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kotegsom [21]
3 years ago
10

Poor india makes millionaires at fastest pace ​india, with the​ world's largest population of poor​ people, also paradoxically c

reated millionaires at the fastest pace in the world. millionaires increased by 22.7 percent to​ 123,000. in​ contrast, the number of indians living on less than a dollar a day is 350 million and those living on less than​ $2 a day is 700 million. in other​ words, there are​ 7,000 very poor indians for every millionaire. ​source: the times of india​, june​ 25, 2008 how is the personal distribution of income in india​ changing? if the number of millionaires in india is growing​ quickly, then the​ _______.
a. number of indians living on less than a dollar a day will decrease
b. personal distribution of income is becoming more unequal
c. number of indians living on less than a dollar a day will increase
d. personal distribution of income will not ch
Business
1 answer:
DedPeter [7]3 years ago
8 0
B. 

b. Because some are getting more money, while others still get low income. Which means it is unequal.

Hope it helped!

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On August 1, Greene Company purchased merchandise inventory on account with a list price of $25,000 and credit terms of 2/10, n/
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Answer:

August 1, merchandise purchased on account 2/10, n/30

Dr Merchandise inventory 25,000

    Cr Accounts payable 25,000

Explanation:

If Greene paid within the discount period, the journal entry to record the payment would be:

August 2-11, payment of accounts payable

Dr Accounts payable 25,000

    Cr Cash 24,500

    Cr Purchase discounts 500

If Greene didn't paid within the discount period, the journal entry to record the payment would be:

August 20, payment of accounts payable

Dr Accounts payable 25,000

    Cr Cash 25,000

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Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.
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Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.--  Existence and accuracy

What is an Accounts Receivable Confirmation?

When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation

What does it mean to confirm account?

Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.

Learn more about Confirm account receivable:

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7 0
1 year ago
What pricing strategy could work well in any market, primarily by generating buyer interest?
hram777 [196]

Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.

How a change in price impacts consumer demand is assessed using the price elasticity of demand.

A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).

Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).

The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.

You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.

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3 0
1 year ago
The market opportunities most relevant to a company are those that
Wewaii [24]

Answer:

are in their directly related field, they are going to have more market opportunities if they stick to their target market

Explanation:

3 0
3 years ago
Required information
allsm [11]

Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $189,000

         To service revenue $189,000

(Being service provided on the account is recorded)

Here we debited the accounts receivable as it increased the assets and we credited the service revenue as  it increased the revenue

b. Cash Dr, $184,000

         To Accounts receivable $184,000

(Being collection on accounts is recorded)

Here we debited the cash as it increased the assets and we credited accounts receivable as  it decreased the assets

c. Bad debt expenses Dr, $6,180

         To Allowance for uncollectible accounts $6,180

(Being estimated uncollectible accounts is recorded)

Here we debited the bad debt expenses as it increased the expense and we credited the allowance for uncollectible accounts as  it decreased the asset

Working note

Uncollectible accounts = (Total account - Cash collected) × 20%

= ($25,900 + $189,000) - $184,000 × 20%

= $30,900 × 20%

= $6,180

d. Allowance for uncollectible accounts Dr, $7,900

            To Accounts receivable $7,900

(Being write off of actual bad debt is recorded)

Here we debited the allowance for uncollectible accounts as it increase the allowance and we credited the accounts receivable as it decreased the asset

8 0
3 years ago
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