Answer:
The answer is TRUE.
Explanation:
The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more detailed project planning stage. It is a TRUE STATEMENT
Answer:
The correct answer is letter "D": data.
Explanation:
Economic models are abstractions that aim to simplify real-world economic events. Economists base their hypothesis in data collected that allows thinking certain patterns are being repeated and are likely to let verify trends by which those events can be studied and dealt with if occurred again.
The last one, Im pretty sure.
Answer:
15 July Debit Bank $10,000; Credit Sales revenue $9,600 and Credit Sales tax payable $400
15 July Debit Cost of goods sold $5,000; Credit Inventory $5,000
1 August Debit Sales tax payable $400; Credit Bank $400
Explanation:
15 July Debit Bank $10,000; Credit Sales revenue $9,600 and Credit Sales tax payable $400
15 July Debit Cost of goods sold $5,000; Credit Inventory $5,000
1 August Debit Sales tax payable $400; Credit Bank $400
The sales tax expense of $400 ($10,000 * 4%) is a liability to the company as it has to pay it over to government thus it cannot be recorded as sales revenue income. At the date of sale we recognize a sales tax payable liability of the amount that we would have to pay over to the government for that particular sale
Answer:
c. consumption function will shift down.
Explanation:
Consumption function = A + Md
A = autonomous consumption
Md = Marginal propensity to consume
It is usually believed that disposable income is either saved or consumed.
If interest rate increases, consumption would fall because savings would increase.
Consumers woild substitute consumption for savings because consumption would become relatively more expensive.
I hope my answer helps you
