Anything that contains, and or supplies electricity. (e.g. Fuse box/Breaker Box, Industrial Battery Terminals, Power Outputs(Outlets,Switches,Lights etc.)<span />
Answer:
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Explanation:
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Answer:
Statement is given below.
Explanation:
Prepare the necessary journal entries as shown below:
Date Accounts Title and Explanation Ref. Debit Credit
a Accounts Receivable $ 8:780
Sales Revenue $ 8380
(To record the sales made on account)
Sales Returns and Allowances $ 215
Provision for Sales Return and Allowances $ 215
vTo record the estimated allowance on sales
b Sales Returns and Allowances ($722-$215) $ 507
Provision for Sales Return and Allowances $ 215
Accounts Receivable $ 722
(To record the allowance granted towards sales
returns)
c No entry
(Since the cash is not received and hence no
adjustment needed)
Answer:
The answer is C
Explanation:
To maximize profits in a perfectly competitive market, firms or businesses' marginal revenue must equal to marginal cost (MR=MC).
Also price must equate marginal cost(which is the additional cost incurred in the production of one more unit of a good)
In perfect competition, P = MC = MR.
But in monopolistic Competition or monopoly P > MC
Answer:
D
Explanation:
if the government sells off its cheese, there would be a rightward shift of the supply curve. As a result, equilibrium price would fall and equilibrium quantity supplied would increase.
Due to the government's action, there would be an excess supply of cheese over the demand for cheese. More cheese would be available for sale and less cheese would be purchased. This would lead to an increase in spoilage rates before sales
