Answer:
Please refer to the below
Explanation:
Journal entry as seen below
Feb 28 Sales tax payable Dr $975
Cash Cr $975
Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.
Answer:
2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O
Explanation:
<u>Step-1:</u>
Br₂ + NaOH → NaBrO₂ + NaBr + H₂O
<u>Step-2:</u>
Elements. LHS RHS
Br 2 2
Na 1 2
O 1 3
H 1 2
<u>Step-3:</u>
Elements L.H.S R.H.S
Br 2 × 2 4
Na 1 × 4 4
O 1 × 4 4
H 1 × 4 2 × 2
<u>Step-4:</u>
Elements L.H.S R.H.S
Br 4 4
Na 4. 4
O 4. 4
H 4 4
<u>Step-5:</u>
<u>2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O</u>
<u>-TheUnknown</u><u>S</u><u>cientist</u>
Answer:
the black market price stays more or less the same in the long run as in the short run.
Explanation:
The black market price may increase or decrease depending on the price elasticity of the goods or services involved, there is no general economic rule that defines how black market equilibrium price reacts to changes in the supply and demand of legal goods and services.
In this specific case, both the demand elasticity and the supply elasticity are elastic, so they basically cancel out or offset each other. The black market supply will decrease the shortage, but it will not be able to satisfy the new quantity demanded completely. Black market apartments have a greater elasticity (steeper curves).
<u>Calculation of debt ratio:</u>
Debt Ratio can be calculated using the following formula:
Debt Ratio = Total Debt / Total Assets
We are given that debt/equity ratio is 0.50, it means Total Equity = 2 * Total Debt
Total Assets = Total Debt + Total Equity
So, Total Assets = Total Debt + 2* Total Debt
Or
Total Assets = 3* Total Debt
So, Debt Ratio = Total Debt / 3* Total Debt = 1/3 = 0.3333
Hence, Debt ratio is <u>0.3333</u>