Answer:
$7,700
Explanation:
Equity of a company is Total Assets minus Total liabilities. Equity is the business worth for shareholders. For Crusoe Waterworks Company the equity will be the initial capital investment by Robin Crusoe plus any revenue received from the business operations.
The equity will be calculated by,
Equity = Capital Investment + Revenue - Expense
Equity = $5,000 + $3,400 - $700
The answer is true.
Keynesian contend that because prices are fairly rigid, changes in any aspect of spending including government, consumer, or investment spending can produce changes in output.
For instance, the output will grow if government expenditure rises while all other spending factors stay the same.
The so-called multiplier effect, which is when output grows by a multiple of the initial shift in spending that created it, is also included in Keynesian models of economic activity.
Therefore, a ten billion dollar increase in government spending might result in a fifteen billion dollar increase in total production (a multiplier of 1.5) or a five billion dollar increase (a multiplier of 0.5).
Hence, from a Keynesian perspective, the way out of a recession includes an increase in government spending, a tax cut, or an increase in transfer payments.
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Answer:
d. Debit Cost of Goods Sold $500.
c. Credit Merchandise Inventory $500.
Explanation:
The journal entry to record the cost of the sale is shown below:
Cost of Goods Sold $500
To Merchandise inventory $500
(To record the cost of the sale)
Here the cost of goods sold is debited as it increased the expenses and credited the merchandise inventory as it reduced the assets
Monopoly (mp) and perfect competition (pc) are the two completely opposite market structures. the market structures that fall between these two extremes are generally called <u>imperfectly competitive markets</u>.
Imperfect competition is a competitive market state of affairs where there are many dealers, however they may be selling heterogeneous (diverse) items instead of the correct aggressive marketplace state of affairs. as the name indicates, competitive markets are imperfect in nature.
Imperfect opposition regularly exists because of extremely excessive obstacles to entry for new suppliers. As an example, the airline industry has high barriers to entry due to the extraordinarily high cost of aircraft.
Imperfect markets are characterized by means of having competition for marketplace share, excessive boundaries to access and go out, exceptional products and services, and a small wide variety of customers and sellers. best markets are theoretical and can't exist inside the actual international; all real-world markets are imperfect markets.
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I believe it’s collateral sorry if it’s not.
