Answer:
C) Assets Increase and liabilities increase.
Explanation:
The Assets increase as a result of an inflow of cash as a current asset. Meaning there is an increase of cash. The liabilities increase as a result of a present loan or borrowing from the bank which is added to liabilities as an obligation.
Answer:
A cardholder fails to make a minimum payment one month.
Explanation:
A credit card late-payment fee is the fee charged by a credit card issuer because the card holder fails to pay his debt at the minimum payment deadline. This fee can be very high up to $40 depending on the card issuer. Some card issuers charge very low payment fee or no payment fee at all, therefore if you know you are someone who forgets to pay debts at the due date use credit cards that charge low payment fees.
The bond issuance should be recorded as the bond issued with discount. There is a difference between the bond's par value and its selling price. If a bond sold below its par value, a discount will appear as the difference between them. For the journal entry, there will be a debit balance in cash account for $1,864,097, debit balance in the discount of the bond payable account for $ 135,903, and credit balance in the bond payable account for $2,000,000.
The answer is networking, if there’s more to it then it’s networking to generate leads.
Answer: The elasticity of demand will determine the degree to which quantity demanded rises.
Explanation:
Acc. to the law of demand, demand for a normal good is negatively related to its price. When price of the good falls, quantity demanded rises.
Price elasticity of demand shows us the magnitude of change in quantity demanded to a change in the price of the good.
So, when price falls, elasticity will show us by the degree to which quantity demanded rises.
