Answer:
An effective price ceiling on coffee would cause the demand curve for lemons to shift to the left.
Explanation:
An effective price ceiling results in lower prices, increased demand, and shortages. Since tea and lemons are complement, a decrease in the price of coffee (substitute of tea) would result in a decrease in the demand for lemons (complement of tea). This means that the demand curve for lemons will shift to the left.
Answer:
The correct answer would be, System.
Explanation:
The restoration of the Ryan Home is an example of a System.
A System is a set of interrelated activities, set of tasks working together, as a part of the whole mechanism. Small tasks, departments, works, jobs, duties, make a system.
In this question, The restoration company is acting as a system, as they are providing assistance with the Ryan Family from the initial clean up to the moving back in with the family after the whole fire stuff. All of the restoration company's interrelated parts working together to accomplish a goal, which is an example of a System.
Answer:
a. Stock dividends
Explanation:
As we know that the cash flow statement records those transactions which deals in cash only.
It includes three types of activities
1. Operating activities: It records payment of expenditures, cash receipts, changes in working capital
2. Investing activities: It records inflow and outflow of long term assets
3. Financing activities: It records the stockholder equity related transactions
Since in the given case, the related disclosure do not report the stock dividend as it does not involved any kind of cash transactions
Answer:
generally you need to determine the cost per unit, but in this case you are given a percentage of depletion = 10% x $225,000 = $22,500 which determines the inventory value (or depletion expense if the timber is sold) during the year.
the journal entry should be:
December 31, 20xx
Dr Timber inventory 22,500
Cr Accumulated depletion - timber tract 22,500
