Answer:
$5,720
Explanation:
Calculation to determine What is Marigold adjusted cash balance on April 30
MARIGOLD CORP Adjusted cash balance on April 30
Cash balance per bank $5400
Less:Outstanding checks ($330)
Add: Deposit in transit $650
Adjusted cash balance. $5720
($5400-$330+$650)
Therefore Marigold adjusted cash balance on April 30 is $5,720
Answer:
Your task is to take this <u>demand schedule</u> and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda demanded decreases. This confirms the <u>law of supply and demand
.</u>
Explanation:
A demand schedule basically shows us the quantity demanded for a good or service at different price levels.
As the price of a good or service increases, the consumers will be less willing to purchase the good or service, therefore the quantity demanded will decrease. When the price of a good or service increases, this results in a higher opportunity cost for the consumer and a lower consumer surplus.
Inversely, when the price of the good or service increases, the suppliers will be more willing to produce the good or service, therefore the quantity supplied will increase.