Answer: It will lead to consumption of too much of the good.
Explanation: The Scenario displayed here is a Monopolistic Market operated by the pay per view television programs E.g Multichoice
Answer:
01-Jan-19
Dr Cash $1,000,000
Cr Bonds Payable $1,000,000
Explanation:
Preparation of the Journal entry for Providence, Inc
Based on the information given we were told that the company issues the amount of $1,000,000 of 10% which include 5-year bonds at par value on January 1, 2019, this means that the Journal entry will be recorded as:
01-Jan-19
Dr Cash $1,000,000
Cr Bonds Payable $1,000,000
(To record bonds at par value)

A quotation in business is document similar to an invoice in that it contains much the same information. However, it has a different purpose: to provide the customer with a detailed list of the product or service being offered, before the order is confirmed.
