Answer:
C. 3/12, n/45
Explanation:
These payment terms would be expressed as : 3/12, n/45.
This is because :
- 3/12 means 3 % discount is granted if payment is made within 12 days.
- n/45 means supplier allows customer to pay within 45 days in total.
Answer:
a. The student is incorrect because the aggregate demand curve does not shift because of the price level change
Explanation:
the student was wrong to show the price level P3 as being lower than the initial price level p1 there was a shift i aggregate demand curve from AD1 to AD2. This is because a change in aggregate demand is not as a result of a change in price level. The aggregate demand curve will shift from AD1 to AD2 if these components of aggregate demand, consumption spending, investment spending, government spending, and spending on exports minus imports increase. The curve will shift back to the left as these components fall.
Answer:
B. Retained Earnings
D. Accumulated Depreciation
F. Wages Payable
H. Interest Payable
Explanation:
Retained earnings will be reported in the Equity section of the balance sheet.
Accumulated depreciation will be reported in the Fixed assets section of the balance sheet and will be used to calculate Net Book Value.
Wages and Interest payable are both current liabilities to reflect that the company owes wages and interest payments.
