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IrinaK [193]
3 years ago
11

The sale of assets to liquidate a partnership is called

Business
2 answers:
iren [92.7K]3 years ago
8 0

Net liquidation i believe is the proper term

arsen [322]3 years ago
7 0

Realization is the answer!

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How does a market surplus affect prices and consumer demand for a product?
s2008m [1.1K]

Answer

<u>Market surplus will lower the prices for goods and increase the consumer quantity demand for the products.</u>

Explanation

A market surplus is when there is excess supply. The quantity supply in this case is greater than the quantity demanded. Producers will be faced with a hard time to sell all their goods. This will make them lower their prices to make their products more appealing to consumers. Firms will also have to lower market prices in order to stay competitive. In response to the reduced prices, consumers will increase the quantity demanded thus moving the market to an equilibrium price and quantity. This is a case where excess supply has exerted a downward pressure on the prices of the products.



8 0
3 years ago
Refer to the accompanying graphs for a competitive market in the short run. What will happen to the representative firm's econom
Korvikt [17]

Answer and Explanation:

profit will increase to zero .

Currently the firm is incurring loss as price is less than ATC. In the long run firms will exit.

4 0
3 years ago
Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journ
Ber [7]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales Revenue Dr, $42,030

   Rent Revenue $300

        To Salaries and Wages Expense $21,600

        To Depreciation Expense $1,300

       To Utilities Expense $4,220

       To Insurance Expense $1,400

        To Rent Expense $6,000

       To Income Tax Expense $2,900

       To Retained Earnings $4,910

(Being closing of revenues and expenses is recorded)

2. Retained Earnings Dr, $300

         To Dividends $300

(Being closing of dividend is recorded)

4 0
3 years ago
In corporations, it is easy to transfer ownership by selling stock.<br> Select one: true or false
Serhud [2]

Answer:

the question is false

Explanation:

you can't sell stock for ownership

8 0
2 years ago
Who is your favorite character in the walking dead? mine is rick
fomenos

Answer:

do you watch riverdale?

pls dont report me im jus bored -_-

Explanation:

3 0
3 years ago
Read 2 more answers
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