Answer:
a) true
Explanation:
This is true because, increasing the price of the product sold by an organisation directly lead to the reduction of the operating cost of the said organization, all other things being equal. <em>For example, a glass manufacturing company increasing the selling price per unit glass from $40 to $90 will definitely lead to operating cost reduction.</em>
Answer:
The marginal propensity to consume is <u>92 percent</u>.
Explanation:
Marginal propensity to consume (MPC) refers to the additional expenditure on consumption by consumer as a result of an in national income.
That is, MPC is a measure of the proportion or percentage of the additional income that goes consumption expenditure.
MPC can be calculated using the following formula
MPC = ΔC / ΔY ......................................... (1)
Where;
ΔC = Change in consumption = New consumption - Old consumption = $1,168 - $800 = $368
ΔY = Change in income = New income - Old income = $1,400 - $1,000 = $400
Substituting the values into equation (1), we have:
MPC = $368 / $400 = 0.92, or 92%
Therefore, the marginal propensity to consume is <u>92 percent</u>.
D) Key
a student ID number is the Key
The reason that quantum effects are not observable in the everyday, macroscopic world, is because the quantum world is referred as a micro environment.
We refer to the quantum world as a micro environment. The world that we call “normal” is the macro environment. Quantum effects are part of many other effects, there are so many effects or outcomes of particles or experiments, that they in a sense balance each other out.
The macro world is simply too large for the effects to be shown. There are so many particles, and therefore a seemingly endless amount of effects and outcomes. When we examine a particle individually, though, there were can see the results in their true forms. The Quantum effects that don’t follow normal classical expectations.
To learn more about Quantum effects here
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Answer:
$1,037
Explanation:
Allowance for doubtful accounts is a contra asset account that must have a credit balance since it reduces the value of accounts receivable. In this case, since the account had a debit balance of $198, and the ending balance of the account should be $839, then we must credit = $839 + $198 = $1,037
The adjusting entry should be:
December 31, adjusting entry allowance for doubtful accounts
Dr Bad debt expense 1,037
Cr Allowance for doubtful accounts 1,037
