Answer: C. The decline in the P/E ratio more than offset earnings growth and this pushed the market cap down. 
Explanation:
Market Cap = P/E ratio * Earnings
Market cap is dependent on both the P/E ratio and Earnings as shown by the formula and as shown on the graph, the P/E ratio kept on decreasing which means that for the Market Cap to decrease, the downward pull of the P/E ratio must have overshadowed the growth in earnings such that the Market Cap went down instead of up. 
For instance, if the earnings were $40 billion and the P/E ratio was 15, Market Cap would be $600 billion. 
If earnings increased to $45 billion but P/E ratio decreased to 10, Market Cap would become $450 billion. 
 
        
             
        
        
        
Employers are required to take a deduction for social security taxes.
 
        
                    
             
        
        
        
Answer:
The entries are made as follows;
Explanation:
Service Revenue             Dr.$4,350
Income Summary            Cr.$4,350
(To close revenue account)
Income Summary
Supplies expense         Dr.$910
Insurance Expense       Dr.$540
Salaries and Wages Expense Dr.$1,770
Income Summary                                         Cr.$3,220
(To close expenses)
Income Summary (4,350-3,220)   Dr.$1,130
Retained Earnings                         Cr.$1,130
 
        
             
        
        
        
Answer:
Banks act as financial intermediaries because they stand between savers and borrowers. Savers place deposits with banks, and then receive interest payments and withdraw money. Borrowers receive loans from banks and repay the loans with interest.
Explanation:
;)
 
        
             
        
        
        
Answer:
The correct answer is b. rise and exports of other industries would decrease.
Explanation:
The import quota is a tool that countries have when limiting the physical quantity of a product that can be imported into their territories during a specific period.