Answer:
$3,000 and 7,000
Explanation:
Please find attached the table used in answering this question
Equilibrium price is the price at which quantity demand equal quantity supplied.
Equilibrium quantity is the quantity that equates quantity demand with quantity supplied.
Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached
The answer would be B because demand would increase, therefore if there are more consumers there will be less product as people keep buying (therefore p decreases)
Answer:
c. This contract is void.
Explanation:
Since in the question it is mentioned that one day Anna received a phone call from the health insurance salesman and she purchase a $400 medigap insurance policy so the contract should be void in the eyes of law as it is not valid in terms of law plus nothing is specified for whom she purchased the policy for $400
Therefore the correct option is c.
Answer:
D. public relations
Explanation:
Public relations refers to the different approaches a company uses to disseminate information about its products and services to its customers and other stakeholders. Public relations involves crafting unique and catchy communication and using the media to and other mediums to create and sustain a strong brand image to the target audience.
An organization does not pay for public relations messages. It engages or participates in publicized events. The media and medium attending the events pick and publish positive messages about the organization.
Public relations is all bout creating a good reputation in society. Organizations engage in charitable works or sponsors events as public relations events.
Answer:
This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability
Explanation:
This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability.
Note: Debit side increases asset(cash) and expenses while credit side decreases liability,income and equity.
Credit side decreases asset(cash) and expenses while debit side increases liability,income and equity.
