When moving down along a straight-line demand curve:
a) the elasticity of demand stays the s...
Business, 26.10.2019 01:43 bigmouth804
When moving down along a straight-line demand curve:
a) the elasticity of demand stays the same.
b) the elasticity of demand changes from inelastic to elastic.
c) total revenue always stays the same.
d) the elasticity of demand changes from elastic to inelastic.
Answers: 1
Business, 21.06.2019 20:20
After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.
Answers: 1
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Answers: 3
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