Answer:
Substitute Effect
Explanation:
When a product's price increases, it becomes relatively expensive compared to its alternatives. The high price will encourage consumers to choose other goods that are relatively cheaper. Consequently, the price increase reduces the demand for the product while increases the demand for its substitutes.
The substitution effect describes how consumption is affected by an increase or a decrease in a product's price.
Sarah - cord source funding
Daphne - government loans because SBA is a government agency.
Pat - venture capital
Albert - asset backed lending because he is using collateral (assets) to secure his loan.
The accounting entries for Rippen Corporation is recorded as follows:
December 3,
DR Accounts Receivable (Burnen Corp.) $480,000
CR Sales $480,000
DR Cost of Goods Sold $320,000
CR Inventory $320,000
December 8,
DR Sales Return $30,000
CR Accounts Receivable $30,000
DR Inventory $20,000
CR Cost of Goods Sold $20,000
December 12,
DR Cash $441,000
DR Credit Discount $9,000
CR Accounts Receivable $450,000
<h3>What is Journal Entry?</h3>
A journal entry is recorded for the transactions of a company in the relevant period, the entry that is recorded is also known as the double entry. These journal entries are then used to prepare T-Accounts, an then trial balance is made and ultimately income statement and balance sheet are made.
The transaction includes a discount of 2% as credit discount for the payment being made within 10 days.
Learn more about Journal Entries at brainly.com/question/27076717
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FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.
FOB Destination is an acronym for "Freight on Board" Destination
- The FOB Destination is a <em>marine term</em> used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.
- In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.
In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.
Read more on FOB Destination here
<em>brainly.com/question/15102930</em>
<span>Regulatory agencies is the answer you need. Since the congress and its members can't know everything that there is to know about making sure that the laws are being obeyed, regulatory agencies were made to ensure that people obey the laws. Such agencies do different things, from making sure hygiene is up to making sure people pay their taxes.</span>
