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3 years ago

What is the difference between a demand curve and a demand schedule?

Business

1 answer:

svetlana [45]3 years ago

5 0

Answer:

Demand schedule:

The Demand schedule refers to the tabular representation of the quantity demanded at the various price levels. By observing the demand schedule, we can conclude that as the price of the good increases then as a result the quantity demanded for that good falls. It represents various combination of price and quantity demanded.

Demand curve:

A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.

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What are the two methods used to translate financial statements and how does the functional currency play a role in determining

laiz [17]

Answer:

The two methods of translating financial statements are the current rate method/closing rate method and the temporal method

Explanation:

Functional currency simply means the main currency used by a business. it could also be defined as the primary currency used in the economic environment in which a business operates as in where it generates most of its cash and also spends it

Functional currency determines to a large extent the method used in translation of financial statements. When there is no difference between local currency and foreign currency, current rate method is used and vice versa for temporal rate method

please find attached from Advanced Accounting

Hoyle, J., Schaefer, T., & Doupnik, T. (2015)

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3 years ago

The spread or difference that results when product price exceeds average total cost determines

Illusion [34]

Profitability

these extra words are added to pad my precise answer with additional words so there will be enough more words

4 0

3 years ago

A(n) ________ is a salaried accountant hired by a business to carry out its day-to-day financial activities. A. public accountan

sergiy2304 [10]

Answer:

D. private accountant

Explanation:

A salaried accountant that is hired by the business for the day to day activities of the organisation is the privately-owned accountant who is employed by a single company.

Is responsible for the analysis of the financial reports internally and they often are responsible for the payable accounts and for giving invoices to their business clients.

8 0

3 years ago

Uniform Supply accepted a $5,200, 90-day, 12% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform S

Naya [18.7K]

Answer:

The journal entry is shown below:

Explanation:

The journal entry is as follows

On January 15

Accounts receivable $5,356

To Note receivable $5,200

To Interest revenue $26

To Interest receivable $130

(Being cash received in respect of note receivable, interest accrual is recorded)

The computation of interest receivable is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $5,200 × 12% × (75 days ÷ 360 days)

= $130

The 75 days is counted from October 17 to December 31

And, the total amount is

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $5,200 × 12% × (90 days ÷ 360 days)

= $156

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3 years ago

When members are able to express their opinions and reach agreement to support the final decision?

GaryK [48]

Members of the human race

3 0

3 years ago