Calculate, from the following information accumulated by Bob Verna, the adjusted cash balance at the end of July.
Bank statement ending cash balance $6,000
General ledger cash balance ending 8,500
Bank monthly service charge 90
Deposits in transit 5,000
Outstanding cheques 3,000
NSF cheque returned with bank statement 410
Answer:
B) indirectly contribute to the country's productive capacity.
Explanation:
Financial assets are non-physical assets whose value is determined by contractual rights, e.g. cash, stocks, bonds, bank CDs, etc.
Financial assets indirectly contribute to the country's productive capacity since they allow individuals and businesses to invest in other private firms and government securities. This increases the amount that private firms and government can invest or spend.
Answer:
A) An increase in sales revenue received by the firm.
Explanation:
If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.
Answer:
True
Explanation:
Capitalism works because it encourages competition
Answer:
1. Demand would REMAIN THE SAME.
Demand would not change as we are told that demand is relatively inelastic.
2. Supply of oranges will DECREASE.
The hurricane destroyed half of the orange crop. This means that there will be less oranges to sell in the market so the supply will reduce.
3. Market Price of Oranges will RISE
With the supply decreasing and the demand remaining the same, the supply curve will shift left and the new equilibrium will be a higher market price to account for the scarcity.
4. Market Quantity will DECREASE
As the supply to the market decrease, the Quantity available in the market will decrease as well.
5. Total Revenue will RISE.
When market prices rise for a commodity with inelastic demand, total revenue will invariably rise.
