Answer: increase
Explanation:
The supply curves slope upward due to the fact that there's a direct relationship between the price of the good and the quantity that's supplied.
This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.
Answer:
May 15, 2020
No Entry
June 15, 2020
Debit: Account Receivable 2,060
Credit Revenue 2,060
Debit COGS 1,380
Credit Inventory 1,380
July 15, 2020
Debit Cash 2,060
Credit Account Receivable 2,060
Explanation:
Preparation of the journal entries for Splish related to this contract.
May 15, 2020
No Entry
June 15, 2020
Debit: Account Receivable 2,060
Credit Revenue 2,060
Debit COGS 1,380
Credit Inventory 1,380
July 15, 2020
Debit Cash 2,060
Credit Account Receivable 2,060
Answer:
Security and Exchange Commission (SEC).
Explanation:
The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.
In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.
The body that has the power to prescribe the accounting practices and standards to be employed by companies that fall under its jurisdiction is the SEC.
Answer:
$485
Explanation:
Annual budget = $485,000
Monthly budget= $485,000/12
=$40,416.7
Abe responsibility=1.2%
40,416= 100%
1.2%=?
=40,416/100 x1.2
=404.16x1.2
=484.99
$485
Answer: demand assurances of performance from stonework
Explanation: In simple words, assurance of performance refers to the written guarantee from the service provider that the service will be preformed as per the fixed guidelines.
These assurances is very common in contracts which requires specific performance or performance from a specific person or an entity.
These contracts can be used in the court of law in case any conflict between the related party happens in future, thus it provides satisfaction to the paying party to some extent.
