Answer:
$5000
Explanation:
Since Elm City issued a purchase order for supplies with an estimated cost of $5,000, although when the supplies were received, the accompanying invoice indicated an actual price of $4,950, the amount that Elm should credit to encumbrances outstanding in its general fund after the supplies and invoice were received; is $5000
Notice that encumbrances are set aside funds for a purpose, therefore upon ordering, encumbrances balance would increase, and Elm would have passed the following entry
Dr. Encumbrances...$5000
Cr. Fund Balance.....................$5000
Therefore even if the supply came with a shortfall in amount, in order for Elm City to show that the purpose for making that encumbrance has been met, it has to be liquidated by crediting the Encumbrance account by the full amount of $5000
Answer:
Letter A is correct.<u> Direct marketing channel.</u>
Explanation:
A distribution channel is the most effective way a company decides to get its products to the end consumer at the right place at the right time. Intermediaries or business chains can be used to get the good to the customer. Some examples of distribution channels are: manufacturer, internet, retailers and shipping centers.
Distribution channels can be direct or indirect.
In the case of the above question, Sophie's sales occurred through a direct distribution marketing channel, because this is configured as the one where the consumer can purchase the product or service direct from the manufacturer, there are no intermediaries for the product to reach the final customer. And proper transportation or logistics teams are also used to effectively deliver directly.
Answer: A budget line shows the quantities of goods a buyer can purchase with given income and prices.
Explanation: A budget line also known as a budget constraint can be defined as the value of exports to import ( for a state) or the value of expenditure to income (for an individual).
It basically explains the summary of intended expenditure with the capital and the prices.
Answer:
A shift in the supply curve of labour.
Explanation:
An increase in marginal income tax rate cause the income tax burden on a consumer to rise as the consumers income goes up.
What this means is that as his income gets to rise, he would have to pay more in taxes. Due to a rising change in what he pays as tax, what he would receive as income after tax would be lower at the same number of labor hours. On the labor supply curve this would depict a downward shift.
In conclusion, an increase in marginal tax would be shown by a shift in the after tax supply of labor which would fall backwards or downwards
Answer:
B, decrease the firm's cost of capital
Explanation:
When the tax rate of a levered firm is increased, there is a decrease in the firm's cost of capital because the value of a levered firm is the sum of the market value of the firm's debt and its equity.
An increased tax rate means it has a greater debt and as such the firm's capital after settling tax debt is very reduced.
I hope this helps. Cheers.
