Disagree. Liabilities can be met in ways other than money.
In accounting, a liability is a debt that is owed and must be payed with money, but there are also legal liabilities and other obligations that are not monetary.
Answer:
the manufacturing overhead for the month should be overapplied by $16,000
Explanation:
Given that
The debit to the manufacturing overhead is $53,000
And, the credit balance is $69,000
So, it should be overapplied by the
= $53,000 - $69,000
= $16,000
Therefore the manufacturing overhead for the month should be overapplied by $16,000
This is the answer but the same is not provided in the given options
Answer:
-1.33
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are -substitute goods.
Substitute goods are goods that can be used in place of another good.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
Cross Price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B
percentage change in quantity demanded of good = (1700/ 1350) - 1 = 0.259
percentage change in price = (1.65 / 2.05) - 1 = -0.195
0.259 / -0.195 = -1.33
Last time i checked that was true good luck
To calculate the decrease in the GPD, we will have to multiply the decline in the government's spending by the multiplier.
Since the MPC is 2/3, therefore, the multiplier in this case is 3.
Therefore:
<span>if government spending decreases by $6 billion, equilibrium gdp will decrease by 3*$6 billion = $18 billion</span>
