Answer:
The correct answer here is C) cash account would be debited by $2.02 million and the other financing resource account would be credited by the same amount of $2.02 million.
Explanation:
Sugar city first issued $2 million bonds whose face value was $100 and the number of shares were 20,000, with interest rate of 5%. And after some time those shares were sold at $101 and cash was received , so now the total amount received is 20,000 X $101 = $2.02 million, so the journal entry here would be -
SN PARTICULAR LF DEBIT CREDIT
1 CASH $2.02 MILLION
TO OTHER FINANCING RESOURCES $2 MILLION
( BONDS SOLD @ $101 )
The modern economy has influenced a change in the image of the evolution of gender roles throughout the world.
<h3>What are gender roles?</h3>
Gender roles is a term that refers to the distribution of work and social roles according to a person's gender. In ancient times, men had different roles than women and this idea was transmitted generationally until modernity.
In modernity with the arrival of a new economic system, the roles of women were more similar to those of men because those paradigms that women were less capable than men were overcome.
Nowadays, the roles of women and men are equal in many aspects, so women can play any social role they want regardless of their gender.
Learn more about social roles in: brainly.com/question/1008076
Answer:
It will lose revenue
Explanation:
An elastic demand (which are found in goods or services that have substitutes) moves proportionally to price changes.
It means that, if the price of the good rise, then the demand will diminish. The opposite works the same, if the price reduces, then the demand will grow.
On the other hand, elasticity refers to the impact of the prices on the demand of the goods and there are key factors that influence this relation:
- Necessity of the good (or product)
- The existence of substitutes goods or alternatives to those goods
- Time
Answer:
The income effect and substitution effect work in opposite directions and income effect is dominant.
Explanation:
In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.
The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.
In case of an inferior good, however, income elasticity is negative. The income effect and substitution effect work in opposite directions.
A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.
Answer:
People also ask
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What soil horizon contains mostly clay silt and sand?
E Horizon - This eluviation (leaching) layer is light in color; this layer is beneath the A Horizon and above the B Horizon. It is made up mostly of sand and silt, having lost most of its minerals and clay as water drips through the soil (in the process of eluviation).
