Answer:
1)Price has decreased and the effect on quantity cannot be determined
Explanation:
As of good rainfall there is a rise in supply of canola that means the shifting o feh supply curve could be right also the demanded for the vegetable oil would decline that means the demand is falling so the demand curve would shift to the left
Therefore, the equilibrium would fall but it is unable to figure out whether the quantity would rise or not without considering the elasticities of the demand and the supply curve
Hence, the correct option is 1
All of the above are marketed
Answer:
$17,000
Explanation:
Amount Deposited into checking account = $1,700 cash
Required reserve ratio = 0.10
Money multiplier = 1 ÷ Required reserve ratio
= 1 ÷ 0.10
= 10
Change in money supply = Amount deposited × Money multiplier
= $1,700 × 10
= $17,000
Therefore, the increase in total money supply would be $17,000.
Answer: check the attached file for the answer
Explanation:
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Answer:
C : debit to Service Charge Expense of $20
Explanation:
The complete journal entry used to record this transaction would be:
March 17, 202x, sales revenue
Dr Cash 980 (assuming the transaction is processed automatically)
Dr Service charge (or Credit card) expense 20
Cr Sales revenue 1,000
Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.
