D. They can cause employees to lose their jobs unfairly.
That would be considered fraud. He would be lying to the IRS about his gambling thing going on in the back. He would most likely get some fines and charged for the money he earned from that side business.
Option A
The securities are considered to be primary securities
<h3><u>
Explanation:</u></h3>
Primary securities are distributed by the investor to purchasers (brokerage firms to commodity buyers). The primary market is where securities are formed. It's in this market that firms trade new commodities and bonds to the public for the primary time.
These sales afford a chance for investors to purchase securities from the bank that did the primary underwriting for a distinct commodity. When firms declare new securities, they are acquired in the primary securities market. The essential information to know regarding the primary market is that securities are bought instantly from an issuer.
Answer:
$18,900
Explanation:
1. Insurance expense
$5,500
($ 22000 is for 12 months.
Period till 31 Dec from 1 Oct = 3 months
3 months Insurance expense = 22000 x 3/12 = 5500)
2.Interest Revenue
($600)
(6 month interest, from 1 Jul to 31 dec
= 20000 x 6% x 6/12
= 600 Interest Revenue)
3. Depreciation expense
$14,000
Total ($14,000+$5,500-$600)
=$18,900
Therefore if the adjusting entries were not recorded, would net income be higher or lower and by $18,900
Demand is said to be<u> Elastic</u> when the quantity demanded is very responsive to changes in price.
<h3>What is Elasticity of Demand?</h3>
Demand responsiveness to changes in other market variables is measured by demand elasticity. The price elasticity of demand, for instance, indicates how much demand will change in response to a change in a product's price.
Both elastic and inelastic demand exists. Demand that is elastic is more responsive to changes in the variables being measured against. Products that are inelastic are less sensitive to the changes being measured.
The slope of the demand curve and price elasticity of demand is directly correlated. The law of demand, which states that consumers will demand a greater quantity of goods at lower prices and a lesser quantity of goods at higher prices, was most likely covered in your very first economics course. The downward sloping of demand curves is explained by the law of demand.
Thus the Law of demand directs the elasticity of demand.
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