Answer:
The adjusting entry which is to be recorded or passed is shown below:
Explanation:
The adjusting entry which is to be passed for the office supplies on March 31, is as follows:
Supplies expense A/c......................Dr $900
Supplies A/c....................................Cr $900
The accounts of supplies expense is debited against the supplies account which is credited.
Supplies used during the year = Beginning office supplies + Purchases during the month - Ending supplies in hand
= $1,750 + $500 - $1,350
= $2,250 - $1,350
= $900
The correct answer would be the fourth option. An economist that studies the sales and profits of a certain corporation would be called a microeconomist. Instead of studying the economy of a nation as a whole, this economist is more focused on a specific company on how it affects the growth the economy and how the sales and profits changes.
A) the marginal propensity to save is the number associated with y which is 0.8
B) the marginal propensity to save is 1-0.8 = 0.2
C) replace y with the 400 and solve: c = 40 + 0.8(400) = $360
D) Average propensity to consume = 360/400 = 0.9
E) 400-360 = $40
F) 40/400 = 0.1
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Answer:
The correct answer is option D.
Explanation:
A quota is a non-tariff restriction on trade. It is either a quantitative limit or a limit on the monetary value of products that can be traded. It a restriction imposed by the government to protect domestic producers from foreign competition.
In all the given examples the last one represents a quota. It is a limit on the number of products that can be imported.