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zalisa [80]
3 years ago
12

At equilibrium in a market for a product, the total revenues received by sellers equal the

Business
1 answer:
FrozenT [24]3 years ago
6 0

Equilibrium is a situation where the seller’s Revenue and buyers cost are equal or intersect each other. In other words, the point of Equilibrium can be understood a level at which the total revenues received by sellers equal the total amount spent by buyers on the product.



At equilibrium in a market for a product, the total revenues received by sellers equal the: <u>Total amount spent by buyers on the product</u>




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The variable over which service providers have little control is the emotional state of their customers.
lions [1.4K]
<span>This is true because there is no way for service providers to be able to control the emotional state of their customers. Even if a service provider is very friendly and helps the customer adequately, there is no way to ensure that the customer will be satisfied with the service/in a stable emotional state.</span>
3 0
3 years ago
A period of macroeconomic expansion followed by a period of macroeconomic contraction is called A. the business cycle. B. an eco
DanielleElmas [232]

Answer:

A. The business cycle

Explanation:

A period of macroeconomic expansion followed by a period of macroeconomic contraction is known as a business cycle. Like the name suggests, a business cycle is a cycle of highs and lows in economic activities.

There are periods of expansion which is often characterized by economic growth, leading to creation of more jobs, robust middle class etc and contraction which is characterized by loss of jobs, shrinking middle class etc in a business cycle.

Other periods of a business cycle may include peak, trough etc.

7 0
3 years ago
Speechmaking is a form of power and therefore carries with it heavy ________ responsibilities.
mixer [17]
<span>Speechmaking denotes the act of making a speech or speeches. It is a formal speaking, </span><span>
Speechmaking is a form of power and therefore carries with it heavy ethical responsibilities.</span>. Some of the guidelines for ethical speechmaking are: the gals of the speech should sound ethically Sound, the speaker should be f<span>ully prepared for each speech and be honest in what he/she says. 
Very important abusive language must be avoided.

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8 0
3 years ago
The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates
DanielleElmas [232]

Answer:

Stridewell Corporation

Journal Entries:

Debit Cash Account $625,000

Credit Common Stock $625,000

To record the issue of 125,000 shares for cash.

Debit Office Equipment $102,500

Credit Cash Account $41,000

Credit Note Payable $61,500

To record the purchase of office equipment.

Debit Inventory $250,000

Credit Accounts Payable $250,000

To record the purchase of inventory.

Debit Accounts Receivable $425,000

Credit Sales Revenue $425,000

To record the sale of goods on account.

Debit Cost of Goods Sold $212,500

Credit Inventory $212,500

To record the cost of goods sold.

Debit Rent Expense $5,500

Credit Cash Account $5,500

To record the payment of rent for the month.

Debit Prepaid Insurance $2,880

Credit Cash Account $2,880

To record the payment for insurance for a year.

Debit Accounts Payable $180,625

Credit Cash Account $180,625

To record the payment to suppliers on account.

Debit Cash Account $85,000

Credit Accounts Receivable $85,000

To record the receipt of cash from customers.

Debit Dividend $6,250

Credit Cash Account $6,250

To record the payment of cash dividend.

Debit Depreciation Expense - Office Equipment $2,050

Credit Accumulated Depreciation - Office Equipment $2,050

To record depreciation expense for the month.

Debit Insurance Expense $240

Credit Prepaid Insurance $240

To record insurance expense for the month.

Explanation:

Stridewell's insurance expense that expired for the month is obtained by dividing the Prepaid Insurance by 12 since it is for one year.  Thus, Stridewell obtains $240 ($2,880/12) as the expense for the month.  The balance remaining in the Prepaid Insurance is a current asset which is carried into the next month.

Journal entries help us to identify the accounts involved in each Stridewell's transaction and the account it should debit and the one it should credit. They are the initial record made by Stridewell in its accounting books for each business transaction.

7 0
3 years ago
What are the things found in a bank​
alexandr402 [8]

Sentences......

Writing.....

Poems.....

Drawing......

Cursive......

Words......

Or just a blank.....

4 0
3 years ago
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