Answer:
A) The current supply will shift to the left
Explanation:
The supply curve shifts to the left when the total quantity supplied decreases, which results in a price increase at any given quantity.
If everyone expects that the football team will have a great season, the quantity demanded for tickets will increase, which will increase their price. But the suppliers will also hold to their tickets until a day or two before the games to increase expectations and fans' anxieties. That way the price will increase even more, and they will make a higher profit.
Answer:
A)
1. Dr Cash 400
Cr Equipment 400
Dre Wages expense 400
Cr Cash 400
2. Dr Service revenue 550
Cr Cash 550
Dr Cash 5,500
Cr Service revenue 5,500
3. Dr Accounts payable 260
Cr Equipment 260
Dr Equipment 620
Cr Accounts payable 620
B)
1. Dr Wages expense 400
Cr Equipment 400
2. Dr Cash 4,950
Cr Service revenue 4,950
3. Dr Equipment 360
Cr Accounts payable 360
Answer:
The second
Explanation:
Professional sales involves acts of convincing businesses or individual consumers to purchase your product or service. Merchandising relates to an attempt of getting products in the hands of customers and includes forecasting, planning, buying, displaying, selling and providing customer service. They are both part of Marketing, Sales and Services pathway.
Answer:
The standardized metric of output used to gauge the size and market potential of an economy is the Gross Domestic Product.
Explanation:
The Gross Domestic Product is the value of goods and services that are
produced in a country in a certain time and it is consider an important indicator to analyze the state of a country's economy. The value of the goods and services produced is considered the size of the economy.
Also, as the GDP is an indicator of how the economy is doing, businesses tend to use it to predict if the sector will grow or not.
