Answer:
B. Price Decreases & Quantity Increases
Explanation:
Since natural gas provides heat at a much lower cost, most households will begin to use natural gas and stop buying heating oil because natural gas can serve as a substitute to heating oil at a lower cost. This will result in decrease in price of the heating oil to encourage households to buy, and since more households prefer to go for natural gas, the quantity of the heating oil will increase.
Answer:
D) $6,000
Explanation:
The total cost when Melody hires two instructors is $6,000 because:
Average total cost = Total cost / Quantity
Total cost= Average total cost * Quantity
Considering that when Melody hires 2 instructors the studio's output is 600 students:
Total cost= $10 * 600
Total cost= $6,000
Based on the purchase details by the company, the correct journal entry to record the purchase on July 5 is c) Debit Merchandise Inventory $1,800; credit Accounts Payable $1,800.
<h3>Why is this the correct journal entry?</h3>
On July 5, the amount that was purchased was still $1,800. Nothing had been returned yet. The amount that will be debited to Merchandising as an asset will therefore be $1,800.
The Accounts Payable account will be credited the same amount to reflect that the company owes money for the purchase.
In conclusion, option C is correct.
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Answer:
The correct answer is option c.
Explanation:
Inflation implies an increase in the general price level. It reduces the purchasing power of consumers.
If the wages are increasing slower than the rate as inflation it means that the disposable income is increasing at a slower rate than the increase in prices. It implies that purchasing power is declining.
If wages are increasing at the same rate as inflation, it means that the purchasing power is constant. If wages are increasing at a faster rate than the increase in the inflation rate, it means that the purchasing power is increasing.
Answer:
$4,010
Explanation:
Given that
Provide lesson on account = $4,200
The company received on account = $3,600
And, in addition the amount received from customers on account is $410
So, the operating cash flow is
= The company received on account + the amount received from customers on account
= $3,600 + $410
= $4,010
Ignored the company received on account