Answer:
perfectly inelastic
Explanation:
A supply of the product is considered to be perfectly inelastic in situations whereby the changes in the price of a commodity do not affect the quantity supplied, then such a supply curve is termed as perfectly inelastic. It is often depicted as a vertical line at the quantity supplied against all the prices in a graphical representation form.
Hence, If the quantity supplied is the same regardless of price then the supply curve would be: PERFECTLY INELASTIC
Answer:
Instructions are listed below
Explanation:
Giving the following information:
You have just made a $1,500 contribution to your retirement account. Assume you earn a rate of return of 8.7 percent and make no additional contributions.
To find the final value we need to use the following formula:
FV= PV*(1+i)^n
A) n= 25
FV= 1500* (1.087^25)= 12073.41
B) n= 20
FV= 1500*(1.087^20)= $7955.77
Answer:
![\left[\begin{array}{ccc}$Account&$DEBIT&$CREDIT\\$Cash&37,600&-\\$Prepaid insurance&4,600&\\$Office supplies&890&-\\$office equipment&12,900&\\$accouts payable&-&12,900\\$Capital Account&&18,000\\$drawins&3,370&\\$Sales revenue&&36,000\\$Rent expense&7,540&\\$Total&66,900&66,900\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D%24Account%26%24DEBIT%26%24CREDIT%5C%5C%24Cash%2637%2C600%26-%5C%5C%24Prepaid%20insurance%264%2C600%26%5C%5C%24Office%20supplies%26890%26-%5C%5C%24office%20equipment%2612%2C900%26%5C%5C%24accouts%20payable%26-%2612%2C900%5C%5C%24Capital%20Account%26%2618%2C000%5C%5C%24drawins%263%2C370%26%5C%5C%24Sales%20revenue%26%2636%2C000%5C%5C%24Rent%20expense%267%2C540%26%5C%5C%24Total%2666%2C900%2666%2C900%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We must do ledger for each accounts, most of them only got one transaction so we just post them directly.
For cash we must do it as there are several transaction:
CASH
<u>DEBIT CREDIT</u>
18,000
(7,540)
(4,600)
(890)
36,000
<u> (3,370)</u>
37,600
Assets and expenses goes into debit column
Liabilities, equity and revenues into credit column
The answer to your question is D it depends on the state
When the first question is asked. Up until then you could decide to walk away.
