Answer:
A) Positive, because higher prices yield larger quantities supplied.
Explanation:
The correct answer to the question is A) Positive, because higher prices yield larger quantities supplied. The price elasticity of supply determines the change in price as a response to the change in supply of the good or service supplied. This is usually calculated in a figure that determines that if price increases what will be the impact on its supply, which usually is a positive figure.
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Answer:
The Journal entries are as follows:
(i) Sales revenue A/c Dr. $900
To Cash $900
(To record the correction in sales revenue)
(ii) Merchandise Inventory A/c Dr. $200
To Cost of Goods sold $200
(To record the merchandise returned)
Note:
(1) At the time of sale, the cash would have been debited with the amount of $900 and the sales revenue would have been credited with the amount of $900. Now, the cash of $900 should be credited as it was debited earlier.
(2) The inventory account also credited at the time sale, so it should be debited and the cost of goods sold debited at the time of original sale, so it need to be credited.
The practice that sees the contractor using outside suppliers to build homes is known as <u>Importing</u>.
<h3>What is importing?</h3>
This refers to when goods are acquired from outside the nation for reasons such as the goods being cheaper and more available.
Truss Above is engaged in importing when it buys goods from outside suppliers and then uses it in the United States.
Find out more on importing at brainly.com/question/13663581.
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Answer:
Option A
Explanation:
There are primarily three credit bureaus to which the Lenders go namely -
a) TransUnion
b) Equifax
c) Experian
These three agencies are interested in reviewing credit reports before lending any financial aid.
Hence, option A is correct
