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sertanlavr [38]
3 years ago
15

The supply of shoes dropped. Stores are having a hard time finding enough shoes to sell. What will happen to the price of shoes?

Business
1 answer:
PilotLPTM [1.2K]3 years ago
8 0

Answer:

The price of the shoes will increase.

Explanation:

It is supply-and-demand. In this case, the supply is low but the demand is high so the store(s) have to raise the prices.

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Malcolm has several receipts from recent transactions that
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$704.50

Explanation:

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Which one of the following parties can sell shares of ABC stock in the primary market? A. ABC company B. Any corporation, other
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Answer:

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Explanation:

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3 years ago
What does free contract mean?
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7 0
3 years ago
Sanders Corporation issued $ 470,000 of 9​%, ​10-year bonds payable at a price of 91. The market interest rate at the date of is
enyata [817]

Answer:

D. Date Accounts and Explanation Debit Credit Interest Expense 21,385 Discount on Bonds Payable 235 Cash 21,150

Explanation:

The journal entry is shown below:

Interest expense $21,385

     To Discount on bond payable $235

     To Cash $21,150

(Being the interest expense is recorded)

The computation is given below:

The interest expense is

=  $470,000 ÷ 100 × 91 × 10% ÷ 12 months × 6 months  

= $21,385

The cash is

= $470,000 × 9% ÷ 12 months × 6 months  

= $21,150

And, the remaining balance is credited to discount on note payable

We simply debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining amount is credited to discount on bond payable

3 0
3 years ago
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