Answer:
None of these is correct
Explanation:
The substitution effects is the decrease in sales for a product that can be attributed to consumers switching to cheaper alternatives when its price rises. The substitution effect is based on the idea that as prices rise, consumers will replace more expensive items with cheaper substitutions or alternatives, assuming income remains the same.
Answer: The correct answer is "(E) That an injunction, rather than damages, was the appropriate remedy.".
Explanation: An injunction rather than damages was the appropriate remedy since in that case, the result was that the court ended up ruling that a precautionary measure would be the most appropriate because determining the adequate calculation of damages would be too difficult.
The journal entry for the issuance of an interest-bearing note for the purpose of borrowing funds for the business is Debit cash.
<h3>
What is Debit Cash?</h3>
- When a person uses debit cash, money is automatically taken out of their checking account.
- These cards, which are sometimes known as "check cards" or "bank cards," can be used to make purchases of products or services, withdraw cash from an automated teller machine, or make additional purchases at merchants who will accept them.
- You might not be able to make a very large purchase using debit cash because they typically have daily spending limits.
- A personal identification number is typically not required to use a debit card (PIN).
Hence, Debit cash is the journal entry for issuing an interest-bearing note for the purpose of borrowing money for the company.
To learn more about Debit Cash refer to:
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Answer:
Missing word <em>"a. Direct labor usage. b. Indirect labor usage. c. Total payroll paid in cash. Prepare journal entries for the above transactions for the month of May"</em>
<em />
S/n General Journal Debit Credit
a Work in Process inventory $265,000
($345,000 - $80,000)
Factory wages payable $265,000
(To record for Direct labor usage)
b Factory overhead $80,000
Factory wages payable $80,000
(To record for Indirect labor usage)
c Factory wages payable $345,000
Cash $345,000
(To record for Total payroll paid in cash)
