Answer:
The answer would be D) The market clearing price is where quantity demanded is equal to quantity supplied.
Explanation:
Answer:
86.4%
Explanation:
the original marked price is m
then with a sales discount of 20%
the (pre-sales tax) sale price is 100%−20%=80% of
The post-sales tax price is the pre-sales tax price plus 8%,
that is the post-sales tax price is 108%=1.08 of the pre-sales tax price.
Therefore the final cost (i.e. the post-tax price) is
Answer:
When revenue has been received but the service has not been rendered, the revenue will not be recognized and will instead be treated as a liability called unearned revenue.
Date Account Title Debit Credit
Oct. 31 Cash $7,720,000
Unearned Ticket revenue $7,720,000
Date Account Title Debit Credit
Nov. 5 Unearned Ticket Revenue $1,930,000
Ticket Revenue $1,930,000
<u>Working </u>
Ticket revenue = 1/4 * 7,720,000
= $1,930,000
Explanation:
Friedman defends the position that companies have a social responsibility to act to maximize profit, in the sense that, the primary function of companies is to generate profit. The author goes against the growing opinions in society that companies must have social responsibility, that is, they need to create a positive and sensitive corporate image to please political and society interests and counter or even soften the words and actions its central purpose, which is profit generation. For him, social responsibility cannot be politicized in order to be an obligation of companies, as it limits freedom and interests arising from the business.
