Answer:
Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.
Explanation:
The recent rains resulted in an increase in demand for kayaks so the equillibrum quantity demanded will rise. Supply will also rise to meet the increased demand.
However we are unable to determine if the price will rise or fall with the given information.
Plastic is cheaper now so kayaks will also be cheaper. On the other hand increase in demand naturally causes an increase in price. So the cheaper price of kayaks will need to be compared with price increases as a result of increased demand to determine if equillibrum price will rise or fall.
Based on the scenario above, a way that could redesign the
support the goals for employee empowerment is through the employees’
responsibilities in which it should be more focused on higher level goals and
that the higher level goals should be more broadly defined.
Answer:
The correct option is its aim is to review internal processes independently of the external industry environment
Explanation:
The first option is wrong because it only made mention of the internal strengths and weaknesses,there is no mention of external opportunities and threats
The second option is obviously wrong as SWOT has no direct link with classifying assets as tangible or intangible.
It is not conducted by regulatory agencies as it is not a regulatory requirement
Lastly ,internal processes refer to strengths and weakness while opportunities and threats emanate from the external industry environment
Answer:
Dr. Cr.
Sales, $56,000
Income Summary $56,000
<u> </u>
Dr. Cr.
Income Summary $52,500
Sales Returns and Allowances $3,000
Sales Discounts, $1,500
Depreciation Expense, $25,000
Salaries Expense, $23,000
<u> </u>
Explanation:
Cash, Equipment, Accumulated Depreciation, Accounts Payable, Owner Capital and Owner Withdrawals are all permanent accounts. These accounts will not close and do not need any closing entry.
