Answer:
B. her reservation price was at least $400.
Explanation:
Reservation price: It shows a limit on a price of purchase and selling of products and service rendering.
In the demand side, this price represents the higher price that the buyer is willing to pay to purchase the goods whereas, on the supply side, this price represents the lower price that the seller is willing to sell the goods.
In this question, the Shelly purchase a leather purse for $400 which means the minimum price would be $400
So, all other options except B are incorrect as option B is the most appropriate.
Answer:
a) T
b) T
c) T
d) T
Explanation:
All the statements are true. So, all the mentioned scenarios made the fraud difficult to detect.
Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect
Explanation:
From the information given in the question, the journal entry at the time of sales will be represented as:
Debit Accounts receivable $1,750
Credit Sales $1750
Now, when the credit receipt is received as illustrated in the question, the journal entry will be:
Debit Cash $1,750
Credit Accounts receivable $1,750
Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.
The correct option is B.
Answer:
The short-run market supply curve shows the quantity supplied by all the firms in the market at each price when each firm's plant and the number of firms remain the same.
Explanation:
The short-run market supply curve is derived from each invidividual short-run supply curve at a given price, stating it as the sum of the quantities supplied by all the firms at this price.
If each firm's plant and the number of firms remain the same, you can calculate the market supply curve.
Answer:
the primary objective, or purpose of a for-profit business is to maximize profits for the owners while maintaining corporate social responsibility.
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