The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that <span>the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question. </span>
. The amount of the purchase cost that should be allocated to the land and building are as follows:
Land = $233,750
Building = $701,250
The company would not recognize a gain on the purchase but uses the appraised values to determine the costs to be allocated to the two assets.
c. Statements model:
Balance Sheet Income Statement Statement of
Cash Flows
Assets = Liabilities + Equity Revenue - Expenses = Net Income
Cash Land Building
($935,000) $233,750 $701,250 $0 - $0 = $0 ($935,000) IA
d. General Journal
Account Titles Debit Credit
Land $233,750
Building $701,250
Cash $935,000
<h3>Is a debit money in or out?</h3>
When your bank account is debited, money is taken out of the account.
The opposite of a debit is a credit, in which case money is added to your account.
Learn more about debit and credit here:
<h3>
brainly.com/question/14283668</h3><h3 /><h3>#SPJ4</h3>
<span>Answer:
Now total premium is (700+900) = 1600 so saving will be $ 160 . Future value of the savings over 10 years based on annual interest</span>
Answer:
a. True
Explanation:
In Science, this biological classification of living organisms based on similarities or characteristics such as eyes, number of legs, etc., is generally referred to as taxonomy.
Taxonomy can be defined as the process of naming, classification and description of living organisms such as plants and animals. The eight (8) biological classification (taxonomy) used for grouping and organizing organisms are; kingdom, domain, phylum, family, order, class, species and genus.
Basically, taxonomy helps scientist to have a good understanding and knowledge when studying various organisms.
A cladogram can be defined as a branching or tree diagram used by scientists to show the evolutionary relationship between various species of organisms.
Similarly, the goal of a cladogram is to show the relationships among a group of organisms.
Answer:
See
Explanation:
Sales volume = 1,000 units
Selling price = $70,000/1,000 = $70
Variable cost = $12,000/1000 = $12
900 units
Contribution margin income statement
Sales (900 × $72)
$64,800
Less:
Variable expenses (900 × $12)
($10,800)
Contribution margin
$54,000
Less:
Fixed expenses
($23,310)
Net Operating income
$30,690
