Answer:D
Explanation:
If the increase in rubber coincides with advance technology of tires production. The demand of rubber is unaffected bringing the supply of tires increase to some extend provided the demand is high. It could decrease if there is tax or poor government policy. And it remain the same if the demand of rubber meet the supply of tires at equilibrium points.
Answer: Option C - Assets are Overstated; No effects on liabilities: Equity is Overstated
Explanation:
When Bad debts are recorded, they will reduce the Accounts Receivable account because less money will be expected from debtors. Accounts Receivable is an asset account so it will be Overstated if bad debts are not recorded.
Equity will also be overstated because bad debts is an expense that is sent to the Income statement. If this expense is not deducted, the net income will be larger than it should be and when added to Equity it will overstate it.
Answer:
correct answer A. 415
<em />
<em>Multiples choices for the question : a. 415 b. 300. c. 290 d. 335</em>
Explanation:
The law of demand explains the relationship between the price of a product and the quantity demanded. According to the law, there is an indirect relationship between quantity demanded and price. Should the price increase or decrease, the quantity demanded moves in the opposite direction.
If Miriam reduces the price of headbands, their demand should increase. A low price results in increased demand while a high price reduces demand. From the choices available, option A is higher than the current sales of 335. The reduced price will increase demand, pushing the sales higher.
