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3 years ago

Credit sales are recorded by crediting an accounts receivable.

1 answer:

8 0

The answer to the sentence above is false based on the transaction above. Account Receiveable is an asset account which has "debit" as its natural balance. Recording credit sales will increase the account receivable balance and sales balance, thus an increase in account receivable balance occurs on the debit side.

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A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t

n200080 [17]

Answer:

He will sell 600 pizzas per week if he cuts the price by 10%.

Explanation:

Price Elasticity of demand measure the responsiveness of demand to change in the price of a product. It calculates the ratio of change in demand and change in price.

Price elasticity of demand = % change in demand / % change in price

-2 = % change in demand / 10%

% Change in in demand = -2 x 10%

% Change in in demand = -20%

Following the law of demand as price decreases the demand of the product increases. So the sale of Pizzas will be increased by 20%.

Current Sale of Pizzas = 500 pizzas

Increase in sales = 500 x 20% = 100 pizzas

Increased sale = 500 + 100 = 600 pizzas

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3 years ago

When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve

Hitman42 [59]

Answer:

a. inelastic

Explanation:

As you can see in the image I added, the curve that is close to a vertical is the inelastic one. Inelastic means that the demand remains the same even if the prices go up or down.

I hope you find this information useful and interesting! Good luck!

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3 years ago

A nondiscriminating monopolist:

max2010maxim [7]

Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.

It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
In order to understand this situation, it is important to address the meaning of inelastic demand.
The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
This does not lead to profits for a monopolist.
It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.

Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.

Learn more about Demand Elasticity here:

brainly.com/question/5078326

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1 year ago

Am i the only one who like co ck and ball pain?

tatiyna

Answer:

HELLO CAN U TELL ME HOW TO SEE LEADERBOARD HERE 

IN AUSTRALIA 

I AM FROM INDIA AND I M HERE TO EXPLORE THE ASTUTRALIAN BRAINLY 

PLEASE HELP

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2 years ago

David taylor purchased a teapot for $23.95, a coffee maker for $33.95, and a deluxe microwave for $196.75 for his mother's birth

Kaylis [27]

The answer is $275.02

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2 years ago