Answer:
C) This will shift the aggregate demand curve to the left.
Explanation:
The demand curve is graphed on one axis being price level and the other axis being the total amount of goods and services purchased.
If consumer is pessimistic about their future incomes, they will want to save more and spend less, so they will demand less less goods and services at any price level than they used to before the recession (at that corresponding price level) ==> demand curve shift left.
Answer:
Explanation:
$100,000 debit to the Equipment asset account because you are recording the actual original cost of the equipment (as is required by the Cost Principle of Depreciation). You should also credit the Accumulated Depreciation: Equipment account for $75,000 to show that the equipment has already depreciated for this amount.
Answer:
a. If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a week?
b. If the price of a pie is $12, what is the maximum number of pies she could buy in a week?
c. What is Marie's opportunity cost of purchasing a pie?
Explanation:
Marie's weekly budget = $24
each magazine costs $4, total amount of magazines that can be purchased per week = $24 / $4 = 6 magazines
each pie costs $12, total amount of pies that can be purchased per week = $24 / $12 = 2 pies
Marie's opportunity cost of purchasing one pie = $12 / $4 = 3 magazines
Answer:
Sales
Explanation:
If the accounting records for Sports-R-Us, a superstore targeted at armchair athletes, showed that it had bought and received $1,830,000 worth of merchandise.
And An actual count of the merchandise in the store showed only $1,644,000 worth of merchandise in stock.
The other information is needed to calculate inventory shrinkage is sales for the period.
Before we can conclude on the level of inventory shrinkage, we must deduct sales from purchases to know the value of closing inventory which will be compared with the actual count.
