Answer:
28 January
Dr Allowance for doubtfull debts 4,800
Cr Account Receivables 4,800
(to record write-off of Account Receivables)
30 January
Dr Cash 11,000
Dr Account Receivables 132,000
Cr Sales 143,000
(to record sales revenues)
Dr Cost of Good Sold 79,500
Cr Inventories 79,500
(to record the cost of good sold of $143,000 sales revenue)
31 January
Dr Salary Expenses 52,000
Cr Cash 52,000
(to record the cash payment of salary expenses)
Explanation:
Explanations are given in each entry.
Answer:
quantity always falls
Explanation:
In the case when the supply and the demand shifted to the left so the equilibrium would price would not be determined also the equilibrium quantity would decline or fall
So according to the given situation, the third option is correct as it shows the quantity fall situation i.e. considered and relevant too
Answer:
there are a large number of people working in the underground economy.
Explanation:
The unemployment rate is the rate of people in the labour force that is without a job but they are actively looking for employment
Types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
If a large number of people are working underground, they would not be counted as part of the labour force and so the labour force would be smaller. This understates unemployment rate
Answer:
to provide honest and realistic recommendations and conclusions in the execution of one's duties
to comply with enforced laws,
Explanation:
Answer:
The price of building materials suddenly going up.- B.
