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3 years ago

A decrease in the price of a good will lead to:_______

Business

1 answer:

butalik [34]3 years ago

6 0

Answer:

C. a movement down along the supply curve for that good.

Explanation:

A decrease in price would lead to a decrease in the quantity supplied and a movement down along the supply curve.

This is in accordance to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

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Team members can collaborate on ideas using telepresence. a. True b. False

Kisachek [45]

That statment is true
Telepresence is a tool that allow each team members to communicate with one another even though they're located far apart.
Actually, if this tool is used correctly, it enhance team's capability to pay attention to a certain individual when he/he is talking about their ideas for the group

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3 years ago

Pontchartrain Company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and De

solmaris [256]

Answer:

$1,568,498

Explanation:

First calculate the Amont of discount

Discount on the bond = Face value - Proceeds from the bond = $20,000,000 - $19,604,145 = $395,855

Now prepare the bond amortization

The Bond Amortization schedule is attached with this answer, please find it.

Now calculate the interest expense for 2017

Interest Expense 2017 = $784,165.80 + $784,332.43

Interest Expense 2017 = $1,568,498.23

Interest Expense 2017 = $1,568,498

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3 years ago

The Accounts Receivable balance for Lake, Inc. at December 31, 2017, was $ 20 comma 000. During 2018, Lake earned revenue of

elena-s [515]

Answer:

The required journals are:

Debit Bad debt expense $10,070

Credit Allowance for doubtful accounts $10,070

(To record bad debt for the year)

Explanation:

To understand the effects of the transactions, we need to journalize as follows:

Debit Accounts receivable $454,000

Credit Sales revenue $454,000

(To record sales transaction on account)

Debit Cash $325,000

Credit Accounts receivable $325,000

(To record collections on account)

Debit Allowance for doubtful accounts $5,600

Credit Accounts receivable $5,600

(To record write-off of accounts receivable)

With the above journals, the balance in accounts receivable will be: $20,000 + $454,000 - $325,000 - $5,600 = $143,400. The 5% of $143,400 will be $7,170.

The effect of the write-off was to throw the unadjusted allowance for doubtful account into debit as $2,700 - $5,600 = $2,900. The required bad debt expense will $10,070 ($7,170 + $2,900).

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3 years ago

Energy Unlimited, LP, is a limited partnership to which its partners, including Fink, have contributed capital. Energy's credito

fenix001 [56]

Answer: c. Grave first

Explanation:

In dissolving a limited partnership business all creditors are paid first.

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3 years ago

For workers, "going on strike" means

scZoUnD [109]

Hello.

For workers, "going on strike" means refusing to work until certain demands are met. An example being a bunch of protesters wanting a payraise.

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3 years ago

A decrease in the price of a good will lead​ to:_______

A decrease in the price of a good will lead to:_______