- Price ⇒ increase
- Quantity ⇒ indeterminate
Explanation:
Since the government increases the excise tax on gasoline, the price of gasoline should increase. Taxes always do that, they increase the price of everything. This increase in price should result in a lower quantity demanded.
If consumers start to drive longer distances because they decided to live in the suburbs, this will increase the quantity demanded for gas, and that increase int eh quantity demanded should also increase the equilibrium price.
If we combine both situations, only one definite outcome will result: the equilibrium price of gasoline will increase. But regarding the quantity demanded, that is a little more complicated because the increase in price should lower the quantity demanded, not by a lot because gas is generally very price inelastic. On the other hand, longer rides should increase the quantity demanded, but we do not know by how much. So the change in quantity is indeterminate.
