Answer:
Given that,
Sales discount forfeited = $600
Cost of goods sold = $13,000
Other expenses = $4,100
Expenses accounts:
= Cost of goods sold + Other expenses
= $13,000 + $4,100
= $17,100
Therefore, the second entry in the closing process is as follows:
Income summary A/c Dr. $17,100
To Cost of goods sold $13,000
To other expenses $4,100
(To record the closing entry)
Percentage change in quantity demanded/percentage change in price is the basic formula for the price elasticity of demand coefficient.
<h3 /><h3>What is price elasticity?</h3>
Price elasticity is the degree of an individual that person or a consumer can pay to the change in the price of the commodity, it is calculated the price a consumer is willing to pay versus the amount of quantity supplied to the person.
Thus, Percentage change in quantity demanded/percentage change in price
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Answer: It might be "We want to attend a support group."
Explanation:
A support group can help the parents work through their pain by nonjudgmental sharing of feelings. The correct option identifies a statement that would indicate positive, normal grieving.
Answer: If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming more of the advertised product must be CONSTANT. Option D.
Explanation:
Marginal utility is the additional satisfaction an individual gets, from consuming an additional unit of a product or service.
Therefore, in the scenario given above, if every additional bite of food tastes as good as the first, then the additional satisfaction is just as good as the preceding satisfaction. We can therefore say that the marginal utility gotten from consuming that product is constant.
Answer:
(E) that prices of gasoline and heating oil will stay higher than usual through
Explanation:
