Surplus. Is this a multiple choice?
Within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account
Using this formula
Check amount=(Merchandise sold- Merchandise return)- [(Merchandise sold- Merchandise return)× Discount]
Where:
Merchandise sold=$4,000
Merchandise return=$500
Discount=2%
Let plug in the formula
Check amount=($4,000-$500)-[($4,000-$500)×2%]
Check amount=$3,500-($3,500×2%)
Check amount=$3,500-$70
Check amount=$3,430
Inconclusion within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account.
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Answer:D. $690
Explanation:
GIVEN THE FOLLOWING :
YEAR 2009
Guns produced = 80
price of gun =$5
Butter produced = 40
price of butter = $4
Year 2018
Guns produced = 90
Price of guns = $6
Butter produced = 60
Price of butter = $10
REAL GDP FOR TYROVIA FOR 2018 USING 2009 AS BASE YEAR IS GIVEN AS:
(GUNS PRODUCED IN 2018 × PRICE OF GUNS IN 2009) + (BUTTER PRODUCED IN 2018 × PRICE OF BUTTER ON 2009)
REAL GDP = ( 90 × $5) + (60 × $4)
REAL GDP = $450 + $240 = $690
Answer and Explanation:
The accounting equation effects of each required adjustment is shown below:-
Transactions Assets
a. Prepaid rent - $1,280
b. Accumulated
depreciation - $1,180
c. NE
d. NE
Transactions = Liabilities + Stockholders' Equity
a. NE Rent expenses -$1,280
b. NE Depreciation expenses -$1,180
c. Accounts payable + $8,200 Utilities expenses -$8,200
d. Income tax payable + $310 Income tax expense -$310
Answer: The correct answer is "B). substitution effect is stronger than the income effect."
Explanation: A higher wage rate will lead to increases in the amount of laborsupplied if the substitution effect is stronger than the income effect, this happens because this happens because if the substitution effect is stronger than the income effect increases the additional benefit for a worker.
Because if the income effect were greater than the substitution effect the worker would earn more in less time and decrease the amount of labor supplied.
