Answer:
Increase price.
Explanation:
Price elasticity is the degree of responsiveness of quantity demanded to changes in price. Ideally as price increases quantity demanded reduces. When prices reduce quantity demanded increases.
As a new manager of Rock Record company, if the economics consultants inform you the price elasticity is less than one it means quantity does not change with increase in price.
So price can be increased without a corresponding decrease in price. The goal of higher revenue can be achieved by increasing the product price.
Answer:
The account "Warranty Liability":
is adjusted at the end of the year
One can conclude based on these goals that changes in the social and economic environment determine the goals of labor in a given period.
<h3>What are labor unions?</h3>
These are those unions that are created to see that the conditions of employees are good in a nation.
They are responsible for speaking on behalf of employees in terms of work conditions and pay.
Read more on labor unions here:brainly.com/question/881501
Answer:
B. Selective Retention
Explanation:
This is a situation whereby an individual or people in general tend to more accurately remember messages that are closer to their interests, values, belief than those that are in contrast with those interests, belief and values. It is the tendency for people to only remember or retain part of the information they are exposed to. It is a sub conscious act, where people tend towards remembering information that is closer to their belief or interests.
Answer:
D. Sales.
Explanation:
Account receivable: Account receivable is that account in which the goods and services are given on a credit basis not on credit basis by the company to the customers. It is shown under the balance sheet in the current asset side.
Since the client may have overstated account receivable balance. So, this will entry would be recorded in the sales journal As, the credit sales are made, so, it is recorded in the sales journal only. No other journals would be used
