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3 years ago

Identify whether each account would appear on the Balance Sheet or the Income Statement.

Business

1 answer:

Greeley [361]3 years ago

4 0

Answer:

The income statement shows the income items and expense items that are earned by a company for an accounting period. The balance sheet shows assets, liabilities, and the ending balances of equity items. The statement of changes in stockholders equity shows the changes of equity accounts, such as retained earnings and common stock, from its beginning balance to its ending balance. The statement of cash flows shows the inflow and outflow of cash for an accounting period.

Explanation:

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Good X and good Y are substitutes. If the price of good Y increases, then the

Hoochie [10]

Answer:

The correct answer is B. demand for good X will increase.

Explanation:

Two goods, X and Y, are said to be substitutes if they can be used to serve the same purpose. Thus, if good X is a substitute to good Y, then X can be used in place of Y and Y can be used in place of X.

For substitute goods, the cross-price elasticity of demand is positive. This means that if the price of one good rises, the demand for the substitute good increases.

3 0

4 years ago

When an employee comes late to the office, an internal attribution will occur if there is low _____, low ______ and high _____.

coldgirl [10]

Answer:

B. consensus; distinctiveness; consistency.

Explanation:

Internal attribution: It is the case of human behavior that causes the attribution, such as ability, skills, personality, etc. it is also known as dispositional attribution. In this case, individual does not blame external factor or attribution, instead, they use an internal cause for their behavior.

In the given case, the employee comes late to the office, he will use internal attribution for his behavior if there is low consensus, low distinctiveness of other factors and high consistency of getting late.

3 0

3 years ago

- How would demand have to change for a price change to be unitary elastic?

marusya05 [52]

Answer:

The percentage change in quantity demanded is exactly equal to the percentage change in price. The percentage change in quantity demanded is exactly equal to the percentage change in price.

8 0

3 years ago

Lisa Hajak, CFA, specialized in research on real estate companies at Cornerstone Country Bank for the past twenty years. Hajak r

MrRa [10]

Answer:

solicited the bank’s client.

Explanation:

In order for Lisa to have committed solicitation and violated Standard VI(a), she must have actively searched for the bank's former client. The text states that a former client of the bank hired her, but it gives no indication that Lisa went after him. Also, Lisa is no longer working for the bank, if any of the bank's clients looks for her, she isn't doing anything wrong.

3 0

3 years ago

In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 pe

WITCHER [35]

Answer:

a) 8%

b) 5%

c) 4%

Explanation:

Given:

Growth in real GDP = 3%

Growth of money stock = 8%

Nominal interest rate = 9%

Now,

(a) As per Classical Quantity Theory of Money

Money Supply (M) × Velocity (V) = Price level (P) × Real GDP (Y)

also,

Nominal GDP = P × Y

Change in M + Change in V = Change in P + Change in Y

Since,

V = Constant

thus, Change in V = 0

Change in M = Change in P + Change in Y

Change in P + Change in Y = Change in Nominal GDP = Change in M

thus,

Change in Nominal GDP = 8%

(b)

8% = Change in P + Change in Y

8% = Change in P + 3%

Change in P = Inflation Rate = (8 - 3)% = 5%

= (9 - 5)%

= 4%

3 0

4 years ago