Answer:
perpendicular, X-axis, Y-axis
Explanation:
Perpendicular lines are lines that intersect at 90°. lines that a perpendicular always involve a vertical and an horizontal line. the horizontal is the x-axis and horizontal is the y-axis.
Cheers.
Answer and Explanation:
The adjusting entry is as follows
Sales return & allowances ($550,000 × 2%) $11,000
Refunds payable $11,000
(Being the recording of estimated sales return is done)
For recording this we debited the sales returns & allowances as it increased the sales return and credited the refund payable as it also increased the liabilities
Answer:
the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.
Explanation:
"Budget deficits should be avoided, even if the economy is below potential, because they reduce saving and lead to lower growth." This policy directive follow the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.
<u>The reason is that in the short-run, deficits offer economic solutions by being an antidote to recessions, hence they could be a strategy of recession management in the short run</u>
<u>However in the long-run, deficits are not advisable as they could lead to debts because the major way to manage such deficits is by external borrowings. </u>
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Answer:
Reduce the price of its product.
Explanation:
Reduction of price is not a sustainable way of managing customer satisfaction. Even if the customer is initially happy the business cannot consistently offer low prices as incentive because this will affect quality of the product. Once product quality goes down it will result in customer dissatisfaction.
Focus should instead be placed in giving the customer value. When customer's reciev value from your business consistently they will keep coming back.
Answer:
$35,000
Explanation:
Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).
Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000
