Answer
Today’s markets involve demand and supply which are defined by quality of sensible selection rather than price (matchmaking).
Explanation
For example the school admission program in a city X allows only few students to proceed to the schools they want because the students were left with limited choices that do not allow for proper matching. This is so because first the selection was done by mail where the students ticked the school they wanted then the list is returned to the school to await selection results. The ticked option is over-picked by many students making the extra number shifted to other schools which they did not select. No right matching was made here.
Answer: technological discovery; economic dislocation
Explanation:
In the scenario described, Karen had spotted an entrepreneurial opportunity that was created by the new extraction technique, or a technological discovery. When there's a technological discovery, there will be new opportunities for people.
The technological discovery created an oil boom or an economic dislocation. When there's a change in economic conditions as a result of displacement of some workers, we say the affected people have been dislocated from the affected economy, in terms of employment.
Answer:
D. $20,240
Explanation:
Adjusted balance should be reported in the balance sheet as on August 31.
Adjusted Cash Balance calculation
Cash balance as per books August 31 $18,900
Add:
Note collected by bank for the Colt Company $1,500
Less:
NSF check ( $110 )
Bank service fees <u> ( $50 ) </u>
Adjusted Balance of cash account $20240
*The Following adjustments are already included in the Cash account balance so, these do not need any settlement in cash account.
Checks outstanding $4,500
Deposits outstanding 4,000
Answer:
Percentage of the selling price
Explanation:
Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.
Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.