Answer:
Probably not, because Alyssa made a mistake about the dog's value, not a mistake about material fact.
Explanation:
When Sierra offered to sell the dog to Allysa, Allysa failed to discuss the ancestry of the puppy. She wrongly believed the dog came from a line of champions.
On finding out the dog is only worth $200, she will not be able to rescind the contract because the onus to ask all relevant questions about the purchase before accepting is on her.
She made the mistake of assuming the dog was worth $800. She made a mistake about the dog's value and not the material fact.
A department store is a large retail store which sells many different items, brands, etc. in separate departments (or, categories). I hope this helps! Can I have Brainliest, please? :)
Answer:
The adjustment at month-end is :
Supplies Expense $400 (debit)
Supplies $400 (credit)
Explanation:
The Supplies Account is an asset Account that decreases as the supplies are used in the business.
The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :
<em>Supplies Expense $400 (debit)</em>
<em>Supplies $400 (credit)</em>
Answer:
Quantity of beef demanded will decrease by 12%
Explanation:
Data provided in the question:
Price elasticity of demand for beef, Ed = 0.60
Increase in the price of beef = 20%
Now,
Price elasticity of demand for beef,
Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price ]
or
0.60 = [ Percentage change in Quantity ] ÷ 20%
or
Percentage change in Quantity = 0.60 × 20%
or
Percentage change in Quantity = 12%
Also,
Price and Quantity are inversely proportional
Hence,
With the increase in price, the quantity will decrease
Therefore,
Quantity of beef demanded will decrease by 12%
