Answer:
SUPPLY
LAW OF SUPPLY
Explanation:
Supply is the buyer's ability & willingness to sell at a given price, period of time.
Law of Supply states : Positive relationship between price & quantity demanded, other factors remaining constant. It implies higher price increases supply, lower price decreases supply (other factors same)
The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation.
Answer: A clear statement of the problem
Explanation:
The opening of a direct claim message should clearly state the problem that you would like to be addressed by the receiver and would set the tone for the rest of the message.
Claim messages are formal messages and as such, should be clear and concise so that the message is communicated effectively and there is a lesser chance of the message being misread. This is why the message should be clearly stated, so that the receiver understands it and responds in kind.
Answer:
$24,000
Explanation:
Since in the question it is provided that there is a sale value of the videos to its customers i.e. $24,000 also the collection is of $22,000 and the remaining balance i.e. $2,000 is expected to collect in Jan 2020
Based on the above information, the revenue should be reported on the income statement at the $24,000 as this amount represent the sale value of the videos to its customers and hence, the same is to be considered
Hence, 24,000 would be reported as a revenue in the income statement
