Answer: C
Explanation:
Complementary goods are a pair of goods that can be consumed together. If the price of one goes up, the demand for both fall. For example, if gas prices rise and stay consistently high, less people will be inclined to buy a car (at least from an economic standpoint)
Answer:
The correct option is b.
Explanation:
Given information: In Prepaid Insurance account
Beginning balance = $14,000
Ending balance of $24,000
Change in balance = $24,000 - $14,000 = $10,000
In means the balance of Prepaid Insurance account is increased by $10,000.
In a cash flow statement, operating activities section represents the changes in current assets (except cash) and current liabilities. Prepaid Insurance is a current asset.
A decrease in Prepaid Insurance will be added to the Operating Activities and a increase in Prepaid Insurance will be subtracted from the Operating Activities section.
The $10,000 increase will be subtracted from the Operating Activities section. Therefore the correct option is b.
Answer:
$2,666
Explanation:
Given that:
- Current ask price: $4.30
- Bid quotes $4.27
- Market buy order: 620 shares
So, the cost to buy these shares:
Number market buy order * Current ask price/share
= 620*$4.30
= $2,666
Hope it will find you well.
Answer:
The answer is Selling Stocks
Explanation:
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