Answer:
Accounts Receivable 960 Sales Revenue 960
Explanation:
Under periodic inventory system <u>inventory account is not updated for each purchase and each sale.</u>
<u>At the end of the period,</u> the total in purchases account is added to the beginning balance of the inventory to compute cost of goods available for sale.
Hence, the only entries will be between Sales revenue and accounts receivable.
Dr. Accounts receivable...960
Cr. Sales Revenue.......................960
If short-run equilibrium output equals 20,000 and full employment equals 25,000, then this economy has <u>recessionary.</u>
<u></u>
There have been 48 recessions in the United States dating back to the Articles of Confederation, and economists and historians determine that the 19 recessions before the Great Depression were bigger than since the end of World War II.
The health of the country's agricultural and industrial production, consumption, business investment, and banking sectors contributed to these declines.
The US recession is weighing more heavily on economies around the world, especially as national economies become more and more interdependent.
learn more about recessions here; brainly.com/question/532515
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Incomplete question. Here's the full text;
Cracked Mirror, a locally well-known rock group, contracts to play for your high school prom. A week before the dance, the group cancels its appearance. A teacher finds out that the band took the opportunity to perform in a concert that will pay them $800 more. The class president’s mother is an attorney and offers her services to the school.....In the question above, could you fashion an equitable remedy that might prompt Cracked Mirror to decide to keep its commitment to play at your prom? (Certain remedies that may come to mind could violate portions of the U.S. Constitution and therefore could not be pursued.)
<u>Explanation:</u>
A good remedy that comes to mind is the equitable remedy of Specific performance. The remedy of Specific performance is usually issued by a court order requiring a party to perform a specific action, as obliged in a contract.
Thus, by suing Cracked Mirror rock group to pay monetary damages for its failure to perform could prompt them to keep its commitment to play at your prom, especially when the damages involves a significant amount.
Answer:
100 labor will be hired to minimize the costs of producing 200 units of output.
Explanation:
Maximising profit
Profit (Pr) = P*Q - Cost
= P*Q - 5L - 20K
= P*4(LK)^0.5 - 4L - 20K
dPr/dL= P*2(K/L)^0.5 - 4 = 0
dPr/dK = P*2(L/K)^0.5 - 20 =0
We know equilibrium condition
MPL/MPK = w/ r
= 5/20
= 0.25
MPL = 2(K/L)^0.5 MPK = 2(L/K)^0.5
K/L = 0.25
K = 0.25L
200 = 4(0.25L^2)^0.5
=4*0.5*L
L = 100
Therefore, 100 labor will be hired to minimize the costs of producing 200 units of output.
Answer:
Financial liquidity refers to how easily assets can be converted into cash. Assets like stocks and bonds are very liquid since they can be converted to cash within days
Explanation:
