Answer:
b. Total debits and total credits on the trial balance will still be equal.
d. The balance sheet equation will be in balance.
f. The account balances for cash and service revenue will be incorrect.
Explanation:
In accounting, this kind of mistake is called subsidiary entries under Types of Errors in Accounting. Therefore, all the transactions that recorded incorrectly are regarded as subsidiary entry.
Although, as regards this particular question, the account balances for cash and service revenue will not be correct, but this does not prevent the total debits and total credits on the trial balance from being equal nor prevent the balance sheet equation to balance.
The implication is that this error will not show in the trial balance. The solution to this error in order to detect this kind of error is to carry out a bank reconciliation frequently by comparing figures on the bank statement to the figures in the company's books.
It is called a marketing information system. It is because a marketing information system is the one responsible for supporting decision making in terms of the marketing field. It manages the informational needs that are needed in the market and those are found above which are the things being provided and distributed.
Because increase in price reduces the quantity initially allotted to the cost price
Answer:
D. a 10 percent decrease in the average price of a lift ticket.
Explanation:
When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.
Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.
Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.
Answer:
The multiple choices are :
a.$8
b.$20
c.$22
d.$45
The correct option is C.$22
Explanation:
The earnings accruing to the selling group is the selling concession of $22 per $5,000 per bond.
Option A is obviously wrong as there is nothing in the questions that suggest earnings of $8 per bond for the selling group.
Option D is wrong as well because $45 per bond is the spread which is the extra yield to bondholders when compared to investment in government securities
