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Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.
<h3>Percentage change in the quantity demanded</h3>
Using this formula
Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100
Let plug in the formula
Percentage change in quantity demanded=(12 - 8) / 8
Percentage change in quantity demanded =4/8×100
Percentage change in quantity demanded=50%
Inconclusion the percentage change in the quantity demanded is: 50%.
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<span>As a non-management colleague, an individual does not have any immediate right to take decisions regarding the management of the company.
Therefore, if the carpet cleaners are at the door even though they had come in last week, it is better to inform the manager at the company and let the management group handle the situation.
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Answer:
Lets see what are the double entries of borrowings and purchase of new manufacturing equipment and their implications:
Double Entry for borrowings:
Dr Bank $500,000
Cr Notes Payable $500,000
The above double entry shows that the total assets and Notes Payable are increased due to this transaction. Furthermore, in the Statement of Cash flow we see an increase in Cash from Financing activities and decrease in the Cash from investing activities.
The second transaction is purchase of new manufacturing equipment. It must be accounted for as under:
Dr Manufacturing Equipment $500,000
Cr Bank $500,000
This transaction shows that net impact on the total assets is same as one asset has been increased by spending the other asset. This transaction also has no impact on Cash for financing, inventories and notes payable balances. However, their is increased negative balance in cash from investing activities.