Answer:
sorry just answering to get points
Explanation:
sorry just answering to get points
Answer: b. Marginal revenue is less than average revenue
Explanation:
Marginal revenue is the extra revenue received by selling one more unit of a good while Average revenue is the revenue generated on average by all units sold thus far.
If the monopolist has to reduce prices to sell more goods then it would mean that for every unit sold, the price would have reduced compared to the price of the last unit which translates to less revenue coming in per unit compared to the last unit.
On the other hand, on average, the higher prices of the earlier goods sold would keep the average revenue higher than the additional revenue (marginal revenue).
So someone doesn't steal your identity
Answer: Sales, receivables and Cash
Explanation: The amount of cash received from customers can be derived by preparing a journal entry that includes: sales, receivables and bank
Sales: sales is the actual exchange of product/service for cash. sometime, sales can be cash sales or credit sales.
for cash sales: Debit: Bank/Cash and Credit: Sales
for credit sales: Debit: Receivable account and Credit Sales
Receivable Account: This is an account were sales on credit(sales made without cash payment) are recorded until the debt is paid.
here, we Debit: Cash/Bank and Credit: receivable account
Cash: this is an account maintained for cash received from sales or from debtors. when cash is received: Debit Cash and credit account receivable /sales account.
