Answer: B. Opening balance for an inventory item was entered during the setup process.
D. Opening balances were included when importing customers using the Import data tool.
E. The client forced a bank reconciliation when the difference was not zero.
Explanation:
The reasons that can be attributed to the large amount in the Opening Balance Equity account will be:
• Opening balance for an inventory item was entered during the setup process.
• Opening balances were included when importing customers using the Import data tool.
• The client forced a bank reconciliation when the difference was not zero.
Answer: It will cause the demand curve to move inwards to the left
Explanation:
An increase in the price of a good will cause a decrease in the quantity demanded. This is in line with the law of demand that states that the higher the price the lower the quantity of goods that will be demanded.
Answer:
Expensre for the year is $205
Explanation:
The cosumable equipment which offices uses regularly for professional working writing recording etc. Company holds it's inventory and record it transactions in office supplies account.
Beginning Supplies = $0
Purchases for the year = $290
Supplies at December 31 = $85
As we know
Ending Balance = Beginning Balance + Purchases - Expense for the period
$85 = $0 + $290 - Expense for the period
$85 = $290 - Expense for the period
Expense for the period = $290 - $85 = $205
Answer:
The answer is: D) Risk is a measure of the uncertainty surrounding the return that an investment will earn.
Explanation:
Investment risk refers to the probability of losing an investment. It measures the uncertainty level of earning returns from an investment.
When an investor anticipates a higher risk, he will expect higher returns. On the contrary, low risk investments (e.g. T-Bills) offer very low yields.
Answer: D. marginal product; increasing; average variable cost; decreasing
Explanation:
The Marginal product curve is hump-shaped and the marginal cost curve is U-shaped because these two move in opposite directions to each other.
If the marginal cost is decreasing therefore, the marginal product must be increasing. If the marginal cost is decreasing and the marginal product is increasing, average variable cost will have to fall because every additional unit produced incurs less cost so the average has to fall as well.
