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olya-2409 [2.1K]
3 years ago
15

If caviar prices doubled, while sales of caviar rose 20%, this example would definitely refute the law of demand. A. TrueB.False

Business
1 answer:
CaHeK987 [17]3 years ago
3 0

Answer: False

Explanation:

The law of demand says that if the price of a commodity increases then its quantity demanded decreases and vice versa. In this question, the price is increase and the sales are also increasing, if all the other factors are constant then this is definitely refuting the law of demand but as the information about other factors is not given, we can not say that this example is definitely refuting the law of demand.

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An accountant has encountered a perplexing financial reporting issue related to the private college for which he is preparing fi
frez [133]

Answer:

c) AICPA accounting and auditing guide, Audits of Colleges and Universities and/or AICPA SOP 74-8, Financial Accounting and Financial Reporting by Colleges and Universities.

Explanation:

As accounting and auditing guide which is issued by AICPA for health care 3 gives full guidance on how to deal with financial reporting issues for the hospital so the accountant would look into it for any problem related to it.

8 0
2 years ago
After a business transaction has been analyzed and entered in a journal, the next step in the recording process is to transfer t
Jlenok [28]
After recording the transaction in journal you must record it on General Ledger.
3 0
3 years ago
Based on the​ cost, the process that is best suited for the current contracted volume is
Vsevolod [243]

Answer:

Force Measurement System

Explanation:

(FMS) Hope this helps!

5 0
2 years ago
An all-equity firm has a return on assets of 15.3 percent. The firm is considering converting to a debt-equity ratio of 0.30. Th
Elina [12.6K]

Answer:

re 17.4600%

Explanation:

We will calculate using the Modigliani Miller proposition with no taxes to solve for the cost of equity of a levered firm

r_e = r_u + (r_r - r_b) \frac{B}{S}\\where:\\r_e= $cost of equity\\r_b= $cost of debt\\r_u= $return on assets\\B/S = Debt to Equity

We plus our values into the formula and solve

r_e = 0.153+ (0.153 - 0.081)0.3

re 17.4600%

8 0
3 years ago
Prepare journal entries to record each of the following sales transactions of EcoMart Merchandising.EcoMart uses a perpetual inv
user100 [1]

Answer:

EcoMart Merchandising

Journal Entries

Oct. 1 Debit Accounts Receivable $1,500

Credit Sales Revenue $1,500

To record the sale of goods on account with credit terms n∕30, invoice dated October 1.

Debit Cost of goods sold $900

Credit Inventory $900

To record the cost of goods sold.

Oct. 6 Debit Sales Returns $150

Credit Accounts Receivable $150

To record the return of some goods sold on account.

Debit Inventory $90

Credit Cost of goods sold $90

To record the cost of goods returned.

Oct. 9 Debit Accounts Receivable $700

Credit Sales Revenue $700

To record the sale of recycled goods with credit terms of 1∕10, n∕30, invoice dated October 9

Debit Cost of goods sold $450

Credit Inventory $450

To record the cost of the goods sold.

Oct. 11 Debit Cash $1,350

Credit Accounts Receivable $1,350

To record the receipt of cash on account.

Explanation:

a) Data and Analysis:

Oct. 1 Accounts Receivable $1,500 Sales Revenue $1,500  with credit terms n∕30, invoice dated October 1.

Cost of goods sold $900 Inventory $900

Oct. 6 Sales Returns $150 Accounts Receivable $150

Inventory $90 Cost of goods sold $90

Oct. 9 Accounts Receivable $700 Sales Revenue $700 with credit terms of 1∕10, n∕30, invoice dated October 9

Cost of goods sold $450 Inventory $450

Oct. 11 Cash $1,350 Accounts Receivable $1,350

4 0
3 years ago
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