Answer:
See below
Explanation:
Assets, Liabilities, and Equity form the basis for preparing the balance sheet. They make the accounting equation of Assets= Liabilities + Equity.
<u>Assets </u>are the valuables a business owns. They can be in the form of cash, money in the banks, financial instruments, properties, machines, or motor vehicles.
<u>Assets will be</u>
<u>Liabilities </u>are what the business owes to third parties and supplies. Liabilities are usually in the monetary form, such as loans, rent, and accounts payable.
<u>Liabilities</u>
<u>Equity</u> is the owner's contribution to the business. They include capital and retained earnings.
Equity
- retained owners
- personal investment earnings,
Answer:
A. Sales invoices to the shipping documents
Explanation:
- It's a systematic and periodic analysis of sales performance. The job of the sales audit is to examine the company's financial documents by the govt tax agency and to verify the proper amount of sales tax that is remitted to the authority.
Answer:
raise
Explanation:
In a market without price control, prices are determined by the forces of demand and supply. When price is below equilibrium price, market forces shift the price upward until equilibrium is reached.
If prices are above equilibrium price, market forces shift prices downward until equilibrium price is reached.
Equilibrium price is the price at which quantity supplied equals quantity demanded.
Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.
<h3>What is Comparative Advantage?</h3>
Generally, Superior performance in one economic activity (such as the production of one product) over another.
In conclusion, Using the same amount of resources, the nation of Zanzibar can produce 12 million lb of beef or 5 million lb of pork. Zanzibar has an n-Comparative Advantage in the beef market compared to the pork market.
Read more about Comparative Advantage
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Answer:
-2.5%
Explanation:
The computation is given below:
We know that
Cross price elasticity of demand = Percentage change in the price of y ÷ percentage change in the price of x
And, the same is given i.e. -5
So here the percentage of change in the price of y is
= -5 × 50%
= -2.5%