Answer:
Promissory agreement.
Explanation:
A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.
Thus, when goods are sold to a customer by a business entity and the customer promises to pay an amount of money at a certain future time period it is known as a promissory agreement.
A promissory note can be defined as a signed document that contains a written promise by a customer to pay a specific amount of money to an individual or business firm, on demand or at a certain future time period, for the goods or services purchased.
Answer:
It will increase
Explanation:
This is due to the "law of supply". It says that whenever the prices increase, the supply will increase, because if the prices are higher, they can win more money as they sell their goods (cars in this case) and this encourages the supply to produce more and place more quantity into the market.
In other words, just follow one of the basic laws in economics, the law of supply, which says "whenever the prices rise, the quantity supplied will also rise, ceteris paribus". By the way, ceteris paribus is latin for "all other things equal" and it means that all other factors remain unchanged (the same).
Answer:
yes it was correct but i was in shields and i’m going on the right now so it is a
Explanation:
Answer:
The balance of the cash account after these transactions were posted for $40,300
Explanation:
The computation of the balance of the cash account is shown below:
= Cash invested - paid cash for the receptionist's salary + cash collection for giving custom frame service
= $40,000 - $1,200 + $1,500
= $40,300
The other items which are mentioned in the question reflected credit sales so we do not consider these items.
