Answer:
$26,750
Explanation:
The computation of the adjusted cash balance is shown below;
= Debit balance in the cash account - bank service fees - NSF check from a customer
= $28,525 - $140 - $1,635
= $26,750
The other items would be relevant to the bank balance and therefore it should not be considered in the given case
Hence, the adjusted cash balance is $26,750
Answer:
Normal good
Explanation:
Income effect Is change in quantity demanded when the consumers purchasing power change as a result of a change in real income.
Substitution effect is when quantity demanded falls as a result of rise in price of a good which leads consumers to purchase cheaper alternatives.
A normal good is a good whose demand increases as income increases.
If the price of a normal good falls, the real purchasing power of the consumer increases and the consumer buys more of the good. Also, the consumer substituites from more expensive alternative goods to the more cheap normal good. The income and substitution effect both move in the same direction.
The correct answer is innovation
When the price for a good or service is high then supply increases.
Price is the sum that the producer receives for each unit of an item or service that is sold. A rise in price nearly always results in a rise in the amount of that good or service supplied, whereas a fall in price results in a fall in the amount supplied.
The widespread consensus is that demand slopes downward because customers buy less when prices are greater. The price at which supply and demand are equal is represented by the intersection of the two curves as the market-clearing price.
When a good's price is higher than equilibrium, this indicates that there is more supply of the good than demand for it. The product is available in excess on the market.
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A good system of internal control requires that the job order cost sheet be destroyed as soon as the job is B)False
