The normal side of account payable is on the credit side which means the supplies, services, or purchases a company bought is on credit terms. This is used as opposed to cash when you can't pay for the purchase yet. So, a debit to accounts payable means there is a payment made to a supplier or vendor.
There are 3 systems as far as considering the percentage, they are progressive, regressive and proportional, progressive is good as the rate of tax increases proportionally as the income increases...taxes can be used for long term development projects which will eventually be fruitful for the economy.
<span>An </span>incentive<span> is something that motivates an individual to
perform an action. The study of incentive structures is central to the study of
all economic activities (both in terms of individual decision-making and in
terms of </span>co-operation<span> <span>and </span></span>competition<span> <span>within a
larger institutional structure). </span>Ultimately,
incentives aim to provide value for money and contribute to organizational
success</span>. Government’s incentive is very effective among big companies
because they will be force to do better and a reward is also waiting for them.
Answer:
8%
Explanation:
The formula and the computation of the price elasticity of supply is shown below:
Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)
where,
Price elasticity of supply = 0.4
And, the percentage change in price = 20%
So, the percentage change in quantity supplied is
= Price elasticity of supply × the percentage change in price
= 0.4 × 20%
= 8%
It shows a direct relationship between the quantity supplied and the price.
