Answer:
Increase
Explanation:
The elimination of minimum wage, means that the wage or "price" for teenage workers will decrease.
Next we can use the information that both type of workers are complements. Remembering that two goods are complements if the cross price elasticity is negative. This means that if the price of one good decreases the demand for the other will increase.
Since the price for teenage workers decreased by the elimination of minimum wage that will make the demand for adult workers to increase.
Answer:
A a building is one example
Explanation:
Assets are items that have value and is used by a business to generate profit.
There are two types of assets: the current assets and fixed assets.
Current assets are those that can be used or consumed within a year. They include cash, accounts receivable, marketable securities, and prepaid expenses.
Fixed assets are assets that are used by a business for a long period of time.
They can be tangible such as buildings, equipment, and land.
They can also be intangible for example copyright, patents, and trademarks.
In this instance a building is an example of a fixed asset.
It keeps prices fair for consumers who are trying to buy there products.
- R3KTFORGOOD ☕
Answer:
Part 2 Which of the following transactions does not involve an accrual?
- Recording the pre-payment of two years' worth of insurance. THIS IS AN ASSET EXCHANGE TRANSACTION SINCE IT CREATES AN ASSET ACCOUNT, PREPAID INSURANCE, THAT DECREASES AS TIME PASSES
Part 3 The recognition of an expense may be accompanied by which of the following?
- An increase in liabilities. EXPENSES ARE NOT ALWAYS PAID IMMEDIATELY, FOR EXAMPLE UTILITIES, THEY FORM A SHORT TERM LIABILITY UNTIL PAID.
Part 4 The adjusting entry to recognize work completed on unearned revenue involves which of the following?
- A decrease in liabilities and an increase in equity. UNEARNED REVENUE IS A LIABILITY ACCOUNT, AND AS THE WORK IS COMPLETED, REVENUE SHOULD INCREASE, THEREFORE EQUITY WILL INCREASE.
Part 5 Which of the following would cause net income on the accrual basis to be different from (either higher or lower than) "cash provided by operating activities" on the statement of cash flows?
- Paid advertising expense. IF THE COMPANY PAID ADVERTISING EXPENSES ON ACCOUNT.
Explanation:
