Which Accounts are Affected? Which Account Category is Affected? What is the Account Balance? Does the Account Increase or Decrease? Do the Debits and Credits Balance?
Answer: Quantity of ice skates demanded will fall
Explanation:
When ice skating becomes less popular, the demand for ice skates in the U.S market will decline. Since, this is a change in preference and not in price of ice skates, the demand curve will shift to the right (Change in demand (shift) not change in quantity demanded(movement along the same demand curve).
So, the demand curve for ice skates will shift to the left leading to a fall in the price of ice skates and the quantity of ice skates demanded.
Quantity of ice skates demanded will fall, but it is due to the leftward shift in the demand curve.
Answer:
January Income = $0
February Income = 50% * ($4,900 - 2,300) = $1,300
March Income = 30% * ( $4,900 - $2,300) = $780
April Income = 20% * ($4,900 - $2,300) = $520
Explanation:
The amount received on the prepaid card will not be recognised in the amount because the revennue has not being recorgnized.
Answer: automatic stabilizers
Explanation:
Automatic stabilizers are the provisions in the law that automatically increase government spending or decrease taxes when real output declines.
It should be noted that automatic stabilizers can be used to reduce recession impact on people by helping them to survive even when there is a job loss.
If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
<h3>Assets</h3>
Using this formula
Assets=Equipment+Cash+Supplies+Accounts receivable
Where:
Equipment=$246000
Cash=$216000
Supplies=$33000
Accounts receivable=$92500
Let plug in the formula
Assets=$246,000 + $216,000 + $33,000 + $92,500
Assets =$587500
Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
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