<span>If the quantity demanded for a good rises as the price falls, then the curve representing this relationship will be: </span><span> impossible to determine.
even though the relationship between the quantity demanded and the nature of the price still correct, we need at least the some sort of illustration of the actual amount of quantity and the price to be able to draw the graph</span>
Answer:
a. Journal entries to record the reinstatement of the account receivable
Account Title and Description Debit Credit
Account receivable account $600
Allowance for Doubtful Accounts account $600
(Reinstatement of the account receivable)
b. Journal entries to record the receipt of cash
Account Title and Description Debit Credit
Bank Account $600
Account receivable account $600
(Receipt of cash)
Answer: The correct answer is "b. production and distribution processes becoming obsolete.".
Explanation: The typical risks of a cost leadership strategy include production and distribution processes becoming obsolete because to maintain cost leadership, the production and distribution processes must always be in constant observation to modify if necessary in order to maintain competitiveness and not remain stuck attached to a production and distribution model that as a consequence of innovations in the competition may become obsolete.
The difference in income between Cameron and Mateo is <u>$500,000</u>.
<u>Explanation</u>:
Cameron decided to start his career directly out of the high school with no further training. He was able to make an average of $30,000 in his career.
Mateo was a best friend of Cameron. He started his career after completing his college degree. He was able to make an average $55,000 for a year.
Both of them had huge difference in their salary. After 20 years, the difference between the income of Cameron and Mateo will be $500,000.
Difference in income after 20 years= (55000-30000)*20
= (25000)*20
= 500,000
Therefore, the difference in income between Cameron and Mateo is <u>$500,000</u>.