D. The substitution effect/ the law of demand
The substitution effect says when the price of one good goes up, consumers will replace it with a similar less expensive good (like buying generic paper towels)
The law of demand says that quantity demanded is <em>inversley </em>related to price, so as price goes up demand goes down.
Explanation:
A supply chain can be defined as the management of an integrated business network as people, activities, resources and information whose objective is to transport the product or service from suppliers to the customer.
Management must take place strategically, so that the product or service reaches the customer in the right way, in the right quantity and at the right time. Therefore, it is ideal for companies to seek knowledge of each stage of the chain's execution to achieve advantages such as reduced costs and losses.
An effective strategy would be to implement technological systems for tracking and monitoring cargo transports to prevent fraud and obtain greater control over activities.
Answer: The formula for simple interest is I=PxRxT. The calculations for each is below.
Explanation: The formula for simple interest is Interest = Principal x Rate x Time. In order solve for each of these variables you need to plug each into the formula.
40,000 x .07 = $2,800
50,000 x .07 = $3,500
60,000 x .07 = $4,200
70,000 x .07 = $4,900
80,000 x .07 = $5,600
90,000 x .07 = $6,300
40,000 x .09 = $3,600
50,000 x .09 = $4,500
60,000 x .09 = $5,400
70,000 x .09 = $6,300
80,000 x 09 = $7,200
90,000 x .09 = $8,100
Answer:
a. Debit Accounts receivable for $600
Explanation:
As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -
Accounts receivable (Debit) $600
Revenue (Catering) (Credit) $600
Accounts receivable is debit because the company owes the amount from the customers.
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