Answer:
What would the impact of these transactions be during May on
- (1) the balance of cash NO EFFECT, the account balance was not paid in May
- (2) cash-basis net income: NO EFFECT, the account balance was not paid in May
- (3) accrual-basis net income: DECREASE, even though the debt was not paid, the expense had already been recognized, therefore, the accrual-basis net income decreases
Answer:
a. <u>user</u>; <u>original equipment manufacturer(OEM)</u>
Explanation:
Business markets refer to purchase and sale of products by businesses with one another. For example, output for one business might be used as an input for another.
A business would be termed as a user when it purchases goods from another business, wherein such goods are not directly used in the manufacturing or creation of it's products.
Original Equipment manufacturer refers to a business which buys certain products and subsequently incorporates them in an altogether newer product within it's brand name.
Answer: The correct option is B. an increase in quantity supplied of laptops.
Explanation: Supply is the amount of goods and services that a given firm is willing and able to sell to the market, at a given price and at a given point in time.
Factors that affect supply include:
- Price
- Cost of Production
- Technology
- Transport Conditions
- Government's Policies
- Prices of Related Goods, and so on.
In the scenario given in the question above, if an improved technology is being used to manufacture laptops, this will cause production costs to decrease, and cause output level to increase, thereby leading to a lower price of the laptops.
At this price, consumers will demand more of the laptops, and an increase in demand will definitely lead to an increase in the quantity of laptops that will be supplied to the market.
An account number is the primary identifier for ownership of an account. The account number 13 tells you that the account is the 13th account in the ledger. You can find your account number on your checks (see below) or in the top right corner of your statement, directly below the date range. Correct answer: A