Answer:
The correct answer is letter "D": the quantity demanded of cereal will increase.
Explanation:
According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).
In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.
Answer:
$400 .Since inventory is valued at cost or market value(current replacement cost) whichever is lower .
Therefore value of inventory : $400*8=$3200
Explanation:
Answer:
Inventory $200,000
Cash $50,000
Notes payable $150,000
Explanation:
Data provided in the question:
Cost of the inventory purchased = $200,000
Amount paid in cash = one-fourth
= one-fourth of $200,000
= $50,000
For the remaining balance signed a note i.e = $200,000 - $50,000
= $150,000
Now,
This transaction will be recorded as:
Inventory $200,000
Cash $50,000
Notes payable $150,000
Answer:
d. participates in the firm’s management.
Explanation:
A limited partnership is a form of business ownership with two or more partners. Limited partnerships are made up of general partners and limited partners.
The general partner manages the daily business operations. He makes investment decisions on behalf of the enterprise. He has unlimited liabilities to the debts and the liabilities of the business.
A limited partner is also known as silent partner. He does not take part in the management of the business. He has no voting rights. His liability is limited to the total amount of his investments
<span>the terms of the sale are 15/15, n/30 indicates that the sales will include a 15% discount if the payment is finished within 15 days.
So, The net value of the payment in the 15th day would be:
$ 19,700 - (15% x $ 19,700)
= $ 19,700 - $ 2955
= $ 16,745</span>
