Answer:
DEBIT Acc. Rec. 4,123 CREDIT Sales tax payable 323 Sales Rev. 3,800 is the correct answer.
Explanation:
Answer:
The equilibrium daily wage rate is $150.
Explanation:
The equilibrium price and equilibrium quantity take place where the supply and demand curves intersect each other. The equilibrium take place when the quantity demanded is same as the quantity supplied.
Consider the data provided.
Wage per Quantity demanded Quantity supplied
day per day per day
$10 8,000 10
$25 5,000 500
$50 4,000 1,000
$100 3,500 2,000
$150 3,000 3,000
In this case, it is clear from the table that the quantity demanded is same as the quantity supplied when the wage per day is $150.
Also consider the graph attached.
The intersection point of the two graphs is at ($150, 3,000).
So, the equilibrium daily wage rate is $150.
The answer in the space provided is sales presentation. In
this stage of selling process, it is where a sales representative tries to
determine which the buyers wants and he or she would likely present products
that would make the buyers think or to have a thought of buying the product
that has been offered down to him or her.
Answer:
Ben Lingo's Net Worth Statement:
Assets:
Cash $82
Savings $150
Car $2,000
Inventory $1,200
Total Assets = $3,432
Liabilities:
Car loan $1,500
Credit Union loan $80
Total Liabilities = $1,580
Net Worth = Total Assets - Total Liabilities
= $3,432 - $1,580
= $1,852
Answer:
Yes they can be used to purchase goods or invest in a business.
Explanation:
Loans from formal channels like banks and government agencies are usually given for an specific purpose if you own a business or can be handed out for any type of personal use if you request them as an individual. This applies to developed and developing countries.
Loans from informal channels can also be used by a business, specially small businesses, and obviously personal use. Large businesses will probably not take a loan from an informal channel since the interest rates will probably be higher and the amounts will be too small. But even on developed countries, someone who has just graduated can ask his/her parents or a friend for a loan to start a small business or buy a car. Informal channels are based on personal relationships and even though they don't represent a large percentage of loans in developed countries, they also exist.