Answer:
According to this situation, we assume that firm F is the only producer of product X.
Explanation:
A perfect replacement is a condition in which two items are considered equal. Great replacements are goods and you can't build a brand whereby consumers like the commodity.
Except for a market price, optimal substitution suppliers must have no impact on the quality.
- Therefore, in this situation product Y's price rises, so people shift for product X.
- In results, firm F had to increase his supply which shows that firm F is the only producer of product X in the industry.
I believe the answer is b. However I'm not quite sure. I think b would be the most reasonable answer.
Answer and Explanation:
The journal entry is shown below
Cash $46,620
To Notes Receivable $44,400
To Interest receivable ($44,400 × 15% × 120 days ÷ 360 days)
(Being the cash received is recorded)
Here we debited the cash as it increased the assets and at the same time we credited the interest receivable and the note receivable as it decreased the assets
The same is to be considered
Answer:
<u>Agence law.</u>
Explanation:
Agency law can be defined as an area of commercial law that deals with the relationship between a party that has legal authority to act in place of another, called an agent. The agent can be an individual, or some partnership or corporation. The agent deals with contractual, almost contractual and non-contractual fiduciary relationships.
The powers of the agency's law are to deal with contractual, almost contractual and non-contractual fiduciary relationships involving an agent.
