Answer: 2.32 people per hour
Explanation:
From the question, we are informed that Bobby the Barber is thinking about advertising in the local newspaper since he is idle 45 percent of the time and that currently, customers arrive on average every 40 minutes.
For Bobby to be busy 85 percent of the time, the arrival time needs to be 2.32 people per hour.
Check the attached file for the solution.
Answer:
a. a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP
Explanation:
During a recession, the aggregate demand is the first to decrease. As a result of lower demand, inventories will increase resulting in an increase in the aggregate supply. Recessions tend to decrease inflation, which results in lower price levels and an overall decrease in real GDP. Recessions will continue until the aggregate demand increases again, increasing the aggregate supply.
Answer:
The adjusting entry are shown below.
Explanation:
According to the scenario, the adjusting entry that can be shown are as follows;
Journal Entry
Sales return and allowance A/c Dr $160,000
To sales refund payable A/c $160,000
( Being Sales return is recorded)
The computation is shown below:
For sales return:
= $2,000,000 × 8%
= $160,000
Journal Entry
Inventory Returns A/c Dr $96,000
To Cost of goods sold A/c $96,000
(Being the cost of goods is recorded)
The computation is shown below:
For inventory return:
= $1,200,000 × 8%
= $96,000