If a shopkeeper starts to sell the new football, their weekly margins would be:
300 x 40 = $12,000
However, the sales of the lower cost footballs will decrease by:
100 x 20 = $2,000 every week
Hence, the total margin we can generate by selling every week by selling the new footballs is:
12,000-2,000 = $10,000
This means the shopkeeper should actually start selling new footballs since their shop will become more profitable
The term laissez-faire depicts the economic idea of conducting business transactions without government interference.
Laisses-faire is a french term which means "to let go". In the economic scenario, it enables merchants to self-regulate and do free trading with other merchants and clientele.
They are not subject to the government's imposition of tariffs, subsidies, regulations, and privileges.
Answer:
Green Wave Company
T-Ledger Accounts:
1. Common Stock Account
Jan. 1 Cash Account $35,000
Cash Account
1. Jan. 1 Common Stock $35,000 3. Jan. 9 Equipment $8,300
5. Jan 18 Rental Fees $12,300 7. Jan. 31 Salaries $6,900
<u> </u> Jan. 31 Balance <u>$32,100</u>
<u> $47,300 </u> <u> $47,300</u>
Feb. 1 Balance $32,100
2. Land Account
Jan. 5 Note Payable $20,500
2. Note Payable Account
Jan. 5 Land $20,500
3. Equipment Account
Jan. 9 Cash $8,300
5. Rental Fees Revenue
Jan. 18 Cash $12,300
6. Office Supplies
Jan. 23 Accounts Payable $2,300
6. Accounts Payable
Jan. 23 Office Supplies $2,300
7. Salaries Expense
Jan. 31 Cash $6,900
Explanation:
T-Ledger accounts are ledger accounts in the form of the letter T. It has debit on the left-hand side and credit on the right-hand side. It is an accounting tool for determining balances.
Answer:
U.S. GDP increase by $29.99
Explanation:
given data
buy new iClicker 2 from bookstore for $29.99
used iClicker 2 online = 10
to find out
How much does U.S. GDP increase by
solution
we know that GDP is only include value of good and service produce during the certain period of time
and here we buy new iClicker 2 from the Illinois bookstore at $29.99 is only part of U.S. GDP
but when used iClicker 2 online is at $10 is not the part of U.S. GDP
so we can say U.S. GDP increase by only at $29.99
so U.S. GDP increase by $29.99