Answer:
The demand for Xbox One games falls
The demand for Xbox One games increases
The quantity demanded on Xbox One increases
Explanation:
Xbox one , PlayStation 4, and Wii U can be referred to as substitute goods.
Substitute goods are goods which can be used or consumed in place of one other. If the price of PlayStation 4, and Wii U falls, consumers would increase the quantity demanded of this games and reduce demand for Xbox one because Xbox One is now more expensive relative to the other games.
If consumers income increase, they would have a higher disposable income and so demand would increase.
If the number of people writing and producing XBox One games increases, supply of Xbox one games would exceed demand. This would lead to a fall in price and an increase in the quantity demanded.
I hope my answer helps you
The False statement about BRICS is The BRICS countries have joined together to form a trading bloc.
Brazil, Russia, India, China, and South Africa are the five major emerging economies that make up the term BRICS. The governments of the BRICS states have had formal summit meetings every year since 2009. On July 24, 2022, China virtually held the most recent 14th BRICS meeting.
The BRICS Forum was established in 2011 as an independent international group promoting collaboration in business, politics, and culture between the BRICS countries. The BRICS mechanism aims to promote peace, security, development and cooperation.
To know more about BRICS visit the link:
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Answer:
The answer is stated below:
Explanation:
The trade off which is faced by people when choosing the house or an apartment are:
Consumer or the people faced with the several options like an apartment or the house, when deciding what to purchase.
Resources - Resources means the financial condition of the person, if the resources are unlimited, then person will consider to buy a house and if the person have the resources limited, then they should consider buying an apartment.
Family preference - The person family preference need to be considered as if the family wants or like to live in house then the person should consider this and if want an apartment, then the person should consider that.
Answer:
The adjusting entries are as below:
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000
Explanation:
The new allowance for doubtful accounts should be calculated as 10% of the closing balance of accounts receivable,i,e 10% of $400000=$40000
The new $40000 estimates of allowance for doubtful accounts means that the closing balance in allowance for doubtful accounts should be $40000 credit balance.
Since the opening balance was $36000 credit, the extra amount to top it up to $40000 is $4000($40000-$36000)
Hence,the required adjustment to the allowance for doubtful accounts is shown below
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000