Answer:
A Assets and liabilities
Explanation:
Since the sole trader takes the loan of £5,000 from the bank that means the cash is increased because the receipts is received and the loan is also increased as the liability is created
So as per the given situation, both the assets and the liabilities are increased
Therefore the option a is correct and the same should be relevant
Answer:
The correct answer is the option 3: AS shifts right and price level would increase.
Explanation:
To begin with, the <em>Aggregate Supply Curve</em> is the total amount of goods and services that the suppliers are willing and able to offer at a certain price level given and at a certain period of time. If the costs of the sellers increases then that would mean that they would try to obtain more profits so that would implicate in an increase in the amount of quantity offered by them. So that means that the aggregate supply curve would shift to the right and the price level would increase as the sellers would try to earn more profits so that they could cover all the new costs given by the government.
Answer:
Type I subsequent event
Explanation:
The reason is that there are two types of subsequent events which includes a recognizable event and a non-recognizable event. In the Recognizable event which is also known as type 1 subsequent events is the event that has occurred at the financial statement date and is concluded after the year end. So in this case, the event had occured at the financial statement date which the auditor and the company didn't knew about and has been concluded in the subsequent period.
Hey there!
Your answer is:
D, none of these.
Hope this helps!
Have a great day! (:
Answer:
B. Line extension
Explanation:
Product Line Extension
This involves the use of an already established brand name, in this case, cool whip for a new item (orange flavored cool whip) in the same product category. It's the production of a new product that is a little different to a company's existing products. The differences the new product usually has from the existing products may be in the line of new flavour, colors, product size, added ingredients and so on.
A popular example of this is Coke and Pepsi releasing Diet Coke and Pepsi respectively. Adding a new product to their existing range of products.
