Answer:
$10,070
Explanation:
The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.
Reviewing the transactions,
- bank service charges of $50 - This will be deducted from the book balance
- Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June - Both will be added to the book balance
Hence the true cash balance
= $9,120 - $50 + $940 + $60
= $10,070
In bullwhip effect , demand variability increases as one move up the supply chain away form the retail customer. The variability will increase as it move to the higher up.
An example of an organization that would be affected by this is : A coffee bean farm.
Answer:
A. Date Account Title and Explanation Debit Credit
June 30 Sales discounts $72
($2,400 * 3%)
Allowance for sales discounts $72
(To record the expected sales discounts)
B. Date Account Title and Explanation Debit Credit
June 30 Sales Discounts $62
($72 - $10)
Allowance for sales discounts $62
(To record the expected sales discounts)
Answer:
0.5
They are substitute goods.
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Percentage change in quantity demanded of burgers = (360 - 300) / 300 = 0.2 = 20%
Percentage change in price of hot dog = (2.10 - 1.50) / 1.5 = 0.4 = 40%
Cross price elasticity of demand = percentage change in quantity demanded/ percentage change in price
20 / 40 = 0.5
Elasticity of demand is less than 1, so demand is inelastic.
Also, the cross price elasticitiy is positive, so the goods are substitutes goods.
I hope my answer helps you
Answer:
Because Demand is more Inelastic.
Explanation:
Market Equilibrium is determined where Market Demand = Market Supply & upward sloping supply curve, downward sloping demand curve intersect .
If Demand is more inelastic (less respondent to price) , the demand curve is steeper. This implies massive increase i.e rightwards shift in demand curve - would establish new equilibrium with equilibrium quantity increased slightly.
