Answer:
Credit was invented by Mr A Smith (of bank note fame) to allow parents to top-up teenagers phones. This was viewed as particularly important since without it they would be unable to cheat on their homework.
Explanation:
Do I really need to explain such an egregious answer
The given statement about the law of demand is false and the appropriate law is explained below.
<h3>What is Law of Demand?</h3>
This refers to the economic principle which states that when there is an increase in demand for a product, then the price of the good will decrease.
With this in mind, we can see that the law of demand works with the supply of goods as if for example there is an increase in price for a particular bar of soap, then the demand reduces.
Read more about law of demand here:
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Answer:
The credit manager, and the Controller
Explanation:
The credit manager is responsible for maintaining the credit policy, in order to fulfil this target they are responsible to look at the sales and ensure the credit sales are in the sales limit.
Further that the company do not have the bad debts, it shall verify each customer properly that they have enough funds, and ensure their credibility.
Controller is responsible for maintaining the financial records of accounts, and reporting the transactions to managers.
Accordingly, Credit manager along with controller are directly responsible to the vice president of finance.
It should be noted that duties of the board of directors involve reviewing the organization's financial objectives and major strategies in organization.
<h3>Who were board of directors?</h3>
board of directors can be regarded as the elected group of individuals that represent shareholders.
They provide advice to top management, and reviewing systems to ensure compliance with laws and are governing body .
Learn more about board of directors at;
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Answer:
The correct option is A,$ 22,687,200
Explanation:
The year end balance of the equity investment of Champaign Corporation at year end is the initial price paid for the investment plus share of net income in the year less Champaign Corporation's share of cash dividends paid in the year as shown below:
Initial cost of investment $21,600,000
share of net income($2,960,000*45%) $ 1,332,000
Less:share of dividends($544,000*45%) ($244,800)
Year end balance of equity investment $ 22,687,200
The correct option is A.
It is important to note that dividends were deducted because it is more ike a cash out from the investment
