Another term for a pre- inspection agreement is

The market for. pizza is characterized by a downward-sloping demand curve and an upward-sloping supply curve. a. Draw the compet

Klio2033 [76]

The market for the pizza has a downward sloping demand curve which means that with the increase in the price of the pizza, the demand of the pizza will decrease but it's supply will increase.

<u>Explanation:</u>

Downward slanting demand curve implies a judicious purchaser will request to a greater degree a product when its price falls. A portion of the explanations behind. the marvel would be: Income Effect : When cost of an item falls, shopper's genuine salary rises that is he would now be able to buy a greater amount of the ware with a similar pay.

A decent with a cost far beneath what the market is eager to pay will show up toward the lower right – extremely low cost, exceptionally popularity. The costs in the middle of would then "fill in" the bend, inclining descending from the upper left to bring down right.

7 0

2 years ago

Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2017. The sales price includes an insta

Shkiper50 [21]

Answer:

The revenue from sales to be recognized by Shaw is $390,000

Explanation:

A) Journal entry to record the sale on January 2, 2017

Date Particulars Debit Credit

January 2, 2014 Accounts Receivable $410,000

Sales Revenue $370,000

Unearned Service Rev $40,000

Being the recording of sales and unearned service revenue

Cost of Goods Sold $300,000

Inventory of Merchandise $300,000

B) Shaw should recognise the following Revenue from Sales to Ricard

Sales Revenue $370,000

Service Revenue (3/6 x $40,000) <u>$20,000</u>

Due to the fact that accounts end March 31st, $390,000

2017, only 3 months will be accounted for under

service revenue for the year

Therefor the revenue from sales to be recognized by Shaw is $390,000

5 0

2 years ago

On January 1, 2018, Gibson Corporation entered into a four-year operating lease. The payments were as follows: $20,000 for 2018,

antiseptic1488 [7]

Based on accounting principles, the correct amount for total lease expense in 2019 is<u> $17,000.</u>

<h3>Why is this the correct amount?</h3>

Accounting principles state that lease payments must be recorded as an equal amount over the years of the lease.

The total lease payment is:

= 20,000 + 18,000 + 16,000 + 14,000

= $68,000

Annual payment is:

= 68,000 / 4

= $17,000

Find out more on lease payments at brainly.com/question/5563107.

3 0

1 year ago

Assume the $19,500 Treasury bill, 4% for 15 weeks. Calculate the effective rate of interest.

Svet_ta [14]

The effective interest rate is calculated through the equation,
ieff = (1 + i/r)^r - 1
where ieff is the effective interest, i is the nominal interest, and r is the number of 15 weeks in a year. Every year, there are 52 weeks. Thus, there are 3.467 15-weeks approximately. Substituting this into the equation,
ieff = (1 + 0.04/3.467)^3.467 - 1
ieff = 0.04057
ieff = 4.057%

6 0

2 years ago

The pay rates in the organization may not match the pay structure in the market when a company sets its pay rates based strictly

Grace [21]

There are discrepancies between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

A pay rate can be defined as a measure of the amount of money that is being paid by a company to its employees (workers) per period of work or unit of production, which is usually on a hourly, weekly, or monthly basis.

In business management, discrepancies would generally exist between the pay rates of a company and the pay structure in the market when a company sets its pay rates strictly based on a <u>pay policy</u><u> line</u>.

Read more on pay rate here: brainly.com/question/4443190

6 0

1 year ago