The effect of each transaction on the accounting equation is to be shown in the attachment below.
The following information should be considered:
- In the accounting equation, the total assets should be equivalent to the total liabilities & the shareholder equity.
- It determined the financial position, performance of the company.
- It is known as the presentation of the balance sheet.
In this way, the accounting equation should be prepared.
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Answer:
0.4
Explanation:
Given that,
Convenience store advertises 50% off frozen slushies: This means that the price of slushies decreases by 50%.
20% Fewer sales of fountain drinks: This means that the quantity demanded of fountain drink decreases by 20%.
Percentage change in the price of slushies = 50%
Percentage change in the quantity demanded of fountain drink = 20%
Cross price elasticity measures the responsiveness of quantity demanded for one good to any change in the price level of the other good.
Therefore, the cross elasticity between slushies and fountain drinks is as follows:
= Percentage change in the quantity demanded of fountain drink ÷ Percentage change in the price of slushies
= 20 ÷ 50
= 0.4
Therefore, the positive cross price elasticity indicates that these are the substitute goods.
Answer:
A
Explanation:
the art of presenting merchandise in a creative way that helps the store reach out to people
(if its not a, then its d)
The crowding-out effect implies that restrictive fiscal policy will reduce real interest rates.
<u>Option: D</u>
<u>Explanation:</u>
The crowding out effect is the circumstances where greater interest rates consequences gives output of a decline in private investment expenditure so as to dampen the initial rise in overall investment expenditure. Authorities often embraces a restrictive fiscal-policy approach and raises spending to stimulate economic activity. This contributes to interest-rate rises. Higher interest rates have a impact on private investment choices. A high magnitude of the crowding-out impact can also result in lower economic revenue.
Answer:
Free trade focuses on the reductions of barriers and policies of nations.
Fair trade seeks to bring favor to the right of the worker.
Explanation: