Answer:
Overstatement of Assets and liabilities.
Explanation:
Collection of cash results in journal entry of debiting cash with corresponding credit to accounts receivable thus reducing the accounts receivable.
Erroneous credit to accounts payable instead of accounts receivable results in overstatement of assets and liabilities.
Answer:
D. The demand for artichokes will increase.
Explanation:
Demand is the willingness of a consumer to pay for the goods and services so purchase.
One of the major determinants of demand is expectation of change of price in the future. Others are price of related goods, income of consumers, tast and preference, and expectation of change of price in future.
When consumers speculate increase in price of certain commodity, then there would be increase in demand for such commodity now.
It therefore follows that consumers tends to follow market trend in terms of demand. They would demand for certain commodity in anticipation of price increase thereby leading to scarcity of such commodity in the market.
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
<h3>What is Finance?</h3>
Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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Answer:
maximize revenue is ( 100 , 40000 )
Explanation:
given data
charges customers between = $65 and $200 per day
linear function n(p) = 800−4p
p = daily rental charge
to find out
company charge each customer per day to maximize revenue
solution
we know that Revenue = n(p)*p
so given equation
R(p) = 800 - 4p × p
R(p) = 800p - 4p² ...................1
so now find critical point here that is
f' (p) = 
800p - 4p²
= 800p - 4p²
= 800 (1) - 4 
800 - 8p
solve it 800 - 8p = 0
p = 100
now put extreme point x = 100 into equation 1
y = 800 p - 4p²
y = 800 (100) - 4 (100)²
y = 40000
so maximize revenue is ( 100 , 40000 )
