Answer:
a. Equilibrium price and equilibrium quantity to both decrease.
Explanation:
When the demand of a product decreases, it generates an excess supply at the initial price and this will generate the price to decrease. When the price goes down, suppliers are not willing to sell the same amount of products which will cause a decrease in the quantity.
Answer:
The correct interpretation of the given problem is outlined in the following portion of the explanation.
Explanation:
On 2019,
Company purchased = $540,000
Life useful = 5 years
(1)...
On year 2019,
On putting the values, we get
⇒ 
⇒ 
Journal - Dr $108,000 in depreciation A/c.
(2)...
Assets A/c Dr $ 92,880, To reassess surplus $92,880
Now,
On putting the values, we get
⇒ 
⇒ 
(Gained revaluation)
(3)...
On year 2020,
On putting values,
⇒ 
⇒ 
Journal - Depreciation A/c Dr. $131,220
.
(4)...
Surplus revaluation: Dr $39,312
On putting values,
⇒ 
⇒ 
(Loss revaluation)
Answer:
True
Explanation:
Efficiency related expenditures are more closely with day-to-day servicing of the machine. Such an expenditure just maintains machine's capacity to save the future economic benefits rather than improve its capacity.
Answer:
At will employment
Explanation:
At-will employment is a term used in U.S. labor law for contractual relationships in which an employee can be dismissed by an employer for any reason, and without warning, as long as the reason is not illegal.
Through at-will employment, both the employee and the employer are able to terminate employment at any time. The employment can end at the discretion of either party at any time, with or without cause, and with or without notice.
Hence the answer to this question is At will employment
Answer:
The correct answer is letter "C": "If you do not report any differences with 15 days, it will be assumed that this statement is correct".
Explanation:
Accounts Receivable, or AR, is an accounting term used to refer to the money that is owed to a company by its customers. The customers, who may be individuals or corporations, are the debtors since they owe money for the goods or services provided by the company. When the product is sold in credit the company sets a number of days so that the customer can pay the bill amount. The term usually is 30, 60 or 90 days.
In that sense, and auditor may find 15 days suitable for a debtor for report changes in a statement, otherwise, it is considered as correct.
