According to the law of demand, quantity demanded decreases as _______

Following are Nintendo's revenue and expense accounts for a recent calendar year.Net sales ¥ 1,014,345 Cost of sales 626,379 Adv

elena-14-01-66 [18.8K]

Answer: These transactions can be journalized as follows :-

Explanation: Since the entries are closing entries these would be recorded at year end :-

Dec 31. Sales a/c Dr ¥ 1,014,345

To income a/c ¥ 1,014,345

(Being revenue account closed)

Dec 31. Income a/c Dr ¥ 936,724

To cost of sales a/c ¥626,379

To advertising expense a/c ¥ 96,359

To other expense a/c ¥213,986

(Being expenses account closed)

Dec 31. Income a/c Dr ¥77,621

To retained earnings ¥77,621

(Being excess income transferred)

4 0

2 years ago

The average propensity to consume is the: ratio of consumption to income. amount consumed out of an additional dollar of income.

Arlecino [84]

Answer:

The correct answer is: ratio of consumption to income.

Explanation:

The average propensity to consume is a measure to show the percentage of income that is spent on consumption of goods and services. It is calculated by the ratio of consumption and income.

It can also be calculated as 1 - APS. Here, APS is the average propensity to consume which is the ratio of savings to income.

4 0

3 years ago

How are business entrepreneurs and social entrepreneurs different?

julia-pushkina [17]

Both approaches fulfill a need in the market and aim to earn a sustainable profit. The main difference is that social entrepreneurship focuses beyond simply generating a profit, and measures its performance on the positive impact the business makes on society – whether social, cultural or environmental.

5 0

3 years ago

Read 2 more answers

Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Smiley Corporation wholesales repair products to equipm

Masja [62]

Answer and Explanation:

The Journal entry is shown below:-

a. Cash Dr, $20,811,010

To Bonds payable $20,000,000

To Premium on Bonds payable $811,010

(Being issuance of the bond is recorded)

For recording this we debited the cash as it increased the assets and at the same time it also increased the liabilities so the bond payable and premium is credited

b. Interest expenses Dr, $818,899

Premium on Bonds payable $81,101 ($811,010 ÷ 5 × 6 ÷ 12 )

To Cash $900,000 ($20,000,000 × 9% × 6 ÷ 12)

(Being interest expense is recorded)

For recording this we debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining balance is debited to premium on bond payable

c.The contract rate of interest is higher than market rate of interest.

5 0

3 years ago

Main memory divided into a number of static partitions at system generation time is _______ .

crimeas [40]

The main memory divided into a number of static partitions at system generation time is fixed partitioning.

<h3>What is the main memory?</h3>

Memory is a computing term for a system or device that stores data for immediate use in a computer, computer hardware, or other digital electronic devices. The terms main memory and primary storage are frequently used interchangeably. The store is a dated word for memory.

The principal internal storage area in a computer, sometimes known as RAM, is the main memory (random access memory). Specs like 4GB, 8GB, 12GB, and 16GB usually invariably relate to the RAM's storage capacity. On the other hand, a computer's disk or solid-state storage capabilities are commonly 128GB or 256GB or greater.

Fixed partitioning refers to the division of the system's main memory into a number of static partitions.

To learn more about main memory refer to:

brainly.com/question/24688176

#SPJ4

4 0

2 years ago

According to the law of​ demand, quantity demanded decreases as​ ________, ceteris paribus.

According to the law of demand, quantity demanded decreases as ________, ceteris paribus.