Over time, some goods change from being a normal good to an inferior good, or from being an inferior good to a normal good. One example is a CRT television, also known as a tube television. In the 1980s, households with more income usually purchased CRT TVs. Today, more CRT TVs are purchased by households with less income. What has happened to CRT TVs? Choose one: A. A CRT TV has become a normal good because buyers now believe it to be of a lower quality than other types of TV. B. A CRT TV has become an inferior good because as consumers gain more purchasing power, they purchase more of the product. C. A CRT TV has become an inferior good because people buy more of this type of TV when they have lower incomes. D. CRT TVs have become obsolete.

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?